Detailed EPF Higher Pension Excel Calculation - Good or Bad Calculator | EPS Scheme Latest News

[@daviemanuel688]

I wasn't financially free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!Very inspiring! I love this

[@MajorCockbern]

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in.I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

[@MajorCockbern]

@@daviemanuel688 That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

[@GopalRS]

Thanks! This is how my employer should've presented the information. While I'm not a subscriber, please keep up these videos and accept this small token of gratitude.

[@EveryPaisaMatters]

Gopal Ji, appreciate your comments and the gratitude shown. I have found big gap when people complicate information which can be easily shared and have tried to do a small part that I thought I am capable of. 🙏

[@shankarduttjoshiAlmora]

फायदा थोड़ा बहुत होगा सर, पर MP, MLA, स्वतंत्रता संग्राम सेनानी, राज्य आंदोलन कारी जितना फायदा तो नही होगा, हाँ इतना अवश्य है कि विकलांग, विधवा पेंसन, बुढापा पेंसन जितनी मिल जायेगी,

[@EveryPaisaMatters]

✅ अगर Video पसंद आया तो Subscribe ज़रूर करें - bit.ly/EPMsub ✅ Want to learn "How to calculate Returns of any Pension Plan?" - everypaisamatters.graphy.com/ 🗒️Link of Excel - everypaisamatters.com/eps-switch-high-pension-or-not/

[@muralikishorekumar7498]

Sir, with in 5 or 6 yrs we get our money bk from EPFO,in higher option, after that how epfo can arrange that much huge pension to every retiree, family pensioners . No fund manager/financier can generate money like this. Some control mechanism they impose definitely by govt now or in future. I am not question ur calculation. But govt /epfo practically not able to adjust amt/pension as per our present calculation i think.Tq.

[@EveryPaisaMatters]

@@muralikishorekumar7498 That even I dont know. Pta nahinkya hone wala hai.

[@gauthamre]

The excel sheet models from April 2014. What about the years of service before April 2014?

[@TheNitinsheth]

I have watched few videos made by you on this subject, you brought good clarity on this subject. I have downloaded calculator to know my contribution, however have some questions about actual pension to be paid. 1. I worked during Sept’83 to May’21 and superannuated after reaching age 60 yrs. Hence as per EPS service period is 36 yrs (1983-2019) 2. As per revised pension, I need to contribute Employer share + Interest paid by EPF + Interest paid during May’21 till date. 3. Hence my question are a) whether service period to calculate new pension is considered from Nov’95 or from Nov’93(those day PF deductions were made after 2 months of service) b) whether 2 yrs will be added to 36 yrs to calculate pensionable salary c) whether this pension is over above current pension received or it will be replacing current pension

[@TheNitinsheth]

Pls read Nov’83 instead of Nov’93 in point a)

[@EveryPaisaMatters]

Actual Pension formula may get changed. More clarity will come from EPFO in future.

[@surajsharma7178]

This is really useful video and only fruitful content was there. One question- if I became member of EPFO in the year 2017 then this amendment is applied for me ??? Second question- In the year 2017, when I was first time became member of EPFO then employer also deposited pension part of 3.67% up to maximum cap Rs. 1250.00. But some people are guide me that employer did wrong head of deposit since pension is not applicable for employees who became member of EPFO after 2014. So what exactly should be happen ??? If you require more input from me for better answer then let me know

[@sharmanrm]

Really wonderful way of presenting Pls share excel sheet I m to decide my option immediately as my pension is due from next month

[@EveryPaisaMatters]

Excel sheet is just an example. There is no concrete way of getting finalized amount for submission or pension. Still interested, then please visit my website EveryPaisaMatters.com

[@zee4shans]

Very Nice explanation with examples. Thank you Sir.

[@gauthamre]

It's a very good explanation, Thank you for making it. I have downloaded the excel sheet too, and it is quite useful. One question, The lumpsum PF is not taxable , where as pension is taxable , how does it change the scenario?

