EPS Pension Calculator

Estimate your monthly pension under the Employees' Pension Scheme (EPS) based on your average monthly salary and years of pensionable service, per EPFO's statutory formula.

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Enter your average monthly salary and pensionable service years to estimate your monthly EPS pension using the EPFO formula: (capped salary × years) / 70.
₹
Basic salary + DA, averaged over the last 60 months of service.

Your result

₹4,285.71

Estimated monthly EPS pension

Pensionable salary used (capped at ₹15,000)₹15,000

AI explanation

Formula

Monthly pension = (pensionable salary, capped at ₹15,000) × pensionable service years / 70

Worked example

₹25,000 salary, 20 years of service

Worked example: ₹25,000 salary, 20 years of service
FieldValue
Average monthly salary (last 60 months)25000
Pensionable service (years)20
Pensionable salary used (capped at ₹15,000)15000
Estimated monthly EPS pension4285.71

Assumptions

  • Uses the statutory EPFO pensionable-salary ceiling of ₹15,000/month.
  • Does not model the "past service" table used for members who joined before September 2014 — actual pension for long-serving pre-2014 members may differ.
  • Informational only.

Frequently asked questions

What is the EPS pension formula?

Monthly Pension = (Pensionable Salary × Pensionable Service) / 70, where Pensionable Salary is your average monthly salary over the last 60 months, capped at ₹15,000.

Why is my salary capped at ₹15,000 in this formula?

EPFO's statutory wage ceiling for EPS contributions is ₹15,000/month — even if your actual basic salary is higher, the pension formula uses this capped figure unless you were part of a higher-wage EPS option before the ceiling was introduced.

When can I start receiving my EPS pension?

EPS pension is payable from age 58 (reduced pension available from age 50 with an early pension discount), provided you have completed at least 10 years of eligible service.

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Related articles

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How Your EPS Monthly Pension Is Calculated

EPS pension is your capped average monthly salary (up to ₹15,000) multiplied by your years of pensionable service, divided by 70 — a fixed formula where more years of service and a higher salary (up to the cap) both raise the payout.

Read guide
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Where Your EPF Contribution Actually Goes: EPF vs EPS

EPF and EPS are two separate schemes funded from the same monthly contribution — EPF builds a lump-sum corpus you withdraw at retirement, while EPS pays a monthly pension for life, and the employer's 12% is what splits between them.

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Sources

This calculator provides an estimate only, based on the standard EPFO formula. Actual EPS pension depends on service-history details (including the "past service" table for pre-2014 members) not modeled here — verify your exact entitlement with EPFO.

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