EPS Pension Calculator
Calculate your Employee Pension Scheme monthly pension
Enter Your Details
Provide your service and salary information
EPS rules apply to both sectors
Average of last 60 months salary (capped at ₹15,000/month)
Total years of EPF membership
Years eligible for pension (defaults to total service if not specified)
How Do EPS Pension Calculators Work?
EPS pension calculators help you estimate your monthly pension after retirement by calculating based on your pensionable salary and years of service. Here's a step-by-step explanation:
Enter Pensionable Salary
Input your average pensionable salary (average of last 60 months, capped at ₹15,000/month). This is the base for pension calculation regardless of your actual salary. The cap was set in 2014.
Specify Years of Service
Enter your total years of EPF membership and pensionable service years. Minimum 10 years of service is required to be eligible for EPS pension. If you have less than 10 years, you can withdraw your EPS contribution as a lump sum.
Calculate Monthly Pension
The calculator uses the formula: Monthly Pension = (Pensionable Salary × Pensionable Service) / 70. Minimum pension is ₹1,000/month. EPS pension is separate from EPF corpus and provides monthly income after retirement.
Understanding Your EPS Pension Calculation
Learn how eps pension calculations work
Understanding EPS Pension Calculation
EPS (Employee Pension Scheme) provides a monthly pension after retirement. It's part of the EPF system where 8.33% of employer's EPF contribution goes to EPS. The pension is calculated based on pensionable salary and years of service.
Formula:
Monthly Pension = (Pensionable Salary × Pensionable Service) / 70, Minimum ₹1,000/monthKey Points:
- •Minimum 10 years of EPF membership required for pension
- •Pensionable salary is capped at ₹15,000/month (average of last 60 months)
- •8.33% of employer's EPF contribution goes to EPS
- •Minimum pension is ₹1,000/month
- •EPS pension is separate from EPF corpus
Frequently Asked Questions
Common questions about eps pension
Disclaimer
These calculators are for estimation and educational purposes only. For personalized financial advice, please consult a qualified financial advisor or chartered accountant.
All calculations are based on standard formulas and current tax laws. Actual results may vary based on individual circumstances and applicable regulations.
How EPS Pension Is Calculated After Retirement
Employees often contribute to EPF throughout their career but are unsure how the pension portion works after retirement. The Employees' Pension Scheme (EPS) provides a monthly pension to eligible employees after retirement.
EPS Pension Eligibility Rules Explained
Not all EPF members are eligible to receive EPS pension. Understanding eligibility rules helps employees plan retirement income better.
EPF vs EPS: Key Differences You Must Know
EPF and EPS are both part of the provident fund system, but they serve different purposes. Many employees confuse the two, which can lead to incorrect retirement expectations.