[@pradeephatgaonkar2512]

Good video. Details explained nicely. How can I download the Excel sheet to check my personal pension calculation and comparative study

[@EveryPaisaMatters]

Excel sheet is only an example. Its available on my website which you can search on Google

[@nalinijayanthijayanthi732]

In my opinion we cannot believe EPFO as they stop pension as and when they want. So atleast FD is better for people who retired before 2014 100%. And upto 2020. As these people have saved money pai to pai. Nowadays salary itself is huge compared to today's salaries

[@ahujasaurabh1]

Hi, I did not opt for a higher pension earlier. Can I do it now?

[@rfssfvbh]

Sir , How much minimum service year needed to avail epfo pension? If I resign without reason then when will pension start?

[@narasimhamvuppala9519]

Sir, excellent explanation. small clarification is required. Approximately in how many days is the employee share i.e., EPF accumulated amount will be given to the concerned employee as soon as he retired?

[@sharadsonawane8182]

Very nice video. I will surely opt this option.

[@narayansahu12579]

बहुत ही जानकारी प्रद वीडियो ।। धन्यवाद आज के तिथि में हायर पेंशन ऑप्ट करने पर सितम्बर 2014 से अब तक eps के अंतर राशि जो पहले 1250₹ था अब 1लाख की सैलरी पर 8330₹ होगा हमारे pf खाते से काटकर eps में जमा किया जायेगा या सिर्फ पिछले 6माह का काटा जाएगा। न्यूनतम उम्र कितनी होनी चाहिए पेंशन प्राप्त करने के लिए। कृपया इसकी भी जानकारी देवे।

[@EveryPaisaMatters]

58 years

[@narayansahu12579]

Incase of voluntary retirement

[@EveryPaisaMatters]

@@narayansahu12579 You get discounted amounts. Check details on the link of EPS scheme

[@phanikumar2373]

How can I download the xls...can't access from description link

[@EveryPaisaMatters]

everypaisamatters.com/eps-switch-high-pension-or-not/

[@dhiru157]

You are missing a big point: 'TAX', the lump-sump amount from pf is tax exempt but the monthly salary will attract income tax of 30%. please add this in your excel sheet and then recalculate the difference between the two.

[@EveryPaisaMatters]

Its a valid point and discussed many times previously. People need to know about the taxation and taxation varies from person to person.

[@t0am1tvats]

Amazing video, but in private job what happens if someone has to take a gap of 1 year in employment ? Or the salary gets reduced in the final 5 years? Because in private jobs the salary growth is not linear.

[@satbalak]

This is really a fantastic video! I am now going to play around with the excel sheet ... Thank you very much Amit ji!

[@satbalak]

I played around with an excel of my own with my actual data ... If I were to buy pension plan with the additional money in the Employer PF account, then I would get about half of what I would get if I go for Higher Pension scheme ... If the objective is to invest a portion of the PF amount in a pension plan, then I would think it is better to go for Higher Pension because I doubt there is any pension plan in the market that is as good as EPS ... My only doubt is how will the EPF actually do the calculations?? It is not easy at all considering computerized data is available only for the last 12-13 years ... Either way, I think you did a fantastic job of explaining this in great detail, Heartfelt thanks!

[@joythomas3517]

Pls help where you found the excel sheet to download

[@banishi51]

Very nice. Good analysis. Thanks

[@ramkishansingh2549]

EPS 95 me pension apply karne ki 3 March 2023 k bad ki agli date kab take hai.

[@poojavishnoi7879]

Sir, How to download the excel you are using in your video?

[@rahulagrawal5301]

Thanks for sharing the information, you have taken almost all points calculations. I would like to do some calculations on my own, can you please share the path of the Excel sheet.

[@EveryPaisaMatters]

check it on my website which is same name as my youtube channel

[@deepakbhardwaj1037]

Thanks a lot for this knowledge

[@jasvindernayyar2364]

Great Sir, very simply you explain this. 🙏 Please share the XLS file link .

[@amannema]

When we change the organisation and transfer the PF the pension will transfer or not?

