Pension

shailesh pandey (Querist) 03 February 2014 This query is : Resolved
Dear Sirs,
Formula = pensionable salary x service year worked / 70(6500 x 15 /70 ) =Rs1392/-
kindly advice that for maximum benefit of pension can we do as below:-
We start to deduct p.f from my salary of Rs.25000 @ 12% (though employer will pay only 541)then average two years salay will be calculated on 25000/- at the age of 58 I can avail Rs 5357/- as pension
Is it O.K. are LEgal
regards
shailesh

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Kumar Doab (Expert) 03 February 2014
This seems to be for your academic interest.

Still you may calculate yourself at epfo website:

http://www.epfkerala.in/calcpenwb.html

http://www.epfindia.nic.in/Circulars/PensionCalculationMadeEasy.pdf