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EPS Pension Calculator (Employee Pension Scheme)

Calculate your EPS (Employee Pension Scheme under EPF) monthly pension at retirement.

EPS Monthly Pension Estimator

Average monthly pay, last 60 months (₹)

Total Years of Pensionable Service

Of which, years before 1 Sep 2014

Pension Age

👴 EPS Pension

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Estimated Monthly EPS Pension

EPS Formula: (Pensionable Salary × Pensionable Service) ÷ 70, with pensionable salary capped at ₹6,500 for service before 1 Sep 2014 and ₹15,000 after. Pensionable salary is the average monthly pay over the 60 months before you leave the pension fund (for pension starting on or after 1 Sep 2014). Enter basic + DA wages as recorded for EPF. Source: EPFO Pension Manual and FAQ, pmvbry.epfindia.gov.in. This is an estimate: it does not add the 2-year weightage that the Manual gives members who retire at 58 with 20 or more years of service (so your pension can be higher), does not include past-service benefit or higher-pension options, and uses the Rs 6,500 / Rs 15,000 caps stated in the Manual published in 2025. We have not confirmed whether any later notification changes the ceiling.

EPS Pension Rules

EPS (Employee Pension Scheme) is part of EPF. 8.33% of employer's 12% EPF contribution goes to EPS (on salary capped at ₹15,000). Minimum 10 years service required to claim pension. Pensionable salary is capped at ₹15,000 unless you opted for higher pension under the Supreme Court judgment.

Frequently Asked Questions

Q: Can I draw EPS pension before 58?
A: Early pension from age 50 is possible under the scheme rules, with a reduction of 4% for every year the age falls short of 58, applied as the EPFO Pension Manual describes. This calculator shows the age-58 pension only. Check the exact early-pension amount with EPFO.

Q: Can I withdraw EPS instead of taking pension?
A: If your eligible service is less than 10 years, a withdrawal benefit is paid instead of a pension (the EPFO Pension Manual treats 9 years 6 months or more as 10 years).

EPS (Employee Pension Scheme) India — Complete Guide

India's equivalent of social security is the Employee Pension Scheme (EPS) under EPFO. If you are a salaried employee earning up to ₹15,000 basic salary, 8.33% of your employer's EPF contribution (capped at ₹1,250/month) goes to EPS. This builds your pension entitlement.

Service Years	EPS Factor	Pension Formula
Less than 10 years	—	No pension; withdrawal allowed
10 years or more	Pension	Pensionable Salary × Service ÷ 70
20+ years, retiring at 58	2 years added to pensionable service	EPFO Pension Manual; not applied by this calculator

NPS — Better Pension Alternative

For higher pension amounts, the National Pension System (NPS) is more flexible — you invest in equity and debt, build a larger corpus, and get 40-60% as annuity. Use our NPS Calculator to compare EPS vs NPS pension outcomes.

Can I withdraw EPS money before retirement?

If you leave with less than 10 years of eligible service, a withdrawal benefit is payable (or a scheme certificate if you are under 58), per the EPFO Pension Manual. With 10 or more years you are eligible for a pension instead.