EPS से कितनी Pension मिलेगी? | Pension Calculation Formula | Employee Pension Scheme 1995
Вставка
- Опубліковано 10 лис 2022
- EPS or Employee Pension Scheme was introduced in 1995 by making an amendment in Employees' Provident Fund and Miscellaneous Act. The focus of EPS Scheme is to provide monthly benefit for superannuation/retirement, disability, survivor, widow(er) and children.
The formula used for calculation of Monthly pension under EPS has been explained in this video. If your Employer contributes towards Employee Pension Scheme, you will be eligible to get the pension once you reach the retirement age.
Must Watch
➡️ EPFO Pension Scheme Update 2022 - • EPFO Pension Scheme Up...
➡️ EPFO Pension Scheme Judgement 2022 - • EPFO Pension Scheme Ju...
----------
✅ If you liked this video, consider Subscribing my Channel - bit.ly/EPMsub
✅ If you want to Connect with Me - bit.ly/EPMContact
Please Share and Support.
----------
EPFO Supreme Court Judgement - main.sci.gov.in/supremecourt/...
EPFO 2014 Amendment - www.epfindia.gov.in/site_docs...
EPFO Website Link - www.epfindia.gov.in/site_en/i...
EPF Passbook Login - passbook.epfindia.gov.in/Memb...
My Recording Setup
🛒 Camera - amzn.to/3SussJY
🛒 Microphone 1- amzn.to/3oNm1Uw
🛒 Microphone 2- amzn.to/3oKaqWv
🛒 Light 1 - amzn.to/3vwWNxF
🛒 Light 2 - amzn.to/3bnubzT
🛒 Mobile - amzn.to/3PRm2Tf
🛒 Camera Stand - amzn.to/3JpJDbb
🛒 Monitor Stand - amzn.to/3BzlPjd
🛒 Drawing Tablet - amzn.to/3ByVKRv
🛒 BEST Amazon Deals - www.amazon.in/shop/everypaisa...
🛒 My Recommendations - www.amazon.in/shop/everypaisa...
Books I Recommend
📖 The Psychology of Money - amzn.to/3Q9KLSC
📖 Rich Dad Poor Dad - amzn.to/3BzPGs7
📖 Atomic Habits - amzn.to/3Bv8oRz
📖 Think and Grow Rich - amzn.to/3e830Xx (English)
👬INSTAGRAM: / everypaisamatters
👬TWITTER: / evrypaisamatter
📺 HELPFUL Playlists - bit.ly/EPMPlaylists
📺 PENSION PLANS - bit.ly/EPMPensionPlans
📺 INSURANCE PLANS - bit.ly/EPMInsurancePlans
📺 INVESTMENT PLANNING - bit.ly/EPMInvestmentPlanning
📺 TAX PLANNING - bit.ly/EPMTaxPlanning
📺 GUARANTEED RETURNS - bit.ly/EPMGuaranteedReturnsPlan
----------
All videos/comments and all other forms of communication are for educational purposes only and should NOT be considered INVESTMENT ADVICE. Any individual shall NOT be held liable for any loss suffered in any form by a student/UA-cam viewer/member of the public. Any information provided through our videos/classes/comments/social media posts or any other form must NOT be considered Investment advice.
Some contents are used for educational purpose under fair use. Copyright Disclaimer under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
Category - Education
#everypaisamatters
सर, पेंशन की सारी बातें ठीक हैं, लेकिन epfo अभी तक higher pension के बारे में कुछ भी नहीं कर रहा, हम लोग सिर्फ इंतज़ार ही कर रहे हैं, कृपया आप इस बारे में भी कुछ बताएँ।
Thanks to you.....aapka batane ka dhung avha hai....god bless you always
Thank you sir
Aap ne bilkul sahi sahi bataya hai..
Thanks for informative video and without wasting time exactly you are giving the idea once again thanks
Dear Amitji, till date there is no format from EPFO for calculating the revised pension and amount accordingly to be paid to EPFO since I got retired in 2017 What are the formats for giving option as so far nothing has come out Please clarify whether Form 3A will be sufficient for getting joint signatures for the entire service
Sir.. I joined EPF in 2012 and at that time my Basic was below 15000 and but in 2017 my basic salary exceed at 15000. Can I now opt for this higher pension option.. please reply
Very Systematically Way of approach. Very Briefly explain. This is called right approach. 🙏🙏.
