Confused About Pension Calculation? How to Figure Out 8.33% on Your PF Salary

Dear Seniors,

As per the Supreme Court judgment, what is the procedure for calculating 8.33% (Pension Amount)? If PF is deducted on Rs. 15,000/-, i.e., Rs. 1,800/-, then what is the pensionable salary for 8.33%? Is it Rs. 15,000/- or Rs. 6,500/-?

Kindly advise.

Except for HRA, Gratuity, and Bonus, all other components will be considered as Basic, such as Basic + DA, Conveyance, CCA, TPTALL, and all special allowances. We need to calculate on Basic + Special Allowances. The maximum limit is 15,000/-.

Please find the details below:

A/c No. 1: PF Contribution Account - 12.00%
A/c No. 2: PF Admin Charges Account - 0.50%
A/c No. 10: EPS Contribution Account - 8.33%
A/c No. 21: EDLIS Contribution Account - 0.50%
A/c No. 22: EDLIS Admin Charges Account -

Total Contribution: 12.00% + 13.00%