Learn how to calculate gratuity for a Rs 55,000 basic salary with 5.5 years of service. Understand eligibility, the formula, and factors affecting your gratuity payout for better financial planning.

Employees contributing towards their retirement often wonder what kind of pension they may expect from the Employee Pension Scheme (EPS). Understanding how EPS works and how the pension is calculated ...

Pension calculation for PSU employees: There is no separate formula for calculating pension of retired employees of Public Sector Undertakings (PSUs) under EPS 1995, Minister of State for Labour and ...

EPFO pension calculator: To avail of the benefit of this pension facility under EPS, it is necessary to contribute to EPS for a minimum of 10 years i.e. the employee must have been employed for 10 ...

The monthly pension of an employee is determined by the period of service, rounding up the number of years if the employee has completed six months or more. For example, 10 years and 7 months of ...