Formula: ₹15,000 × 27 ÷ 70. The minimum EPS pension is ₹1,000 a month.
Members who opted for a higher pension on actual salary (after the 2022 Supreme Court ruling) have a different pensionable salary – this calculator uses the ₹15,000 ceiling.
This is an estimate based on published rates, not tax or financial advice. Your payslip or assessment may differ. We are an independent site, not affiliated with any government agency.
The EPS-95 formula
Monthly pension = Pensionable salary × Pensionable service ÷ 70
Pensionable salary: average monthly pay (basic + DA) over the last 60 months, up to ₹15,000.
Pensionable service: years in the scheme; 6 months or more counts as a full year. Members with 20 or more years get a 2-year bonus.
Age: full pension at 58; from 50 it is reduced by 4% per year early; deferring to 60 adds 4% a year.
₹15,000 pensionable salary, 35 years of service, pension at 58
Monthly EPS pension₹7,928.57
Pensionable salary
₹15,000.00capped at ₹15,000
Pensionable service
37 years
Per year
₹95,143
Where the money comes from
Of your employer’s 12% EPF contribution, 8.33% (on pay up to ₹15,000, i.e. up to ₹1,250 a month) goes to EPS; the rest goes to your EPF account. Your own 12% goes entirely to EPF. The EPF calculator shows the EPF side.
Questions people ask
How is EPS pension calculated?
Monthly pension = pensionable salary × pensionable service ÷ 70. Pensionable salary is the average of the last 60 months' basic plus DA, capped at ₹15,000. With 25 years of service (plus the 2 bonus years) the pension is ₹15,000 × 27 ÷ 70 = ₹5,786.
What is the minimum EPS pension?
₹1,000 a month, for members with at least 10 years of eligible service.
Can I get EPS pension before 58?
Yes, from age 50, but it is reduced by 4% for each year before 58. Deferring to 60 increases it by 4% a year.
What if I have less than 10 years of service?
You cannot get a monthly pension, but you can withdraw the EPS amount as a lump sum with Form 10C, calculated from Table D of the scheme.
This is an estimate based on published rates, not tax or financial advice. Your payslip or assessment may differ. We are an independent site, not affiliated with any government agency. Read the full disclaimer.
