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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 · Employees can now determine how much they must contribute in order to obtain a higher pension from the Employees' Pension Scheme (EPS). The EPFO higher pension application deadline has been extended by an additional 15 days to July 11, 2023.
27 Ιουν 2023 · The Excel calculator released by the EPFO on the Member Sewa portal will help an employee to know how much of the past contributions he/she has to pay to opt for higher pension. Once the amount is known, it will make easier for him/her to evaluate the pros and cons of opting for it.
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.
26 Ιουν 2023 · The EPFO (or Employees’ Provident Fund Organisation) has launched an excel-based calculator for eligible EPFO employees to calculate the dues that they have to contribute/pay to receive higher pension at the time of retirement.
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.
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.