[@anilpaspnurwar3710]

Sir, I need this excel sheet for calculations of my Pension, opt or not opt

[@itemetanmay]

Good explanation. I have subscribed your channel. My question, in case a person voluntarily retires at the age of 53 than for last 60 months, which Salary will be calculated for Pensionable salary. it will be calculated from the retirement age of 58 or from actual voluntarily retirement age of 53 ?

[@ashoksahoo8994]

nice video. thanks for your effort and thanks for sharing

[@anuradhatrivedi4315]

Thanks you Sir for the very lucid explanation, one question, should the calculation of the difference start from 1 Oct 2014 when the limit became 15.000 or should it start historically from the start of membership to EPS.

[@EveryPaisaMatters]

No. it will start from EPS membership start date.

[@jayramtiwari]

Superb Video Amazing Sir. Thanks for this Video.❤

[@ajaypaliwal7871]

Sir It is wonderful u explained the very complicated issue in a very simple way How I can download excel sheet how much I have to pay Overall ery good

[@vikasagarwal7720]

Please.share the excel for cost benefit analysis

[@dhirendathakur4029]

Pension ka arear ka adjustment hoga or not

[@phunchognamgial1622]

Excellent video When I joined the service in year 1997 I was drwaing BP &IDA around 3500 and today I am drwaing around 93000 and I am retiring in 2029 Should I opt or not please suggest In case I go for OPT how much I may get the pension

[@EveryPaisaMatters]

Watch my latest videos

[@ramakrishnans6667]

I am already retired but still by pension is not yet started. I have applied My experience is starting from 1985 in my case according to your explantion, now I need to pay the difference amount to PF office and I get the pension on higher basis, is it correct

[@rajeshnagre9778]

Thankyou very much for giving us good calculation but my answer is what about eps 95 corpus. All corpus is given to nominee after both pensioner is no more or government ceased the corpus.

[@hemantpatel7593]

Sir gsrtc retired employer abhi pension 1200 Rs mil rhi he to ye form bhar skte he ki nahi retired ke 14 saal ho chuke he...so plz reply....

[@caanitabhadra9138]

Well explained & covered all the points. Small clarification is requested - maximum 35 years includes 2 years bonus period or it will be on and above 35 years. The second observation increment rate ( especially for PSUs and Govt Job ) is around 3 % only. Even if we consider promotions , it won't go 10% / 20%. Regards.

[@EveryPaisaMatters]

Maximum 35 years (including 2 years).

[@maheshchoudhary6976]

@@EveryPaisaMatters my service is of 30 years Will eps pension will be counted on 30 + 2 = 32 years ..? Govt employee bsnl

[@EveryPaisaMatters]

@@maheshchoudhary6976 yes, if 30 continuous years.

[@maheshchoudhary6976]

@@EveryPaisaMatters yes I served only bsnl from 2006 and still in this sector and my retirement is in 2036 Govt employee in bsnl ..

[@ankurmishra1518]

You will get pay revisions too.

[@kaustubh3084]

Bahot complicated hai or trusted bhi nahi epf. Main to epf pe depend nahi hunga for pension. Ppf mutual funds best ya nps for pension best.

[@bedantiverma2329]

1.9.2014 ke baad retiredwale bina epfo ke order ke higher pension ka form fii kar sakte hai?

[@abhisheksharma1700]

I have one question 🙋‍♂️ sir. Why are you assuming the 3 lakh salary in the final video for per month. It is actually per year. Hence that corpus is assumed to be lifelong Or am I assuming something wrong here ??

[@manralvoice567]

Hi sir, thank you so much for the useful. can you give my answer??? I am 53 years old.I worked in two organisations respectively 16.5 and 3.8(Total 20+ years) and when I login my PF account, it shows joining and exit dates of both organisations. But when I filled my reduce pension form form(10 D), then it shows less than ten years of service after completion of the form properly. What is the reason behind this and what is the solution??.. waiting....

