EPS Calculator
Calculate your monthly pension under the Employees' Pension Scheme (EPS) based on your average salary and years of pensionable service.
- Free to use
- Accurate results
- No registration required
- Works on all devices
Your result
₹5,357.14
Estimated monthly pension
AI explanation
Formula
Pension = (pensionable salary, capped at ₹15,000) × pensionable service years / 70Worked example
₹20,000 average salary, 25 years of service
| Field | Value |
|---|---|
| Average monthly salary (last 60 months) | 20000 |
| Pensionable service | 25 |
| Pensionable salary used | 15000 |
| Estimated monthly pension | 5357.14 |
Assumptions
- Uses the EPFO formula with the statutory pensionable salary ceiling of ₹15,000/month, regardless of actual salary.
- Does not model the "past service" benefit table applicable to members who joined before 2014, which can add a small additional amount.
- Informational only.
Frequently asked questions
What is EPS?
The Employees' Pension Scheme is a component of EPFO contributions (8.33% of the employer's PF contribution) that funds a monthly pension after retirement, separate from the EPF lump sum.
Why is my pensionable salary capped at ₹15,000?
EPFO's formula uses a statutory wage ceiling for pension calculation purposes, regardless of your actual salary — this cap has remained ₹15,000 since 2014.
What is pensionable service?
The number of years you contributed to EPS, generally your total service with EPF-covered employers, rounded per EPFO's specific counting rules.
Related calculators
Sources
- Employees' Pension Scheme, 1995 — Employees' Provident Fund Organisation (EPFO). Effective 16-11-1995, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute financial advice. Verify your exact pension entitlement with EPFO.
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