Thanks for your reply. I got retired in 2017 getting a minimum pension But now as per SC order in my case how much I have to pay for the average salary ( Basic Pay) for 60months how much I have to repay to EPFO with interest for getting higher pension. In our company the salary is just like that that is Basic Pay + other allowances +HRA Hence I think I should take only BP for a period of 60 months as there is no DA in pay and it is other allowances. Please clarify as how much I need to pay to EPFO since my retirement
Dear Amit ji, Well explained. Thanks for such a useful video.
But there are still some doubts about the pension calculation, as in the case of my nephew. As per his PPO, his Pensionable Salary is Rs 14137, his Pensionable Service is 11 years 11 months 4 Days, and his Pension Amount as per his PPO is Rs 1533.
But as per your video/ calculation Pension Amount should be Rs. Rs 2407. Could you please explain why this difference??
If an employer of a person retired in 2022 has already contributed overall 12℅ (8.33 percent to EPF and 3.67 precent to EPS) can still get higher pension as corresponding higher contribution is already being done by employer in EPF. Please suggest if the employee is eligible for any additional pension.
Please make more videos on PF withdrawal process. We face big problems regarding PF withdrawal & transfer during our job change in corporate
Sir below 9.5 Year service that Pension value amount which showing in EPFO passbook that amount will be get during final settlement.
Sir, can I rejoin after my government job requirements, I get the monthly pf pension. And I want to join another government job, then my pf monthly pension will start or not?
Accha meri ak question hain kab pension double hota Hain agar after 15 years of retirement main kya main thik samaste nahi pls explain kar dijiye
Sir mai HCl company se October 2023 me retirement hu kya mujhe yeh form bharna chaiye agar bharna chaiye to kitni pension milegi or pf kya milega...
Mera 1995 se pension me paisa ja raha h aur July 2025 ko Mera retirement h Mera pensiable salary 15000 h almost 10 Saal se to mujhe retirement ke time kitna pension milega
simply wonderful explanation seen on youtube....all doubts are clear .....I will now share your channel
very nice information has been given by you please.
Amit sir...if a person has completed 20 years of pensionable service and his age is 43 years and he has opted for voluntary retirement...then how his eps is calculated? Kya usko 58 years se hi pension milega ya fir usko jaldi mil sakta hai? And. And can he withdraw the eps amount along with pf at the time of retirement which is let's say 44 years of age?
sir agr mera 2001 me basic 7000 tha kyaa main pension ke liy apply kr skty hai kyaaa main basic increase krke kuch amount add krke higher pension k liy apply kr skti hu
Finely explained, thank you.
(Smile please!)
Sir Kya 60years ke baad EPS ka total value AC mein Milega ya only pension milega ya dono milega ? Kripaya bataye.
I have applied for higher epf95 pension , what is the calculation as per Supreme Court judgement. Now it is found after feb24 epf is calculating on pro rata basis. Before feb24 few of my colleagues are getting pension on calculation of 60 months average salary. So give actual calculations.
I have got my Retirement on ,oct.2012.my one yr avg.salary got to be 40k.What would be my pension & how much amount i have to return to EPFO,in the context.
The formula to calculate monthly pension is (pensionable salary x pensionable service)/70 is applied for employee who joined EPS 95 after 1st September 2024 and in that case pensionable salary is equal to last 60 months average salary but for any employee who joined the EPS before 1st September, the pensionable salary is calculated on pro-rata basis. This is mentioned in EPS rule just below the formula. That means for period before 1st Sept 2014 maximum pensionable is 6500 and after 1st sept 2014 the maximum pensionable salary is 15000. Due to hidden pro-rata clause in calculation of monthly pension of EPS the amount is less than the amount derived from pension formula, there are many examples of this case in our intuition. Can any one comment on the clause pro-rate basis of calculating pensionable salary for higher pension will be affected for the employee who join EPS before 1st Sept 2014.
Sir, Can you clarify about the four month window for withdrawal of pension amount on actual salary, When can one open that window to update?
