EPS Pension Calculator India — Employee Pension Scheme 2026

Last updated: 29 April 2026 Reviewed by Deepa Krishnan, CFP

The **Employee Pension Scheme (EPS)** is a pension scheme under EPFO where your employer contributes 8.33% of basic salary (up to a wage ceiling of ₹15,000/month) to build your pension corpus. The monthly pension at retirement = (Pensionable Salary × Pensionable Service) ÷ 70, where pensionable salary is the average of the last 60 months' salary.

Last Basic Salary (₹) Pensionable salary capped at ₹15,000

Years of Eligible Service EPS pension requires minimum 10 years

Monthly EPS Pension —

Annual Pension —

Monthly Employer EPS Contribution —

Total EPS Contributed (Career) —

View Year-by-Year Breakdown

Real-World Examples — 2026

20 years service, ₹15,000 pensionable salary

EPS pension = (15,000 × 20) ÷ 70 = ₹4,286/month (₹51,432/year). This starts at age 58. Total EPS contribution over 20 years: approx ₹3,00,000. A ₹4,286/month pension on ₹3 lakh invested = very attractive long-term return.

Effect of 2 years extra service

30 years service at ₹15,000: pension = ₹6,429/month. 32 years: ₹6,857/month. Every extra year adds ₹214/month pension. Delaying EPF withdrawal to maximise EPS service years is financially smart.

Frequently Asked Questions

How is EPS pension calculated?

EPS pension formula: Monthly Pension = (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable salary = average last 60 months' basic (capped at ₹15,000). Maximum pension (35 years, ₹15,000 salary) = (15,000 × 35) ÷ 70 = ₹7,500/month. Minimum pension is ₹1,000/month.

What is the minimum service required for EPS pension?

Minimum 10 years of eligible service is required for EPS pension. Less than 10 years: you can withdraw the EPS corpus (Scheme Certificate). Between 10–58 years: pension starts at 58. Early pension (age 50–58) possible with 10% reduction per year.

Can I get higher pension under EPS?

The Supreme Court 2022 judgement allowed employees earning above ₹15,000 to contribute to EPS on actual salary. This is the 'Higher Pension' option. Employees who opted by the May 2023 deadline can get significantly higher EPS pension — up to ₹15,000/month or more.

Is the EPS Pension Calculator free?

Yes, completely free on CalcPhi with no registration.

Are my inputs stored?

No. All calculations run in your browser. Your data is never stored.

Is it mobile-friendly?

Yes. Works on all modern smartphones and tablets.