What is the Salary of an IIT Professor?

So, you’re curious about how much IIT professors earn? Well, that’s a great question! Also, the salary and perks for IIT professors are quite impressive. Let’s dive into the details and explore everything you need to know.

Basic Salary Components:

Assistant Professor-

To start with, let’s talk about the salary for an Assistant Professor at IIT, as this is where any new recruit would start. And obviously, the salary varies based on experience. For example:

• 0–1 Years of Experience: The Basic Pay is ₹70,900 (Grade II).
• 1–2 Years of Experience: It increases to ₹73,100 (Grade II).
• 3–4 Years of Experience: The Basic Pay becomes ₹1,01,500 (Grade I, Level 12).
• After 3 Years at Level 12: The Basic Pay rises to ₹1,31,400 (Level 13A1).

Additionally, your salary includes several components. First of all, the Dearness Allowance (DA) is 34% of the Basic Pay. Also, you get a Transport Allowance of ₹3,600 plus DA. And for the first three years, there is also an Extra Allowance of ₹30,000.

For instance, if you have three years of post-Ph.D. experience, your monthly salary would be approximately ₹1,99,194. This figure includes all allowances and contributions.

Associate Professor-

Moving on, as an Associate Professor, your salary reflects your new position. The Basic Pay starts at ₹1,31,400. Moreover, it can increase based on your experience and performance.

Professor-

Furthermore, as a Professor, your salary gets a significant boost. The Basic Pay ranges from ₹1,44,200 to ₹2,05,400. After all, this increase is based on your experience and rank.

Additional Allowances and Perks:

In addition to the salary, IIT professors also enjoy various allowances and perks. For example:

• House Rent Allowance (HRA): If campus housing isn’t available, you receive HRA to cover the cost of your accommodation. Although, the amount varies by city.
• Professional Development Allowance (PDA): This is ₹3,00,000 for attending conferences, buying books, and other expenses.
• Start-up Seed Grant: Up to ₹20,00,000 to support your research initiatives.
• Additional Grant: ₹30,00,000 for further research.

Furthermore, other benefits include:

• Medical Coverage: You and your family have access to on-campus medical facilities, and obviously, these facilities are world-class.
• Daycare and Preschool: Facilities are available for children aged 18 months to 6 years.
• Subsidised Loans: For purchasing a house, car, or computer.

Benefits Beyond Salary:

Moreover, the perks of being an IIT professor extend beyond the salary. For instance:

• Sabbatical Leave:  About sabbaticals, you don’t have to worry. Because every seventh year, you can take up to three sabbaticals with full pay.
• Leave Travel Concession: The institute covers travel expenses to your hometown once every two years. So, this helps a lot those whose hometown is not nearby.
• Reimbursement for Telephone Bills: Up to ₹1,800 per month. So that you can talk to your loved ones without worrying about the bills.

Growth and Promotions:

Additionally, the career growth at IIT is clear and structured. Here’s how it typically progresses:

1. Assistant Professor (Grade II): For new Ph.D. graduates.
2. Assistant Professor (Grade I): After three years of experience.
3. Associate Professor: After six years of teaching or research, with at least three years as an Assistant Professor.
4. Professor: After ten years of experience, with at least four years as an Associate Professor.

How To Start The Journey?

So, you are sure that you want to be an IIT Professor? If so, what is the best way to start this journey? If you are in classes 10, 11, or 12, you can start by preparing for institutes like IISER, NISER, or IISc. Another option is to prepare for JEE to join IIT and then go for a PhD at a research institute, which can be IIT or IISER, NISER, or IISc. How do I choose between IISER and IIT? Read this blog to find the answer. If you choose IISER, NISER or IISc, you will have to crack IAT or NEST. With the right preparation, you can crack these exams easily. And for the right preparation, you need the best mentor. Where can you find the best mentor? Look no more. SciAstra is here for you. SciAstra offers the best courses for IAT and NEST, and we have hundreds of selections. So, start your preparation today by choosing any of the following courses:

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Conclusion:

In conclusion, being an IIT professor offers more than just a competitive salary. The role includes various allowances and benefits that make it a rewarding career. Additionally, the structured growth path and extra perks enhance the attractiveness of the job. If you’re passionate about teaching and research, this career could be a perfect fit for you!

FAQs:

1. What is the starting salary for an IIT Assistant Professor?
   • Initially, the salary starts around ₹68,900, depending on experience and qualifications.
2. Do IIT professors get housing benefits?
   • Yes, they have the option of campus housing or receiving a House Rent Allowance (HRA).
3. What additional allowances do IIT professors receive?
   • They receive a Dearness Allowance (DA), a Transport Allowance, an Extra Allowance for the first three years, and a Professional Development Allowance (PDA).
4. How much is the Professional Development Allowance (PDA)?
   • The PDA is ₹3,00,000 for expenses related to conferences, books, and other needs.
5. Are there any special grants available for research?
   • Yes, IITs provide Start-up Seed Grants and Additional Grants to support research efforts.
6. What are the retirement benefits for IIT professors?
   • Retirement benefits include contributions to the New Pension Scheme (NPS) and other allowances.
7. Can IIT professors take sabbatical leave?
   • Yes, they can take sabbatical leave every seventh year, up to three times, with full pay.

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