NPS Calculator : Auto Calculates Employer's Matching Contribution & also Calculate Retirement Wealth On Your Contribution in Tier II A/c

This calculator is compiled for the use of Central Govt Employees / State Government Employees / Corporate Sector Employees. The Banks employees are covered and governed under the Corporate Employees NPS Scheme. This calculator facilitates you to provide your details on actual basis as your contribution as well as employer contribution changes on every time revision of Dearness Allowance (DA) rates / slabs which is being revised 4 times in banks and 2 times in Govt. Sector. On release of increment / on payment of officiating allowance your NPS contribution as well as employer contribution towards NPS changes, therefore it will be advisable to calculate growth of your NPS Investment, Wealth on Retirement, tentative amount of corpus and pension on retirement by calculating it year wise by projected your figures for the remaining period of your service.

Help

If you have only Salary Linked NPS A/c i.e. (TIER I) where your employer is contributing matching contribution to this NPS a/c. Enter your contribution in TIER I NPS Column and the calculator will auto take care the matching contribution of your employer. This calculator will show your investment amount during the year and tentative value of growth of your investment during the year alongwith amount of pension and wealth on retirement at the end of the year on the the basis of your estimate rate of return.
You can also calculate tentative value of your investment on your investment in TIER II NPS A/C, 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.
We have also provided a separate NPS calculator of all citizen / all sectors where one can calculate tentative value of pension wealth on retirement, annuity, corpus and pension on retirement. To view and use this calculator Click Here.
You must go through - Some Important point of NPS, provided below NPS Calculator
More NPS calculators
(a) NPS calculator: Yearly calculations - For Employees to calculate estimate of growth of wealth, pension, retirement corpus in a year on 12 months NPS where you have actula figures of revised DA, for bankers it is being revised 4 times in a year and for Govt sector employees normally 2 times a year.
(b) NPS calculator: All Citizen - This calculator also displays yearwise - Retirement Wealth, corpus, Annuity, Pension and NPS Retun till the age of 60 in a table.

Enter Your Contribution to NPS
Current Age
Investing Period Remaining Till Retirement (Yr)
Your Opening Balance
	TIER II	Salary Linked is (TIER I)
April
May
June
July
August
Sep
Oct
Nov
Dec
Jan
Feb
March
Expected Rate of Return on NPS Investment (%)		Compounding Period (months)

Summary of NPS Investment on Retirement

Monthly Pension and Corpus in Hand on Retirement

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 :-

Pension (Annuity) payable for life at a uniform rate to the annuitant only.
Pension (Annuity) payable for 5, 10, 15 or 20 years certain and thereafter as long as you are alive.
Pension (Annuity) for life with return of purchase price on death of the annuitant (Policyholder).
Pension (Annuity) payable for life increasing at a simple rate of 3% p.a.
Pension (Annuity) for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
Pension (Annuity) for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.
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.

Employee's Total Contribution in Year
Employer's Matching Contribution in Year
Tier II A/c Contribution in a Year
Total Contribution To NPS during Year
addition to Pension Wealth during the year
Pension Wealth on Retirement