Pension Calculator
The Employees' Pension Scheme 1995 pays a monthly pension to organised-sector staff, based on two numbers: pensionable salary and service. The formula is famously simple — salary × years of service ÷ 70 — but caps decide what you receive: pensionable salary stops growing above ₹15,000 a month, and ten qualifying years are needed to claim. This calculator applies the ÷70 rule so you can see where you stand.
Enter values
Results
- Monthly pension
- ₹2,571.43
- Yearly pension
- ₹30,857.14
How is the Pension calculated?
Enter your pensionable salary — the average basic plus dearness allowance of your final months, capped at ₹15,000 under current EPS rules — and your years of pensionable service. The calculator multiplies the two, divides by 70, and returns your monthly pension along with the yearly figure. The helper text on each field flags the salary ceiling and the ten-year minimum, so the caps are visible before the number misleads you.
Formula
Monthly pension = pensionable salary × pensionable service ÷ 70 where: pensionable salary = average monthly basic + DA (capped at ₹15,000) pensionable service = years of contributory service (minimum 10) The divisor 70 is fixed by the scheme for exit at 58; the ₹15,000 ceiling and service rules are EPFS provisions the government can amend.
Example
Pensionable salary: ₹15,000 (the EPS ceiling) · Pensionable service: 12 years Monthly pension = 15,000 × 12 ÷ 70 ≈ ₹2,571.43 Yearly pension = 2,571.43 × 12 ≈ ₹30,857.14 Eight more years of qualifying service changes the answer materially: 15,000 × 20 ÷ 70 ≈ ₹4,285.71 a month, since every extra qualifying year adds about ₹214 to the monthly pension at the ceiling salary.
Things to remember
EPS is a floor, not a replacement salary: at the ₹15,000 ceiling even long service rarely crosses ₹7,000–8,000 a month. Treat it as one pillar beside EPF, NPS and personal investments, and check your service record on the EPFO portal — scheme rules change, and only EPFO's records decide the actual payout.
Frequently Asked Questions
How is the EPS pension calculated?
Monthly pension equals pensionable salary multiplied by pensionable service, divided by 70. With the ₹15,000 salary ceiling and 12 years of service that gives 15,000 × 12 ÷ 70, or about ₹2,571 a month. Service beyond the ten-year minimum raises the pension linearly, year by year.
Why is pensionable salary capped at ₹15,000?
The EPS-95 formula recognises only the average basic plus dearness allowance of your final months, and current rules freeze that average at ₹15,000 however high your salary climbs. Contributions above the ₹15,000 wage ceiling go to the provident fund instead, not the pension fund.
Can I get an EPS pension with less than 10 years of service?
Normally no — ten years of contributory service is the qualifying minimum, and at 58 you can take a reduced pension only after completing those ten years. Below that, the scheme usually refunds the contribution share instead of paying a pension, so leaving a job near the ten-year mark is worth planning around.
From what age is the EPS pension payable?
The standard pension begins at 58, with a reduced early-pension option from 50 and a deferred higher pension possible up to 60. The diversion-of-fund option and Supreme Court rulings have changed who can opt for higher pensions, so verify your eligibility directly with EPFO before counting on any figure.
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