EPS Pension Calculator

The Employees' Pension Scheme, 2026 (EPS 2026) pays a defined monthly pension for life to eligible members of the Employees' Provident Fund Organisation (EPFO), computed by a fixed formula rather than paid out of a personal savings balance. It is funded from a portion of the employer's Provident Fund contribution, not by a separate employee contribution, and it is entirely distinct from the employee's own EPF account.

The Employees' Pension Scheme, 2026 (EPS 2026) was gazetted 29 June 2026 under the Code on Social Security, 2020, superseding the Employees' Pension Scheme, 1995 (EPS 1995) and the Employees' Family Pension Scheme, 1971. The monthly-pension formula and every statutory figure this calculator uses carry over unchanged from EPS 1995 into EPS 2026, so an existing member sees continuity in their numbers, not a surprise change.

The pensionable-salary wage ceiling used in the formula is currently ₹15,000/month and the minimum monthly pension is ₹1,000, both set under the Employees' Pension (Amendment) Scheme, 2014, effective 1 September 2014, and retained unchanged by EPS 2026. Sources were reviewed on 2026-07-22 and confirm both figures unchanged since.

1. Enter your average monthly basic pay plus dearness allowance over the last 60 months before exit — not gross salary or CTC.
2. Enter your total years of pensionable service. The calculator applies the 20-year bonus and the 10-year eligibility check automatically.
3. Choose the standard age (58) option, or the early-pension option to see a separate, reduced figure for starting between 50 and 57.

The calculator first caps your entered salary at the ₹15,000 wage ceiling to get pensionable salary, then adds a 2-year bonus to your entered service if it is 20 years or more, to get pensionable service.

1. Formula pension = pensionable salary × pensionable service ÷ 70.
2. Standard-age pension = the greater of the formula pension and the ₹1,000 minimum, for a member with at least 10 years of pensionable service.
3. If early pension is chosen, that standard-age figure is reduced by 4% for every year the start age falls short of 58.

A member with fewer than 10 years of pensionable service is not eligible for a monthly pension at all — the calculator returns ₹0 and flags ineligibility rather than showing a formula result nobody would actually receive.

Even a member whose actual basic + DA is well above ₹15,000 has their pensionable salary capped at that figure, because EPS contributions themselves are only calculated on wages up to the ceiling. Separately, completing 20 years or more of pensionable service adds a flat 2 years to the service figure used in the formula, regardless of how much beyond 20 years was actually served.

Two separate rules protect a low formula result: the 10-year eligibility floor decides whether any monthly pension is payable at all, and the ₹1,000 minimum-pension floor decides the smallest amount an eligible member can receive at the standard age, however small the formula figure is.

A member can start drawing a pension as early as age 50, in exchange for a 4%-per-year reduction for every year short of the standard age of 58. This reduction is permanent for the life of the pension, not a temporary discount that later corrects itself.

• See how much of your entered salary the pension formula actually uses once the wage ceiling caps it.
• Check whether your service already qualifies for the 20-year bonus, or how many more years would get you there.
• Compare a standard-age pension against an early-pension scenario before deciding when to exit.
• Confirm whether the minimum-pension floor, rather than the formula, would determine your payout.

EPS is not an addition to your EPF contribution — it is carved out of the employer's existing EPF contribution (currently 8.33% of wages up to ₹15,000, plus a 1.16% Central Government top-up on the same capped wages), so having an EPS pension does not reduce your own 12% employee EPF contribution or balance. NPS has no structural link to either scheme — a member can hold EPF/EPS and NPS accounts at the same time.

• Entering gross salary or CTC instead of basic + DA for the salary field.
• Assuming the formula uses your actual salary once it is above the wage ceiling, rather than the capped figure.
• Treating a member with fewer than 10 years of service as entitled to a small formula pension instead of no monthly pension at all.
• Confusing this EPS pension estimate with an EPF balance or NPS corpus projection — they use entirely different mechanics.
• Assuming this calculator includes the post-2022 Supreme Court higher-pension option, which it deliberately does not.

• Confirm your actual pensionable service and last-60-months salary history from your EPFO passbook or Form 3A/6, rather than estimating from memory.
• Check your UAN-linked EPFO records for any earlier withdrawal or scheme-certificate history that could affect continuity of pensionable service.
• If your salary is well above the wage ceiling and you believe you may be eligible for the higher-pension option, consult EPFO directly rather than relying on this calculator.
• Recheck the current wage ceiling and minimum pension against an official EPFO source close to your exit date, since these figures can change.

This calculator does not verify your actual EPFO service record, salary history, or exit date; does not compute the post-2022 Supreme Court higher-pension option; does not compute the separate withdrawal benefit payable below 10 years of pensionable service; and does not model family pension, or disability/widow pension variants of EPS. It also has not independently verified whether EPS 2026's own gazette text renumbers the paragraph 12/12(7) provisions cited in this calculator's sources — see the disclaimer below.