Understanding the EPFO pension calculation method

The monthly pension for employees under the EPFO's Employees Pension Scheme is determined by their pensionable service duration and their pensionable salary. To find your monthly payout, multiply your pensionable salary by your years of service, then divide the total by 70. For those who have not chosen a higher pension option, the pensionable salary is limited to a maximum of ₹15,000 per month.

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Understanding the EPFO pension calculation method | ShortKT