Joining date: 24/4/1985 / Leaving date: 31/5/2018
as per my calculation the pension amount is 3236 but actual pension is deposited in to account is 3090 so why there is a difference?
here i mentioned my calculation please find the attachment and reply as early as possible. if there is any mistakes then please mentioned and help me to correct it. Because it is my research topic . and Mr x
Date of Joining Date of retirement
24-04-1985 31-05-2018
1 "Salary as on 15/11/1995" "Above Rs 2500/month"
2 "basic Salary on completion of 58 years 31/5/2018" 36500
3 "Past service calculation: 24/4/1985 to 15/11/1995 (11 years)
4 "Difference 15/11/1995 to 31/5/2018" (23 years)
5 From Table A(Rs) 85
6 From Table B 6.101
7 "Multiplication(Rs) 85*6.101= 519
8 "Pensionable service from 15/11/1995" 23 Years
9 So additional years 2
10 "Pensionable salary Last 60 month = ((45*15000+15*6500))/60 = 12875
11 "Pension after 15/11/1995 to 31/8/2014 = 6500*19/70 = 1764
12 "pension up to 31/5/2018 = 12875*4/70 = 736
13 "Pension upto 23 years = 1764+736 = 2500
14 "pension after additional 2 years 23+2=25 = 2500*25/23 = 2717
15 "Total pension = 518+2717 = 3236
Please reply as early as possible.
Thank you for guidance......
From India, Anand
as per my calculation the pension amount is 3236 but actual pension is deposited in to account is 3090 so why there is a difference?
here i mentioned my calculation please find the attachment and reply as early as possible. if there is any mistakes then please mentioned and help me to correct it. Because it is my research topic . and Mr x
Date of Joining Date of retirement
24-04-1985 31-05-2018
1 "Salary as on 15/11/1995" "Above Rs 2500/month"
2 "basic Salary on completion of 58 years 31/5/2018" 36500
3 "Past service calculation: 24/4/1985 to 15/11/1995 (11 years)
4 "Difference 15/11/1995 to 31/5/2018" (23 years)
5 From Table A(Rs) 85
6 From Table B 6.101
7 "Multiplication(Rs) 85*6.101= 519
8 "Pensionable service from 15/11/1995" 23 Years
9 So additional years 2
10 "Pensionable salary Last 60 month = ((45*15000+15*6500))/60 = 12875
11 "Pension after 15/11/1995 to 31/8/2014 = 6500*19/70 = 1764
12 "pension up to 31/5/2018 = 12875*4/70 = 736
13 "Pension upto 23 years = 1764+736 = 2500
14 "pension after additional 2 years 23+2=25 = 2500*25/23 = 2717
15 "Total pension = 518+2717 = 3236
Please reply as early as possible.
Thank you for guidance......
From India, Anand
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EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf
PENSION CALCULATION.xls