[@amitgadekar1724]

Great work!!! Pension issue is individual's decision, this video clear too much confusions & misunderstanding. Definitely it will help individual to take decision correctly!!! I am sharing this video with my friends & staff. Thank you sir,

[@shekars9172]

Sir very helpful, great work

[@girishpatel6771]

Excellent explanation for EPS higher pension option. I have opted for higher pension and submitted joint option form to epfo thru online link. But I have made one mistake in details of services I did. Now is there any way to edit the form for correction?? Thank you

[@EveryPaisaMatters]

Check my latest video

[@TheUnconventionalFarmer]

Sir , what about private company employees there is no guarantee of job nor salary over time?

[@surajitsaha4516]

How downtown your excel spreadsheet for my calculation

[@EveryPaisaMatters]

everypaisamatters.com/eps-switch-high-pension-or-not/

[@ravisonwani1627]

Can you please send me the Excel which you presented during the video.

[@rameshkaranam1968]

What about the tax on pension? shouldn't we consider that as well?

[@EveryPaisaMatters]

Yes, it needs to be considered

[@ushakumari4694]

I have one question regarding if 60 month average salary is pensionale salary then why retiring person getting pension calculated in 3 types of basics means at 6500, 15000₹. Why not they get 60month flat average in old case at last 15000 basic.

[@pradiptejale7140]

Agar main pension refused karu aur same employer share SIP main invest Karu for same period to after retirement main us main se as much pension amount bhi withdraw kar sakta hoon aur mera corporas fund bhi waise ka waisa hi rahega ...... What do u think sir ....?? Plz give ur opinion 🙏

[@manishheda4604]

What abt who started working from 2022 Can they opt for higher eps contribution for pvt employee

[@debasishkundu8133]

Very good explanation!!

[@Kumar-ce9xd]

According to me we should not believe on EPO. We should keep our money save in our hand and invest according to our financial conditions.

[@prashanthr1993]

If I am planning to migrate outside of India next year should I opt for this ?

[@EveryPaisaMatters]

A bird in hand is better than 2 in bush.

[@prashanthr1993]

@@EveryPaisaMatters thank you ... I prefer upfront rather than lock my money ... This clarifies ...

[@poojakalkundre8737]

Very informative video! Nicely explained!!Great work !!!👌👍

[@Sealink432]

Respected sir, How to get excel sheet calculation which is used for taking decisions. I have subscribed that , but couldn't download sheet, Is it payable, if that I can pay. Thank you.. Sir. Very nice explained..

[@rkgoyal1944]

Thanks.. great video..I request pl provide xls to check calculation

[@EveryPaisaMatters]

check description

[@arnaabster]

What happens when the higher amount is invested in generating a pension in the last scenario? Does it beat the higher pension?

[@ashokkumardhawan]

If I have withdrawn my PF, will those years be counted in total years of service

[@PearlCondominiumApartment]

Can you please tell me if last 5 years my salary actually decreases? For example, let's say I lost my job at 53 years of age and after that, I ended up in a job with a much lower salary job. In that case, how will my pension be calculated?

[@pramodpalyadwar3683]

👍Thank you very much for explaining in very simple language and easily...🙏

[@ranjitsaini6854]

Will be get arrears if retired 2 years ago?

[@nagoraokulkarni9624]

Sir if i cancel higher pension ,will it benefit me.I got retired on 2008

[@asadiqbal7296]

Sir I m not able to see this Excel sheet for download

[@_humans]

Great explaination

[@raghutelkar]

Please share me the link of excel calculator to download

[@EveryPaisaMatters]

Excel sheet is just an example. There is no concrete way of getting finalized amount for submission or pension. Still interested, then please visit my website EveryPaisaMatters.com

[@soumenmukherjee7799]

wherve i get the excel sheet?

[@anuradhasathe4746]

If I wish to retire after 20 years sevice at the age of 47 years,will my pension be FULL 100%,(e g. No percentage cut)? And I will get it from next month of retirement? The pension is a fixed amount or it changes with Dearness Allowance?

[@homeworksnap4182]

Sir Please clarify, average of 60 months is considered in higher pension option only or in Corpus system average is taken on the basis of last 12 months or for both the options criterion remains the same?

