1. What is the EPFO EPS Pension Calculator?

The EPFO EPS (Employees' Pension Scheme) Pension Calculator estimates the monthly pension amount for employees covered under the Employees' Provident Fund Organisation in India. It calculates pension based on pensionable salary and years of service.

2. How Does the Calculator Work?

The calculator uses the EPFO EPS pension formula:

Where:

• \( PS \) — Pensionable Salary (average salary during contributing period)
• \( PSV \) — Pensionable Service (total years of service)
• 70 — Fixed divisor as per EPFO regulations

Explanation: The formula calculates monthly pension by multiplying pensionable salary with years of service and dividing by 70, as per EPFO guidelines.

3. Importance of Pension Calculation

Details: Accurate pension calculation helps employees plan their retirement, understand their entitlements, and make informed decisions about their EPF contributions and retirement planning.

4. Using the Calculator

Tips: Enter pensionable salary in INR (average of last 60 months salary), pensionable service in years (total years of EPF contribution). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is pensionable salary under EPS?
A: Pensionable salary is the average monthly salary drawn during the last 60 months (5 years) of service before retirement.

Q2: Is there a minimum service requirement for pension?
A: Yes, minimum 10 years of service is required to be eligible for pension under EPS.

Q3: What is the maximum pensionable salary?
A: The maximum pensionable salary is capped at ₹15,000 per month (as per current EPFO rules).

Q4: Can I get pension if I change jobs?
A: Yes, service periods from different employers can be combined if EPF contributions were made continuously.

Q5: Is the pension amount fixed for life?
A: The pension amount is subject to periodic revisions and dearness allowance adjustments by EPFO.