EPF Pension Calculator Online — Calculate Your Monthly EPS Pension
Find your monthly pension under the Employee Pension Scheme (EPS-95) formula.
This free EPF Pension Calculator estimates the gross monthly pension you will receive from your Employee Pension Scheme (EPS) account, using the official formula: pensionable salary multiplied by pensionable service, divided by 70. Just enter your pensionable salary and completed years of eligible service to get an instant result — along with your annual pension and the employer's monthly EPS contribution. Everything runs inside your browser: your details are never stored or shared.
EPF Pension (EPS) Calculator
Statutory cap is ₹15,000 unless you opted for higher pension.
Pensionable (EPS) service years, minimum 1, maximum 45.
EPF Pension Calculation Formula
Monthly Pension = (Pensionable Salary × Pensionable Service) / 70
The formula is simple: your pensionable salary multiplied by your completed pensionable service, divided by 70. Example: (15000 × 30) / 70 = ₹6,429 per month.
Contributions to the Employee Pension Scheme (EPS)
Official reference: epfindia.gov.in (EP_Cal pension page).
The EPS pension is funded from the employer's contribution — it is not deducted from the employee's salary. Here is how the contributions work:
- Male employee: contributes 12% of basic salary + DA to EPF (10% for certain notified establishments).
- Female employee: new female employees may contribute 8% of basic salary for the first 3 years, rising to 10–12% thereafter.
- Employer: matches the contribution at 10–12% of basic salary + DA, of which 8.33% of pensionable salary is diverted to EPS (your pension fund) and the balance goes to the EPF balance.
How the employer's EPS contribution is calculated
15000 × 8.33% = ₹1,250 per month
On the statutory pensionable-salary cap of ₹15,000, ₹1,250 per month goes into your EPS account and the remainder of the employer's 12% share is credited to your EPF balance.
How the employer's 12% contribution is split
Of the employer's 12% contribution on the capped salary:
- 8.33% → EPS (your future monthly pension — no yearly interest; benefits are formula-defined)
- 3.67% → EPF balance (earns the annual interest declared by EPFO, e.g. 8.25% for 2023–24, revised from time to time)
- 0.50% → EDLI (free life-insurance cover for employees)
- Plus EPFO administrative charges as notified.
Note: the EPF part earns yearly interest because contributions accumulate in your account; the EPS part does not — your pension is decided purely by the /70 formula at retirement.
Example: EPF and EPS on a ₹25,000 basic salary
- Employee EPF contribution: 12% × 25,000 = ₹3,000 → credited fully to your EPF account.
- Employer contribution: 12% × 25,000 = ₹3,000. The 8.33% EPS share is computed on the capped salary of ₹15,000 = ₹1,250 → EPS; the remaining ₹1,750 → EPF.
- Total added monthly: ₹7,750 (of which ₹6,500 builds your withdrawable EPF corpus and ₹1,250 builds your pension).
How much goes toward your pension?
The pension is funded only from the employer's 8.33% share. The employee's entire 12% stays in the EPF account (withdrawable as a lump sum). The EPS portion cannot be withdrawn as salary — it converts into your monthly pension at retirement (age 58).
What if my basic salary increases?
Contributions are recalculated on the higher salary from the following month, after the previous month's contribution is paid. Note that for the pension formula, your "pensionable salary" is generally the average of your last 60 months' basic + DA before exit — capped at ₹15,000 unless you exercised the higher-pension option.
Can I withdraw the full amount?
With 10+ years of pensionable service, you receive a monthly pension from age 58. If you exit before 10 years, you may take a one-time withdrawal benefit or keep a scheme certificate. Your EPF balance (your full 12% + employer's 3.67% + interest) can be withdrawn completely at retirement or prolonged unemployment; partial withdrawals are allowed for specific needs such as illness, housing or education.
For more details, please visit the EPFO website: epfindia.gov.in
Frequently Asked Questions (FAQ)
It applies the official EPS-95 formula: Monthly Pension = (Pensionable Salary × Pensionable Service) / 70. For example, with a pensionable salary of 15,000 and 30 years of service: (15000 × 30) / 70 = about ₹6,429 per month.
It is your basic salary + DA, averaged over your last 60 months of service before exit, and capped at ₹15,000 per month under standard rules. Only members who exercised the joint higher-pension option (following the November 2022 Supreme Court ruling) can use an uncapped salary.
On the standard capped salary of ₹15,000, the maximum is ₹7,500 per month (15,000 × 35 / 70, requiring 35 years of service). The minimum monthly pension is ₹1,000 for eligible members. Even if the formula shows a higher figure, the statutory cap applies unless you have higher-pension status.
By law, the employee's full 12% contribution goes to the EPF (provident fund) account, which is withdrawable as a lump sum. Only the employer's 8.33% share funds the EPS pension. So pension and PF corpus grow from two different pots of money.
No. A monthly EPS pension at age 58 requires at least 10 years of pensionable service. With fewer than 10 years, you can take a one-time withdrawal benefit, or obtain a scheme certificate to carry your service forward to a future employer.
You can enter any salary to model the formula, but note the standard scheme caps pensionable salary at ₹15,000. Higher-pension members (those who opted jointly with the employer after the Supreme Court's 4 November 2022 judgment) may use actual salary. When you enter a salary above 15,000, this calculator shows both the raw result and the capped comparison.
Treat it as an estimate. EPFO finalizes your pension from its own records — including past salary breaks, the 60-month average, service gaps and Table-based calculations for members before 1995 or with past benefits. Use your EPFO passbook and annual statement for precision.
EPF is a savings account: your 12% + employer's 3.67% + yearly interest, withdrawable as a lump sum. EPS is a pension scheme: funded only by the employer's 8.33%, paid as a monthly pension after age 58, with no yearly interest — the benefit is defined by the /70 formula.
Yes, from age 50 onwards with at least 10 years of service — but it is an early (reduced) pension: the amount is cut by 4% for every year you claim before 58. So claiming at 55 reduces your pension by roughly 12% for life.
Completely free, with no sign-up and unlimited calculations. Everything runs inside your browser — your salary and service details are never saved, logged or sent to any server. Refreshing the page clears everything.