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📘 About the EPS Pension Calculator
Under the Employees' Pension Scheme 1995 (EPS-95), part of your employer's EPF contribution (8.33% of salary up to ₹15,000, i.e. up to ₹1,250 a month) goes into a pension fund. After at least 10 years of service you get a monthly pension for life from age 58.
The pension is pensionable salary × pensionable service ÷ 70. Pensionable salary is the average of the last 60 months, capped at ₹15,000 unless you were allowed the higher pension option. If you have 20 years or more of service you get 2 bonus years. You can take a reduced pension from 50 (4% less for each year before 58) or defer it to 60 (4% more for each year after 58).
🧮 Formula
Service before 1 September 2014 is calculated with the old ₹6,500 ceiling and a 12-month average; EPFO combines both parts. Use this as an estimate.
✏️ Worked examples
₹15,000, 25 years, at 58
You get| Monthly pension (₹) | ₹5,785.71 |
| Pensionable service counted (years) | 27 |
| Pensionable salary used (₹) | ₹15,000 |
| Pension per year (₹) | ₹69,428.57 |
15,000 × 27 ÷ 70 = ₹5,785.71.
Try this example →Same, retiring at 55
You get| Monthly pension (₹) | ₹5,091.43 |
| Pensionable service counted (years) | 27 |
| Pensionable salary used (₹) | ₹15,000 |
| Pension per year (₹) | ₹61,097.14 |
12% less: ₹5,091.43.
Try this example →Higher pension, ₹40,000, 30 years
You get| Monthly pension (₹) | ₹18,285.71 |
| Pensionable service counted (years) | 32 |
| Pensionable salary used (₹) | ₹40,000 |
| Pension per year (₹) | ₹2,19,428.57 |
₹18,285.71 a month.
Try this example →🧭 How to use this calculator
What you enter
- Average salary of last 60 months (basic + DA, ₹)
- Pension option
- Years of EPS service
- Age when pension starts58 is normal; from 50 is early (reduced); up to 60 is deferred (increased).
What you get
- Monthly pension (₹)
- Pensionable service counted (years)
- Pensionable salary used (₹)
- Pension per year (₹)
💡 Key rules
- Minimum pension: ₹1,000 a month.
- Maximum with the ₹15,000 ceiling: 15,000 × 37 ÷ 70 ≈ ₹7,929 (35 years + 2 bonus years).
- Less than 10 years of service: no pension; claim the withdrawal benefit with Form 10C.
- Family pension is paid to the spouse and children after the member's death.
❓ Frequently asked questions
How is EPS pension calculated?
Monthly pension = pensionable salary × pensionable service ÷ 70. With ₹15,000 and 25 years (+2 bonus): 15,000 × 27 ÷ 70 = ₹5,786.
What is the maximum EPS pension?
About ₹7,500 to ₹7,929 a month with the ₹15,000 ceiling. Those who got the higher pension option can receive more.
Can I get EPS pension at 50?
Yes, as a reduced early pension: 4% less for each year before 58. At 50 the pension is 32% lower.
What if I have less than 10 years of service?
You cannot get a monthly pension, but you can withdraw the EPS amount using the withdrawal benefit table (Form 10C) or carry the service forward to a new job.