[@bpm74]

In the corpus option, the ceiling is set , present it is 15K x no of years of service /70.. this again will go up by the time you retire

[@mukeshshrivastava1976]

Very informative video.

[@kgravikumar]

Interesting. Nice excel. Where to downloaf

[@EveryPaisaMatters]

In the description

[@earningninetofive7066]

How did arrive at that 319591 ,337583 and 330353 Pension calculation.. I didn't get that part... the excel file you have shown in this video and the one which is available for download seems to be different

[@srimantapal5425]

Please share the excell format so that we can calculate our pension

[@chita786]

Sir agar kisi ne epf se amount withdraw ker liya hai tab kis option ko choose kerna chaiye.

[@EveryPaisaMatters]

watch the video I have uploaded yday.

[@RajeevAwasthi1]

What is VPF is also going on?

[@anubhavtechie]

Also I heard that Monthly Pension from EPS will be taxable however lump sum amount what you get currently is not taxable................ will that also make a difference in this calculation? ......... If yes then which one is better?

[@KnowledgeNugget436]

sir i have one question if the EPS contribution from employer is 8.33% in total amount of sallay which is 38000 and is retired now why that particular person is getting pension based on 6500 fix amount

[@gursharandhillon2931]

Sir I had purchased an excel spreadsheet yesterday but did not receive the sheet in mailbox, still waiting

[@EveryPaisaMatters]

It was to be downloaded from the same page. I have emailed it to you now again. Please check.

[@gursharandhillon2931]

@@EveryPaisaMatters Thanks Sir, got it

[@SHREYASHI04]

Koi person agar 2-3 saal mai retire ho ra hai toh usey higher pension k liye switch karna chahiye plz bataye

[@gauravbohra2593]

Can you share the Excel Sheet

[@EveryPaisaMatters]

please go to my website, Every Paisa Matters.com and you will find the link for the excel sheet on the same

[@tejindersethi9253]

Please share xls link

[@yourfinguru]

You have explained very well. 😊 Thanks 🙏🏻

[@nileshsjadhav7666]

Can u share the excel sheet, very well said and detailed but simple

[@EveryPaisaMatters]

Check description

[@sadhanahira508]

Do we have to deposit the differential amount from 1995 or the beginning of job.

[@vinayakt9352]

Sir 5years salary average kaise nakale formula

[@lux617]

Will the higher pension be applicable in the case of early retirements say at the age of 45?

[@digambarprabhutendolkar7479]

Only one query In case of higher pension whether pension amt is fixed for life time or it's increased by half yearly/yearly as it's increases in central govt/state govt pension because of increased Dearness Allowance as per index. Pl explain. Thanks

[@EveryPaisaMatters]

Fixed

[@ramvenkat097]

Very nice explanation. Thank you. Found it very useful

[@sandipdey4702]

you explained very well.... will you please provide excel formula format...

[@EveryPaisaMatters]

everypaisamatters.com/eps-switch-high-pension-or-not/

[@rj9957]

Salarry puri service years ki avg ginte hai jo aap last 12 months ki avg bolte ho yehi confusing hai

[@malayray-c6b]

Sir, I have retired on Feb, 2017. Should I opt for Higher Pension?

[@softmusic305]

sir epf ki website mai higher pension ka online form submitt kar rahe h but kuch option samjh nhi aa rahe h pls 🙏 help kijiye

[@surajitsaha4516]

How to download your videos excel spreadsheet for my salary calculation

[@EveryPaisaMatters]

everypaisamatters.com/eps-switch-high-pension-or-not/

[@basavrajbabanagare7148]

Sir if we allowed to receive higher pension then our company share of funds can we get?

[@sushanto83]

The calculator in your blog doesn't get downloaded even after ordering, i have mailed back, please help with calculator

[@NeerajKumar-bl1vu]

kya 35 years me govt. ki wages 15000 hi rhegi wo bhi to 35 years me bdhegi to higher pension non opting case me normal pension bhi badhegi. rs1500 ka amount koi bhi increase nahi kar rha hai. mujhe lagta hai ki next 20years ke baad amount badh kar 40000-45000 ho jyega