Dear Sir, If some one get higher salary in earlier stage of job e.g= 100000 and unfortunately before retirement his basic salary reduced up to 50000.
In this case what will be the pensionable salary as his earlier basic was more and ending basic is less.
Same condition can be applied if some one loose job before the age of 50 with higher salary e.g=100000.and then he joint in other organizations and then his basic salary is 50000.
Then in this case what will the eps calculation .he will get 2 pensions in 2 different eps account or the pensionable salary will be merged ( but condition is his earlier basic was higher than the last 5 years basic).
ppf exit date dete time supernnuation option diya tha
Ab ppf withdwral keise hoga sir
Sir, if i am plan to early exit / retired from my job, what is the calculation for my pension in the new scheme
My company deducts money for EPS my salary is more than 60k in hand so will I get EPS or not
Sabhi prakar ki service kya hota hai past service, actual service, eligible service and pensionable service?
Sir can you help me in calculation, my father bate of birth is 1957 joining date 1983(mnc) and he compited his 58 years in 2015, and he retired from company in 2017, he has paid EPF on his full wages, basic plus DA, in 2017 he paid 12.5% on 32000rs , due to some reason he hasn't withdrawal pf and not started pension yet, know he will, how much amount he has to transfer EPF to EPS account, to get higher pension any calculation plz reply🙏
My average (60 months) pensionable salary is ₹62000 and years of pensionable service is 22+2=24. Retired on June 2017(58years). Will I get pension according to formula or pro rata basis. What is Supreme court's stand regarding this.pl reply.
Sir Jo 2020 me hi retire ho chuka hai uska bhi pension badhega Supreme Court ke order ke baad Jo aaya hai
Sir, Do we get dearness relief on pension time to time ?
I have worked in a semi govt company for22service as a asstmanegerin nov1997company was given VRS to all the employees thenit was closed stillnow.now iwhat eps95,or epfo pension i will get how much Rupees.
Sir I have retired on 2019
Do I get arrears from 2019 till now?
It’s depended on avg basic of last 5 years or contribution amount . If the employee has not contributed much but his basic is more then he will get as per basic .
Sir ,can any institution stop contribution to EPF of employee after he or she attains age 60 .but still working there.
What is basis for service period. Is it calculated from the dt.of joining ie.1970
Or 16.11.95 ie.amendment under epf95 scheme since i retired in 2002.pl clarify.My last salary drawn was 11,650/_.Tks.
11650×32÷70=?
Sir mere father ki epfo mein 15 years se contribution Kar rahe hai 2006 se now 2023 hai uski pension kitni lggegi
Higher pension aply karte wakq "NO DETAIN FOUND AGAIST UAN" bata raha hai solution batavo🙏🙏🙏
I have retired from Mother DAiry on 2011 and now I am getting epf pension approx. 2014/- per month can I get more pension ?
As per new updation of pension scheme for senior citizen by the present govt. how much pension i can get on not?
Sir, I had been engaged as nmr. Since 01.05.1985 & then work-charg upto 31.03.2024 continuously years of service under DOWR, Odisha and last salary ₹39600,which amount pension I will draw as epf pension?
I am Central govt employee sector bsnl
Meri retirement 60 age complete hone pe hoti h to meri pension 55 to 60 k 5 sal ka average count hoga ya 53 to 58 k 5 sal ka average count kroge
Pension k liye...?
Your straight forward information is praise worthy.
Thank you .
One example of the differential amount to be deposited for getting higher pension should have been added Sir. I have heard... amount above 1250 since beginning of service to be borne by pensioners. Is it true??
Hi sir,
My father worked for 27 years and he is retired now. He is 67 years of age but he hasn't withdrawn any pension amount.. is it possible for him to withdraw full pension amount?
My employment has gap periods,so how time duration will be calculated??
Sir i want to know.. Epfo account hai.. Unki 2020 mai ofc mai tbiyt khrb ho gai thi.. Uske baad unhe ussi waqt paralyzed ho gya tha.. Wo ab disable hai 2yr se job bhi nhi jaa pate.. So hume btya tha ki unko desiable pension mil skti hai.. Epfo se.. Please tell me aisa ho skta hai ya nhi.. Unki shadi nhi hui hai.. Or mujhe jada knowledge nhi hai unke ofc wale bhi kuch btate nhi hai sir.. Hum log bht preshan hai.. Please help me🙏
namaskar sir .year 2014 se pehle retired hua he aur 20 saal kam hoga to kitna pension milenga.
