Disclaimer: The calculators are intended solely as indicative tools to assist users in making informed decision. The results generated by these calculators are based on assumptions and input values chosen. Users are advised to exercise their discretion in making any financial decision. For detailed guidance on using these calculators please visit our YouTube channelDisclaimer: The calculators are intended solely as indicative tools to assist users in making informed decision. The results generated by these calculators are based on assumptions and input values chosen. Users are advised to exercise their discretion in making any financial decision. For detailed guidance on using these calculators please visit our YouTube channel

EPS Higher Wages Pension Calculator

Calculate pension for higher wages under EPS

About EPS Higher Wages Pension

The EPS Higher Wages Pension has been allowed subsequent to Hon'ble Supreme Court Judgement dated 04.11.2022. Employees who had contributed on higher wages in EPF during their service and have exercised the option under Para 11(4) of EPS, 1995 in the prescribed timeline are eligible to receive pension based on their actual higher wages instead of the wage ceiling. This option requires submission of a Joint Option by both the employer and employee. This calculator helps estimate your pension benefits based on higher wages. The pension is calculated on pro-rata basis, separate pensions are calculated for service prior to 16.11.1995, between 16.11.1995 & 31.08.2014 and after 31.08.2014. For more details visit our Youtube Channel

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