EPS Pension Calculator
Enter your last-60-months average Basic + DA and service years to estimate your lifelong monthly EPS pension.
Runs entirely in your browser — your numbers never leave this page.
How it works
Your EPS pension comes from a fixed EPFO formula — two numbers decide everything:
- Pensionable salary: the average of your monthly Basic + DA over the last 60 months before you exit — not your career average, not your last drawn salary. Capped at the wage ceiling.
- Pensionable service: total years under EPS. 6+ months rounds up to a full year, and 20+ years of service earns a 2-year bonus.
- The formula: Monthly pension = (Pensionable Salary × Pensionable Service) ÷ 70.
- The ₹25,000 ceiling: raised from ₹15,000 on 17 Sep 2026. Because only the last 60 months count, the hike helps younger members most — someone retiring soon spent most of their final five years under the old cap.
- Early pension: you can start at 50, but lose 4% for every year before 58. Deferring past 58 adds nothing extra.
- Minimum 10 years of service for a monthly pension; below that you get a lump-sum withdrawal benefit instead.
Frequently asked questions
What is the EPS pension formula?
Monthly Pension = (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable salary is the average Basic + DA of the last 60 months, capped at the wage ceiling.
What is the current EPS wage ceiling?
₹25,000 per month from 17 September 2026 (raised from ₹15,000). Only salary up to this cap counts toward your pension.
How many years of service do I need for EPS pension?
Minimum 10 years of contributory service. Below 10 years you get a withdrawal benefit, not a monthly pension.
Does my whole career salary average count?
No — only the average of the last 60 months (5 years) before exit. Your final five years matter far more than the earlier ones.
Can I start my EPS pension before 58?
Yes, from age 50 — but the pension is reduced by 4% for every year before 58. Starting at 55 means a 12% cut.
What is the 2-year service bonus?
Members retiring with 20+ years of pensionable service get 2 extra years added to the service component of the formula.
What is the minimum EPS pension?
₹1,000 per month is guaranteed. If the formula gives less, you still receive ₹1,000.
Does the higher-pension option change this?
Yes — members who opted (with employer consent) for pension on actual salary use their real salary instead of the ceiling, giving a much larger pension but a smaller EPF lump sum.
What happens to EPS if I change jobs?
Your service transfers with a Scheme Certificate (Form 10C). Keep accumulating across employers to cross the 10-year mark.
Is EPS pension taxable?
Yes — EPS pension is taxed as salary income under ‘Income from Salary’ in the year you receive it.