Sir mera uan number last 10 year se same hai but 10 sal ke bich 4 company change Kia hu . To mujhe pension kese milega
Sir mai November 2021.me retired hua.meri last salary Rs.85000/-par month thi mera pension abhi 3772/-tay kiya hai meri service 24Years ki hai 1995.ke baad meri joining date 1-6-1987.hai aapki mutabi meri pension sahi hai please bataye
Dear Sir - Please be informed that just now I have attained the age of 58 years and want to get pension under EPS Scheme 1995. I have worked in a company for nearly 28 years since April1990 where by basic is consistently increasing from Rs.2000.00 to Rs.59150.00 at the time of leaving(February2018). Due to unavoidable circumstances I have worked in a smaller company for about 11 months(Aug'19 to June'20) having basic only Rs.13250.00, however other components of take home salary is more. What will be my pension? Is it mandatory to transfer PF & pension of previous company to last company for getting pension under EPS Scheme 1995(I have worked in two companies only i.e. first company for 28 years and second company for 10 months). Waiting for your reply.
Which form to be filled to get higher pension ? Please provide
🙏amit ji, Honsc ki order per option circular epfo nahi dey hi, per viedo doo, 4 months waiting going to near. Wait
Hi amit ji muje abhi abhi naya job mila hai mai 4 saal se kaam kar raha hu and i have worked for 4 companies but the new company i am joining is asking for pf account number
And there are two questions asked 1)wether you are a member of pf act 1952 (yes or no)
2) whether earlier a member of employee pension scheme 1995 (yes / no)
Usme kya kya applicable hai muje kindly help me as reply is urgent.
Thanks in advance.
Mera papa ka age hai 60 years 2 month to agar mai 60 years may 10d claim karu to 58 - 60 = jo 2 years say maina kohi pension nahi uthaia woh total 2 years ka due pension milega Yeh nahi.
Thanks sir
Salary amount kon si considered ki jati hai , basic salary , total salary , in hand salary , gross salary
How apply for pension
Me sevice is 10 year and age 58 year.
Apply karne ke lie on line link bhejo sir ya vedeo
Pensionable salary will basic or CTC?
Mera pita ji ka omer is sal 58 hoga 2023 January
Unka 2012 sa eps ha
Magar 2014 ka pura sal nahi ha 5 mhina ha
Or kuch. Sal 2016 10 mhaini ha
Kia onko pensen mila ga
2023 tak 109 mhina ho rha ha eps contibustion
Or abhi tak come kar rha ha
20 years passed glgor my EPS ac I do not have UAN no , I can not get ac statement, what to do
irrespective of the said formula, is the minimum pension 7500 or not
I have worked at Mysore kirloskar harihar .This company had closed in 2000. Now iam getting 858 rupees only.my basic +Da was 6500 when company had closed.my humble request is can get more pension please inform us.
Sir m meri Umar sal hone ka hai mere BF mein 17 sal ki service hai pension nahi mil rahi hai form submit ho raha hai
मैं 58की उम्र में 10साल का योगदान नहीं कर पाया लेकिन PF आज़ तक कट रहा है उम्र 63 की हो गई तो क्या
पेंशन योजना का लाभ मिलेगा?
I worked with private sector from 2010-2022…can I transfer pension to my bank account?
If EPS 95 contribution is 1800
Per month
From that Eps 95 contribution is 1250 per month for last five year and
Length of Service 32 year what will be the pension amount for private company employees
Sir..
My father is no more.
And my mother is dependent..
Can she apply for higher pension form..
And how?
I retired on Oct.2005 and drawing my pension Rs.1303/- in future What will be my pension in future . I served from 15March 1979.
Whether epf pension will get with arrears?
What about disability pensi on
Is there .any enhancement of EPF pension after 65 70 75years.
CRPF se 10year service karke CRPP se discharge leya hai kitna pension milega nps thor 750000 jambhai hai nps mai
Sir I worked in private sector for more than 5 years but since March 21 I joined govt job then what should I do with my EPF money please help
Please reply
Which one best sir EPF or EPS SIR?
