Explain the process of calculation of pension contribution calculation?
Answers
Answered by
25
Answer:
So, upon applying the formula, (15000 * 35 / 70) = Rs. 7,500 per month is the maximum pension that one can earn through EPS.
Answered by
7
Answer:
Effective from September 1, 2014, the contribution will be made as follows: 8.33% of Rs 15,000 = Rs 1250. Kasturirangan says, "The formula to calculate the EPS pension is as follows: Monthly pension amount= (Pensionable salary X pensionable service) /70."
Similar questions