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I'm 58, Deferred Pensioner. EPFO Won't Calculate My Pension. What Do I Do?

Vipul

Vipul Bhavsar  |86 Answers  |Ask -

Tax Expert - Answered on Apr 04, 2025

Vipul Bhavsar is a chartered accountant from The Institute of Chartered Accountants of India. He has over 16 years of experience in corporate advisory, taxation and financial reporting.
His interest areas are consulting, income tax, GST and due diligence.
He founded his CA firm, V J Bhavsar and Associates, in 2010 through which he offers services like virtual CFO, trademark registrations, company /LLP formation, MIS reporting, audit, tax and TDS compliances, accounts receivable/payable management and payroll processing.... more
Asked by Anonymous - Mar 13, 2025Hindi
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Sr. Deferred. Pension. But. Calculation. By. EPF. Ito. 58. Yrs. I. Hv. Contact. But. They. Are. Not. Listening. What

Ans: Sorry sir, Please explain your query
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |8735 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 16, 2025

Asked by Anonymous - Mar 13, 2025Hindi
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Eps. Calculate. Pension. Up to. 58. Yr. but. I. Contribute. Upstox. 60. Yers. Deferred. What. Should. I. Do
Ans: You are asking about EPS (Employee Pension Scheme) and contributing till age 60, while pension is allowed only up to age 58.

This is a very common confusion.

Pension Under EPS Is Payable From 58 Years
EPS gives monthly pension after 58 years.

You must have completed at least 10 years of service.

From 58 years, you can start monthly pension under EPS.

This is not automatic. You have to apply through your employer or EPFO.

What Happens If You Work Till Age 60?
EPS allows voluntary contribution up to age 60.

This is called deferred pension.

If you delay pension from age 58 to 60, you get a bonus.

Bonus is 4% extra pension for each deferred year.

So, 8% more pension if you start at 60 instead of 58.

What You Should Do
If you plan to work till 60, you can continue EPS till then.

You will contribute 12% EPF as usual. Employer’s share will go to EPF + EPS.

When you retire at 60, apply for Form 10D to start pension.

You will get 8% higher pension than normal.

If You Don’t Want to Wait Till 60
You can still start pension at 58.

Just inform EPFO that you want to begin EPS from 58.

No bonus in that case. But you get pension earlier.

Important Reminders
EPS amount is fixed, based on salary and service years.

EPS is not linked to EPF balance or mutual fund returns.

Maximum EPS pension is usually around Rs 7,500/month, unless you opted for higher pension.

You cannot withdraw EPS corpus — only monthly pension allowed.

What Is “Higher Pension”?
EPFO recently gave an option to opt for higher pension.

That means, full employer contribution (8.33%) goes to EPS, not capped at Rs 15,000 salary.

You must apply before the deadline.

It gives more pension, but reduces EPF balance.

If you haven’t applied for higher pension, your EPS will be based on Rs 15,000 salary cap.

Final Insights
EPS pension starts from 58 years, not automatically. You must apply.

You can defer to 60 for 8% extra pension.

Contribution can continue till 60 if you keep working.

Higher pension option may be useful if your salary was above Rs 15,000 for long.

Talk to your employer’s HR or visit EPFO portal to check your service record and eligibility.

Your next step should be to decide whether you want to defer EPS or not.

Then, plan how to combine EPF, EPS, and other investments for retirement income.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

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Nayagam P

Nayagam P P  |5645 Answers  |Ask -

Career Counsellor - Answered on Jun 02, 2025

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Sir,i am a 12th class student of 2024-25 batch with pcb from chse (odisha state board) . I want to pursue btech cse from IIIT BHUBANESWAR OR NIT ROURKELA. Can i apply for jee mains if i will add only mathematics from nios leading to 2 marksheets ,one from chse containing PCB ,english and statistics and another from nios with only maths.
Ans: With a JEE Main percentile of 93.7 (expected CRL rank ~94,500), admission to CSE in NITs/IIITs via JoSAA/CSAB is unlikely, as top NITs like NIT Trichy (CSE cutoff: ~4,661–9,271) and IIIT Hyderabad (CSE cutoff: ~1,500–6,000) require ranks below 20,000. However, non-CSE branches such as Mechanical and Civil Engineering at NIT Agartala (cutoff: ~180,051) or Electronics and Communication Engineering at IIITDM Jabalpur (ECE cutoff: ~17,195) may become available in later CSAB rounds, although prioritizing these options risks losing current offers. Among existing options, VIT Vellore CSE (93% placement rate, 867+ recruiters like Microsoft/Amazon) offers the strongest industry network and academic rigor, followed by NMIMS Mumbai CSE (prime location, ~90% placements in tech roles). UPES Dehradun (96% placements) and SRM Main Campus (~85% placements) lag in institutional reputation compared to VIT/NMIMS. Prioritize VIT Vellore CSE for optimal career prospects, while monitoring CSAB for niche NIT/IIIT branches as backups and also take into consideration the fee affordability. All the BEST for your Admission & a Prosperous Future!

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