EPS (Employees’ Pension Scheme)

Your employer contributes 12% of your basic pay and DA, like you. Of the employer's share, 8.33% goes to the Employees' Pension Scheme rather than your EPF account, computed on wages capped at ₹15,000 a month for most members. The rest of the employer's share goes to EPF.

EPS money earns no interest in your account; it buys a pension. A projection that counts the whole employer contribution as EPF overstates the corpus.