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EPS Pension Calculator (EPFO EPS-95 Monthly Pension)

This EPS pension calculator estimates the monthly pension EPFO will pay you under the Employees' Pension Scheme (EPS-95). Enter your average basic pay plus DA for the last 60 months and your years of service, and it applies the formula, the 2 bonus years, early pension cuts and the ₹1,000 minimum.

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With 25 years of contributory service (earning 2 bonus years) and a ₹15,000 pensionable salary, your monthly EPS pension is ₹5,786 for life under the statutory EPS-95 formula: (15,000 x 27) / 70.

EPFO EPS-95 Pension Parameters

Formula: (Salary x Service) ÷ 70

Calculate your monthly pension under the Employees' Pension Scheme 1995 administered by EPFO.

₹

Average of basic salary plus DA during the last 60 months of contributory service.

Higher Pension on Actual Wages

Opted under the Supreme Court ruling (pension on wages above the statutory ceiling).

Minimum 10 years of eligible service required for monthly pension. 20+ years awards 2 bonus years.

Normal pension age is 58 years. Early pension before 58 is discounted by 4% per year.

Your Monthly EPS Pension

Monthly EPS Pension

₹5,786

Paid every month for life by EPFO

Effective Service

27 Years

+2 years statutory service bonus applied

Effective Pensionable Salary:₹15,000
Actual Contributory Service:25 Years
Bonus Service Credit:+2 Years (Tenure ≥ 20 Yrs)
Standard Pension at Age 58:₹5,786

Statutory EPS-95 Norms:

• Statutory Wage Ceiling: ₹25,000 per month from 17 Sep 2026 (₹15,000 before)

• Employer EPS Contribution: 8.33% (capped at ₹2,083/mo)

• Maximum Regular EPS Pension: ₹12,500/month (at 35 years service cap)

• Statutory Minimum Pension: ₹1,000/month

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How does the EPS Pension Calculator work?

Out of the employer's 12% EPF contribution, 8.33% goes to the Employees' Pension Scheme (EPS-95). It is capped at 8.33% of the statutory wage ceiling, which rose from ₹15,000 to ₹25,000 a month on 17 September 2026, so the cap went from ₹1,250 to about ₹2,083 a month.

An employee becomes eligible for EPS monthly pension after completing at least 10 years of eligible contributory service.

Statutory formula: Monthly Pension = (Pensionable Salary x Pensionable Service) / 70.

Service bonus: If an employee completes 20 or more years of contributory service, 2 bonus years are added to the service tenure (up to a maximum of 35 years).

Normal pension age is 58 years. Early pension is permitted from age 50 to 57 with a 4% per year discount.

Worked example: 25 years of service earns 2 bonus years, so 27 years count. On the old ₹15,000 ceiling, the pension is ₹15,000 × 27 ÷ 70 = ₹5,786 a month. Once a member's 60-month average reaches the new ₹25,000 ceiling, the same service gives ₹25,000 × 27 ÷ 70 = ₹9,643 a month.

The wage ceiling rose to ₹25,000 from 17 September 2026 (notification S.O. 5109(E)). Because pensionable salary is the average of your last 60 months, someone retiring soon will still have mostly ₹15,000 months in that average; the full benefit builds up over five years. EPFO has not yet set out how it will treat service before the change. When the ceiling last rose in 2014, pension was worked out in two parts, with earlier service on the old ceiling. If most of your last five years were before September 2026, enter ₹15,000 for a safe estimate.

Early pension: you can draw a reduced pension from age 50 with 10 years of service; it falls 4% for each year before 58. At 55 the cut is 12%, so ₹5,786 becomes ₹5,091 for life. With under 10 years of service there is no pension; you withdraw the EPS amount using Form 10C. Your EPF balance is separate; see the EPF Calculator and, for the gratuity at retirement, the Gratuity Calculator.

EPS pension by years of service

Years of serviceYears countedPension at ₹15,000 salaryPension at ₹25,000 salary
1010₹2,143₹3,571
1515₹3,214₹5,357
2022₹4,714₹7,857
2527₹5,786₹9,643
3032₹6,857₹11,429
33 or more35 (maximum)₹7,500₹12,500

Monthly pension at 58 = pensionable salary × years counted ÷ 70. Service of 20 years or more adds 2 bonus years. Minimum pension ₹1,000 a month.

EPS Pension Calculator formula

Monthly Pension = (Pensionable Salary x Pensionable Service) / 70

Pensionable Salary
= Average basic + DA for the last 60 months (capped at ₹25,000 from 17 Sep 2026; ₹15,000 before)
Pensionable Service
= Total service in years (+2 years bonus if service >= 20 years, max 35)
70
= Statutory divisor under EPS-95 rules

Statutory minimum pension under EPS-95 is ₹1,000 per month.

EPS Pension Calculator: worked example

25 Years Service on the ₹15,000 Ceiling (service before 17 Sep 2026)

Contributory Service Tenure
25 Years
Statutory Bonus Service Credit
+2 Years (Service >= 20 Years)
Effective Pensionable Service
27 Years
Statutory Pensionable Salary Cap
₹15,000
Calculation Formula
(₹15,000 x 27) ÷ 70
Guaranteed Monthly Pension for Life
₹5,786

EPS Pension Calculator: frequently asked questions

What is the maximum monthly pension under standard EPS-95?
₹12,500 a month on the new ₹25,000 ceiling: (25,000 × 35) ÷ 70, with the maximum 35 years of countable service. On the old ₹15,000 ceiling it was ₹7,500. Because pensionable salary is a 60-month average, the full ₹25,000 only counts for members with five years of contributions after 17 September 2026.
What is the minimum pension guaranteed under EPS-95?
The Government of India guarantees a minimum monthly pension of ₹1,000 per month for all eligible EPS members who have completed at least 10 years of service.
How does the 2-year service bonus work in EPS?
Under EPS-95 rules, if you complete 20 years or more of pensionable service and retire at or after age 58, 2 additional years are credited to your contributory service, increasing your pension payout.
Can I withdraw my EPS money before 10 years of service?
Yes. If your total service is less than 10 years, you cannot claim a monthly pension. Instead, you can claim a lump-sum EPS scheme withdrawal benefit using EPFO Form 10C.
What happens if I opt for early pension at age 50?
Early pension can be opted between age 50 and 57 if you have 10+ years of service. However, the pension amount is reduced by 4% for each year you retire before age 58 (e.g. retiring at 50 results in a 32% lifetime reduction).
Is EPS pension taxable in India?
Yes. Monthly pension received from EPS is treated as uncommuted pension and is taxed under the head Salaries according to your personal income tax slab.
How is EPS pension calculated?
Monthly pension = pensionable salary × pensionable service ÷ 70. Pensionable salary is your average basic plus DA over the last 60 months, capped at the wage ceiling. With 25 years of service (27 counted) and a ₹15,000 average, the pension is ₹5,786 a month.
Has the EPS wage ceiling increased to ₹25,000?
Yes, from 17 September 2026, under notification S.O. 5109(E). Employer EPS contributions now go on wages up to ₹25,000, about ₹2,083 a month. The minimum pension is still ₹1,000; reports of a hike to ₹7,500 have been called fake by EPFO.

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Reviewed by Pradipta Ray, MBA (Finance) · Updated