| Grade | Pay scales | Designation in HQs / Office of Controller of Communication Accounts | Designation in field units of DOT | Designation in the Department of Posts |
| Junior time scale | 8000-275-13500 | Assistant chief accounts officer | Assistant chief accounts officer | Assistant chief accounts officer |
| Senior time scale | 10000-325-15200 | Assistant director general / deputy controller of communication accounts | Chief accounts officer | Asstt. Director general / chief accounts officer/deputy director of Accounts (P) |
| Junior administrative grade | 12000-375-16500 | Director /joint controller of communication accounts | Deputy general manager | Director / Director of accounts postal |
| Selection grade JAG (NFSG) | 14300-400-18300 | Director / joint controller of communication accounts | Deputy general manager | Director / Director of accounts postal |
| Senior administrative grade | 18400-500-22400 | Deputy director general / controller of communication accounts | General manager | Deputy director general |
| Higher administrative grade-II | 22400-525-24000 | Sr. deputy director general | Principal general manager | NA |
| Higher administrative grade-I | 22400-600-26000 | Advisor (Finance) | NA | NA |
The IP&TAFS Recruitment Rules 2001 regulate recruitment into the service, for which officers are recruited through the combined civil services examination conducted by the UPSC annually. Candidates appearing in the said UPSC examination are required to exercise their option in order of preference for various services, viz., IAS, IPS, IFS, IP&TAFS and other central services. Final placement in a particular service depends upon their preference and tank in the combined merit list. In many cases, very high ranking candidates were seen to opt for the P&T Accounts and Finance Service despite a number of service options being open to them.
These officers come from a variety of disciplines, including medicines, engineering, chartered accountancy, business administration, science, humanities etc. After recruitment, they are imparted two years training in management, government rules, law, constitutional provisions, commercial accounts etc., before their regular posting in the Department. Their training begins with the Foundation Course at the Lal Bahadur Shastri National Academy of Administration at Mussoorie followed by training in Financial management at the National Institute of Financial Management, Faridabad, for 48 weeks along with officers of the other organised accounts and finance services. The final lap of training is at the advanced level telecom training centre at Ghaziabad, with an emphasis on postal and telecom functioning and rules. Their training includes a rigorous course in advanced accountancy.
The service conditions, promotions, disciplinary proceedings and cadre management of the service are supervised and regulated by the Department of Telecom in consultation with the UPSC and the Department of Personnel and Training, Government of India.
The preceding decade saw a boon in the growth of the telecom network from 3.5 lakh lines in 1991 to over 32 million lines and revenues that grew from 3686 crore a year in 1991 to 23546 crore in the year ending 31/3/2001. Telecom grew at 22% per annum, at about 5 times the rate of the rest of Indian industry, and it was the IP&TAFS that had the opportunity to generate, monitor and collect its revenues in addition to managing all its financial operations. Officers of the service manned posts in the Departments of Telecom and Posts, the TRAI and a number of PSUs under the Communications Ministry, such as like TCH, ITT and VSNL. All the finance posts in the largest PSUs in the country, i.e., the BSNL and MTNL, were also manned by the officers of this service. The other functions exercised by these officers were budgetary control, finance advice the management of projects and internal audit. In a sector characterised by unprecedented growth and very rapid changes in technology, they had to give a very good account of themselves to stay abreast and manage the sector.