EPS Calculator

Calculating your EPS pension amount takes less than a minute:

1. Enter your pensionable salary — the average monthly salary (basic + DA) for the last 60 months before retirement, capped at ₹15,000.
2. Enter your total pensionable service in years (the number of years you have contributed to EPS).
3. Click Calculate to instantly see your estimated monthly EPS pension amount at retirement.

The calculator applies the official EPS pension formula prescribed by EPFO to give you an accurate pension estimate.

EPS (Employee Pension Scheme) is a pension scheme under EPFO that provides a monthly pension to employees after retirement, along with pension benefits to their family in case of the employee's death or disability. It was introduced in 1995 and covers all EPF members.

Unlike the EPF account where you receive a lump sum at retirement, EPS provides a regular monthly pension for life after you reach the age of 58, making it an important component of retirement income planning for salaried employees.

The monthly EPS pension is calculated using the following official formula:

Monthly Pension = (Pensionable Salary × Pensionable Service) ÷ 70

Where:

• Pensionable Salary = Average monthly salary (basic + DA) for the last 60 months before retirement, subject to a maximum of ₹15,000 per month
• Pensionable Service = Total years of EPS contribution, with a bonus of 2 years added if the member has completed 20 or more years of service

For example, if your pensionable salary is ₹15,000 and you have 25 years of service (with 2-year bonus = 27 years), your monthly pension would be:

(₹15,000 × 27) ÷ 70 = ₹5,785 per month

EPS contributions come entirely from the employer's share, not the employee:

• The employer contributes 12% of the employee's basic salary + DA to EPFO.
• Of this 12%, 8.33% goes into the EPS account (capped at ₹1,250 per month, based on ₹15,000 salary cap).
• The remaining 3.67% goes into the EPF account.
• The government also contributes 1.16% of basic salary towards EPS for eligible employees.

Employees do not make any direct contribution to EPS — the entire pension corpus is funded by the employer's and government's contributions.

Important rules governing EPS pension eligibility:

1. Minimum service for pension — You must have completed at least 10 years of eligible service to receive a monthly pension from EPS at retirement.
2. Retirement age — The standard pension begins at age 58. Early pension can be drawn from age 50, but it is reduced by 4% for each year before 58.
3. Service bonus — If you have completed 20 or more years of pensionable service, 2 additional years are added to your service period for pension calculation.
4. Maximum pension — The maximum monthly pension under EPS is capped based on the ₹15,000 salary limit, resulting in a maximum pension of approximately ₹7,500 per month under the standard formula.
5. Withdrawal before 10 years — If you leave employment before completing 10 years of service, you can withdraw your EPS corpus as a lump sum instead of receiving a monthly pension.

Our calculator helps you plan your retirement income by allowing you to:

• Get instant, accurate EPS pension estimates based on the official formula
• Understand how additional years of service impact your monthly pension
• Plan your retirement income by combining EPS pension with EPF corpus and other savings
• Make informed decisions about early retirement vs continuing service for higher pension