Tamilnadu Government Pension Formula:
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The Tamilnadu Government Pension is a retirement benefit provided to government employees in Tamilnadu, calculated as 50% of the sum of last basic pay and dearness allowance. This pension scheme ensures financial security for retired government employees.
The calculator uses the Tamilnadu Government Pension formula:
Where:
Explanation: The formula calculates the monthly pension amount as half of the sum of the employee's last drawn basic pay and dearness allowance.
Details: Accurate pension calculation is crucial for retirement planning, financial security, and ensuring government employees receive their entitled benefits after years of service.
Tips: Enter the last basic pay and dearness allowance in Indian Rupees (INR). Both values must be positive numbers. The calculator will compute the monthly pension amount.
Q1: Who is eligible for Tamilnadu Government Pension?
A: Regular government employees who have completed the required years of service as per Tamilnadu government rules are eligible for pension.
Q2: Is dearness allowance included in pension calculation?
A: Yes, dearness allowance is an integral part of the pension calculation formula along with the last basic pay.
Q3: Can pension be more than 50% of last pay + DA?
A: Generally, the pension is capped at 50%, but there may be special provisions for certain categories or under specific circumstances.
Q4: How often is pension paid?
A: Pension is typically paid monthly to retired government employees.
Q5: Are there any other benefits besides basic pension?
A: Yes, pensioners may also be eligible for other benefits like medical allowance, family pension, and periodic dearness relief.