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Hello everybody,
I am working in an MNC and i want to know , how to calculate the pension in the current accumulation and of PF and EPF Ammount and no. of years of service. Also would like to know , how superannuation ammount contribution is helping in pension.
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From Employee 12% of Basic say Rs 1200000 x 12% goes to Provident fund .
From Employer Side 8.33% of Basic goes to Pension and 3.67% of basic goes to Provident fund but if basic is more than 6500 then pension is not more than Rs.541/- suppose if basic is 1200000 then as per 12 % of 1200000 is 144000 . out of this 541 goes to pension which is fixed and rest of amount i.e.143459 goes to provident fund.
I hope this will clear your doubts.
Do you mean Pension calculation?
please find pension monthly : pensionable salary X pensionable service / 70
eg: pensionable salary (max 6500) X 35 yrs (no of year of pensionable service) / 70
hope your query clarified
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