Pension Calculator

Pension = Pensionable Salary × Pensionable Service ÷ 70, the formula used by EPFO's Employees' Pension Scheme (EPS) — a defined-benefit scheme distinct from your EPF savings corpus.

It's generally the average of your basic salary (plus dearness allowance) over a fixed look-back period before exit, not your latest single month's salary.

Yes, EPS applies a ceiling on the salary used in the formula, along with a minimum guaranteed pension floor — both figures are set by EPFO and can be revised, so check the current notified limits rather than assuming a fixed number.

EPF is your own accumulated provident fund corpus (a lump sum); EPS is a separate government-administered pension that pays a fixed monthly amount for life, calculated with this salary-and-service formula rather than compound growth.

EPS pension eligibility generally requires a minimum number of years of pensionable service — enter your actual service period; very short service may be handled differently under the scheme's rules than this formula alone reflects.