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About this tool
Estimate your monthly EPS-95 pension from pensionable salary and years of service, with early/deferred pension and family pension.
This EPS Pension Calculator estimates the monthly pension payable under the Employees' Pension Scheme, 1995 using EPFO's statutory formula: pensionable salary × pensionable service ÷ 70. It adds the two bonus years granted once you complete 20 years of service, applies the 4% per year reduction for pension drawn before 58 (or the 4% increase for deferring to 59 or 60), and shows the family pension your spouse and children would receive. If your service is under 10 years it switches to the Table D withdrawal benefit instead, because no monthly pension is payable below that threshold.
Open EPS Pension Calculator on AltFTool — it loads instantly in your browser.
Enter the values you already know.
Fine-tune the options to match your scenario.
Read the result and use it in your planning or reporting.
Pensionable salary × pensionable service ÷ 70, plus the 2-year bonus above 20 years of service.
See the pension at 50, 55, 58 and 60 in one table so early versus deferred pension is an informed choice.
Widow/widower pension at 50% and child pension at 25% each are calculated automatically.
Monthly pension = (pensionable salary × pensionable service) ÷ 70. Pensionable salary is the average of the last 60 months of contributory wages, capped at ₹15,000 a month since 1 September 2014 unless a higher-pension option was approved.
You need at least 10 years of eligible service to get a lifelong monthly pension. With less than 10 years you can take a one-time withdrawal benefit under Table D or hold a Scheme Certificate to carry the service forward.
Yes, an early pension can start any time from age 50 once you have 10 years of service, but it is reduced by 4% for every year you draw it before 58. Deferring past 58 raises it by 4% per year up to age 60.
The Government of India has set a minimum EPS-95 pension of ₹1,000 per month for eligible members, so the calculator floors the result at that amount when the formula produces less.
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