Pension Benefit Calculator

What is the Pension Benefit Calculator?

This pension calculator covers India's three main employee pension schemes. EPS-95 gives private-sector EPF members a pension based on pensionable salary and service.

Central government employees can choose the Unified Pension Scheme (UPS) from April 2025, which assures 50% of average basic pay. Those under the Old Pension Scheme get 50% of last pay, with an option to commute up to 40%.

How to use the Pension Benefit Calculator

1. Pension Scheme (sample: EPS-95 (private sector, via EPFO))
2. Last Basic Pay (₹ per month; EPS: pensionable salary) (sample: 15,000)
3. Years of Service (sample: 25)
4. Dearness Relief (%, government schemes) (sample: 58)
5. Pension Commuted (%, Old Pension Scheme, up to 40) (sample: 40)
6. Press Calculate Pension (results also refresh as you type). The result card shows the Monthly Pension, along with Pensionable salary used, Pensionable service, Eligibility and Formula.

Formula used

EPS pension = Pensionable salary × Pensionable service ÷ 70

• EPS = salary capped at ₹15,000; 2 years added for 20+ years of service; minimum ₹1,000
• UPS = 50% of average basic of the last 12 months for 25+ years, proportionate from 10 years, minimum ₹10,000
• Old Pension Scheme = 50% of last basic pay; commuted value = commuted pension × 12 × 8.194 at 60

Government pensions also receive dearness relief at the prevailing DA rate.

Worked example

These are the sample values already filled in the calculator above, and the result it returns for them:

Tips for using the Pension Benefit Calculator

• EPS pension starts at 58; you can take a reduced pension from 50.
• Commuting pension gives a lump sum now but lowers monthly pension for 15 years.