EPS Pension Calculator

The official EPFO formula is: Monthly Pension = (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable Salary is capped at ₹15,000/month. If you have 20+ years of service, 2 bonus years are added.

The statutory wage ceiling for EPS contribution is ₹15,000 per month (Basic + DA). Even if your actual salary is higher, the pension is calculated only on ₹15,000 unless you opted for higher pension under the 2022 Supreme Court ruling.

The Government of India guarantees a minimum pension of ₹1,000 per month under EPS (since September 2014). Even if your calculated pension is less, you will receive at least ₹1,000/month.

You can opt for early pension from age 50 years if you have 10+ years of service. For each year before age 58, your pension is reduced by 4%. Example: Withdrawing at age 55 (3 years early) → pension reduced by 12%.

If you delay taking pension beyond 58, you get a 4% increase per year up to age 60 (maximum 8% increase). Example: Starting pension at age 60 → 8% higher than normal pension at 58.

As per EPS-95 rules, if you complete 20 or more years of pensionable service, 2 additional years are added to your pensionable service for calculation purposes. Maximum pensionable service is capped at 35 years.

The employer contributes 8.33% of the employee's Basic + DA (capped at ₹15,000) towards EPS every month. The employee does not contribute directly to EPS — the full employer contribution goes into the Employees' Pension Fund.

You need a minimum of 10 years of pensionable service to be eligible for EPS pension. If you leave before 10 years, you can withdraw the EPS amount as a lump sum.

• Less than 10 years: Withdrawal benefit only
• 10+ years: Monthly pension from age 58
• 50–57 years: Reduced early pension option

On the death of an EPS member (whether in service or after retirement), the family receives monthly pension:

• Widow/Widower Pension: 50% of the member's pension (minimum ₹1,000/month)
• Child Pension: 25% of widow pension per child, max 2 children, until age 25 (minimum ₹250/child/month)
• Orphan Pension: If both parents are dead, each child gets 75% of the widow pension (minimum ₹750/month)

Unlike retirement pension, there is no minimum service requirement for death benefits.

When an EPS member dies while still employed:

1. Calculate member pension: (Pensionable Salary × Adjusted Service) ÷ 70
2. Widow pension = 50% of calculated member pension
3. Apply minimum: widow pension cannot be less than ₹1,000/month

Even if the member had very few years of service, the family is still entitled to pension benefits.

EDLI (Employees' Deposit Linked Insurance Scheme, 1976) provides a one-time lump sum insurance benefit to the nominee when an EPF member dies while in active service.

Formula (as per 2021 amendment):

• Base = 35 × Average Monthly Wages (capped at ₹15,000) = max ₹5,25,000
• Bonus = 50% of Average PF Balance (capped at ₹1,75,000)
• Total EDLI = Base + Bonus
• Minimum guaranteed: ₹2,50,000
• Maximum: ₹7,00,000

EDLI premium is fully paid by the employer (0.5% of wages). The employee does not contribute. EDLI is only payable if the member was in active service at the time of death — not applicable for death after retirement.

In November 2022, the Supreme Court upheld EPFO's obligation to allow employees who were earning more than ₹15,000/month to contribute on their actual wages for EPS — not just the capped ₹15,000.

Who is eligible:

• Employees who were EPF members before September 1, 2014
• Were contributing on actual wages above ₹15,000
• Had not previously opted out of higher pension
• Filed application with EPFO by the stipulated deadline

Impact: If your actual salary is ₹50,000, your pension base becomes ₹50,000 instead of ₹15,000 — potentially 3× higher pension. However, you must also pay the higher employer EPS contribution (8.33% of actual wages) from your EPF corpus.

Yes. As per EPS-95 rules, the widow pension stops if the widow/widower remarries. However, in such cases, the dependent children continue to receive child pension until age 25. The orphan pension provision kicks in if the widow remarries and children are left without either parent's support under EPS.