The EPS pension amount is calculated using a specific formula: Pension = (Average Salary × Pensionable Service) ÷ 70. The average salary is calculated based on the basic pay plus DA of the last 60 ...
If you are a salaried person and contribute to EPFO every month, then you must know about its Employee Pension Scheme. In common language, it is called EPS. EPS is the scheme through which you get a ...
EPFO: Employees working in the private sector often harbor a fear about financial security in old age. But if your Provident Fund (PF) is being deducted, you don't need to worry. The Employees' ...
Let's calculate the monthly pension from the Employee Pension Scheme (EPS) by an employee drawing a salary of Rs 79,000 with different years of service, 17 years, 28 years, and 33 years, to find out ...