Sir ,retention amount means which amount?Can this amount is include for pension calculation?
Last 5 years salary means basic+Da or only basic?
Pension ke liye 10 sal ek hi company me kab karna hota hai ya 10 sal me 20 company me bhi kam karne par pension milega
Does the pension stop after the age of 80 years?
Can i get Eps 95 pension and old age pension both at the same time ???
Pension 58 year baad milna suru ho Jay toh kitne years Tak milega?
Very useful, thanks
Glad it was helpful!
सर मै RPM मे 12 साल सर्वीस किया 51 yrs me vrs लीया तो मूझे सीर्फ 809 रु पेन्शन मिलती है मै 2012 मे VRS लिया
I had my retirement on 31st December 2002 at that time my total salary was Rs 10500
Since 2007 i am getting my pension of Rs 810 now'i cimi
Sir, can you advise action can be taken on employer who are not able put pension claim because of their mistake. They were contributing on closed pension number. closed
I am eligible for pension and retired in 2018 but not getting the pension still date and retired from private organisation..I need a person/Agency who can apply my pension through on line.
Dear Sir,
What is pension for death employees spouse while he is in service
If you take pension at the age of 60 yesrs instead of 58 years then you will get 8% more pension than the amount for 58 years completing 10 years service.I am getting the same.
15000 × 30 years × 8% returns = 1835000
After retirement at 8% every month 12000 withdrawal up to 30 years.
After 30 years you got 14 lakh return.
So what we do?
retention amount ? how we should understand
My retirement date is 31/12/2032 & i go to EPS 95 will it be good or bad
Maine 12 salon me Kai bar copany change Kiya hai to kya mujhe pension milega
मेरे फादर 2006 चे मे रिटायर हुये थे उसकी बाद उनको पेन्शन मिलना चालू हो गया अभी वो 2018 मे गुजर गये और मेरी माँ को 50% मिलती है क्या मै मेरी मा को अभी हायर पेन्शन मिलेगी क्या ? उसके लिए कुछ एक्स्ट्रा पैसा भरणा पडेगा क्या ? कृपया मदत करे
I have been retired during 2008 my pension is₹ 1746/-only now in higher pension sceme how much pension will fix pl explain
Epf vrs pension 975 rupes 50salka😢 meltaha dusar a c may20sal kamkarhaa ketana pension melaga
Continued ..from my earlier comment. As per your calculation, the Pension Amount comes to Rs 2405. There is a difference of Rs 872. Could you please explain the difference? Thanks.
Good video. If we opt for new scheme and contribute for 3 years then also it would calculate average salary for 5 years. Asking because we contributed 15000 only for initial 2 years
Hi Amit...recently Supreme court provided a ruling regarding EPFO pension relief but there is a lot of ambiguity around the topic as to which set of employees would benefit from this ruling. Could you please throw some light on whether employees who were part of EPS before 2014 and did not opt for higher contribution towards EPS then, can do so now in the 4 month window provided by the honourable Supreme court.
I have already created 2 videos on it. Please watch them on channel.
I think time has not come to reach for any decision wherein a lot of controversy is seen.
Neither it's cleared from SC nor govt is interested to abide .
So, i have a doubt against different source of predictions wherein no solid evidence is proved or surved by authority.
@@EveryPaisaMatters I calculated that for 1250 every month for 35 years at 8.5% I will generate around 32.5lakhs. pension will be max 7500 from 58 age, so I will always be in a great loss right?
Service duration alag alag company ke milakar 10 years ho to Pension ke liye eligible he ya nahi. Please send answer
@@hasmukhbaria4772 eligible hain
Sir, from where is the maximum pensionable service duration of 35yrs taken from...coz I couldn't find this in the EPS 95 scheme. Are there any underlying rules that prescribe the maximum service duration? If so where can I find them? The EPFO portal only has the Act and Manual....
Read the act and manual.
Help please 🙏
Q1. If any one retired on 01 Feb 2023 so can avail the higher pension scheme and he/she not opted higher pension tick that time application form please update the procedures how he/she avail the benefits.
Q2. Currently Any more deduction from salary if we avail the benefits for higher salary .