Finance · Free tool
EPS Pension Calculator
EPS (Employee Pension Scheme) gives a lifelong pension at age 58. Pensionable salary is capped at ₹15,000/month unless you opt for higher pension scheme. Formula: (pensionable salary × service / 70).
₹15,000
Capped at ₹15,000 unless opted for higher pension.
30 yrs
Monthly pension at age 58
₹6,429
Pensionable salary used: ₹15,000. Min 10 years EPF service required for pension eligibility.
FAQ
Min service for EPS pension?
10 years. Below 10: one-time withdrawal. 10-20: pro-rated. Beyond 20: full formula.
Higher pension scheme — should I opt?
Worth it if final salary > ₹50k AND service > 30 years. Calculation complex; consult EPFO.
Taxable pension?
Yes — fully taxable. Standard deduction ₹50k applicable (₹75k under new regime).