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27 Ιουν 2023 · The Employees’ Provident Fund Organisation (EPFO) has finally released an Excel-based calculator for employees who want to opt for a higher pension from the Employees’ Pension Scheme (EPS).
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- How to download EPFO’s Excel calculator for higher EPS pension
The Employees' Provident Fund Organisation (EPFO) has...
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An EPF pension calculator excel uses the following formula to calculate your pension amount: Pension amount = (pensionable salary * years of service) / 70. Here, pensionable salary is your average monthly salary of the last 12 months, and years of service is the number of years you have contributed to the EPF scheme.
28 Ιουν 2023 · The Employees' Provident Fund Organisation (EPFO) has released an Excel utility-based calculator to estimate dues that one must pay from their EPF balance or their own savings if necessary. Employees can now determine how much they must contribute in order to obtain a higher pension from the Employees' Pension Scheme (EPS).
29 Ιουλ 2024 · The formula for calculating EPF higher pension is as follows: Monthly pension amount = (Pensionable salary X pensionable service)/70. The EPF will soon issue a circular showing the mode of calculating higher pensions.
14 Ιουν 2023 · Currently, the formula for calculating pension under the EPS scheme is as follows = (Average Salary of last 60 months X Service Period) divided by 70. At present, the EPS pension calculation is based on the statutory wage ceiling of Rs 15,000 only and not the actual salary.
27 Φεβ 2023 · EPFO Higher Pension Calculation Formula 2023: Employees, who have been EPF members from before 1st September 2014, will get an option to contribute 8.33% of their actual Basic+DA payments...
The free EPS pension calculator collects employer's contribution towards EPF and EPS which can be found on your EPFO Passbook to determine the accumulated employer contribution.
