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NPS Calculator

NPS - Deductions / Taxability & Tax Treatment on withdrawal
NPS Partial Withdrawal Norms & Form
NPS Calculator All citizens Model

Featured with auto compute employer's matching contribution to calculate Retirement Wealth, Corpus, Annuity, Pension and NPS Return including your contribution in TIER II, if any, as per NPS rules

This calculator is compiled for the best uses of employees of Govt. (Central / State) and Corporate Sector Employees. The Banks and other PSU covered under NPS are all governed under the Corporate Sector NPS Scheme.

The detailed yearwise calculations which will be displayed under the calculator as mentioned below the calculator will be quite useful for your your future and retirement planning and you may accordingly increase your contributions in Tier II account or start to contribute in Tier II account also in addition to your salary linked NPS a/c.

Help

  1. Enter your contribution from salary (Salary Linked NPS A/c is TIER I) where your employer is contributing matching contribution to this NPS a/c then enter estimated rate of growth of yearly increase in your (baisc pay + DA) for the future period to get the estimated yearwise figures of wealth, corpus, annuity, pension till the period of your retirement.
  2. You can also calculate tentative value of your investment on your investment in TIER II NPS A/C likewise above. If you have exhausted the tax deduction limit of 1,50,000 (u/s 80C), you can avail tax deduction of additional 50,000 (u/s 80CCD) by investment in TIER II NPS a/c.
  3. You must go through - Some Important point of NPS, provided below NPS Calculator

When you will Submit your details entered, year wise Estimated Growth Table will auto display here

The Table will display calculations upto your age 60 (as per NPS rules), on the basis of your inputs.

  • Per month contribution - Employee + Employer and if any your own conribution to Tier II a/c for the investing period (60- your age).
  • Yearly return on your NPS investment, NPS welath Generated Balance at year end, Corpus after Anuuity purchase, and monthly pension at the end of the year.

    Disclaimer: The above calculations are of your estimated values only and not on actual basis.

    Some Important point of NPS

    • In case of Central Govt Employees / State Government Employees / Corporate Sector Employees - The monthly contribution amount would be 10% of the salary and dearness allowance (DA) to be paid by the employee and matching contribution by employer. The contributions and investments would be deposited in the Tier I of PRAN.
    • NPS rule: Minimum 40% of the Pension Wealth to be kept invested in life annuity on retirement
    • There is no fixed monthly pension or a guaranteed pension amount under NPS. Pension Wealth will vary depending on various factors like investment duration, returns on asset classes, retirement age, etc. Monthly pension amount will depend on the annuity plan you choose at the time of retirement/exit from NPS.

    Types of annuities providing for monthly pension available to the subscribers of NPS are :-

    1. Pension (Annuity) payable for life at a uniform rate to the annuitant only.
    2. Pension (Annuity) payable for 5, 10, 15 or 20 years certain and thereafter as long as you are alive.
    3. Pension (Annuity) for life with return of purchase price on death of the annuitant (Policyholder).
    4. Pension (Annuity) payable for life increasing at a simple rate of 3% p.a.
    5. Pension (Annuity) for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
    6. Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
    7. Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant and with return of purchase price on death of the spouse. If the spouse predeceases the annuitant, payment of annuity will cease after the death of the annuitant and purchase price is paid to the nominee.
    • A subscriber can not change the annuity service provider, once selected
    • In case of death of subscriber opted annuity, the annuity plan depends on the kind of annuity plan opted by the subscriber. For an example, if the annuity plan is joint life annuity plan, on death of subscriber, the spouse will get the annuity till he / she is alive.
    • In case of death of the subscriber, check the annuity plan opted by the subscriber and exercise accordingly,
    • Disclaimer: The above calculations are indicative or estimated values only and not on actual basis.
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