Indian Government Pension Calculator | EPS-95, NPS, APY | Retirement Planning Tool
Pension Schemes | Government of India

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Pension Calculator

EPS-95 | National Pension System (NPS) | Atal Pension Yojana (APY)

As per EPS-95: Pensionable Salary (capped at ₹15,000 for govt formula)

📋 Your Pension Summary

🏦 Scheme Type: EPS-95
💰 Monthly Pension (₹): ₹0
📅 Annual Pension (₹): ₹0
💵 Lump Sum / Corpus (if applicable): ₹0
👴 Pensionable Service (Years): 0 years
📌 EPS-95: Pension = (Pensionable Salary × Service Period) / 70. Maximum pensionable salary ₹15,000 as per govt formula.

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📘 Pension Calculator: Complete Guide for Indian Government Schemes (EPS, NPS, APY)

Welcome to the most accurate Indian Government Pension Calculator that helps you estimate retirement benefits under EPS-95 (Employee Pension Scheme), National Pension System (NPS), and Atal Pension Yojana (APY). This tool follows official formulas prescribed by the Pension Fund Regulatory and Development Authority (PFRDA) and Employees’ Provident Fund Organisation (EPFO).

🇮🇳 How to Use This Pension Calculator (Step-by-Step)

Step 1: Select your pension scheme – EPS-95 (for organised sector employees), NPS (central/state govt or private employees), or APY (for unorganised sector).

Step 2: Enter scheme-specific details.
– EPS-95: Provide Date of Joining, Date of Exit, and your Average Salary (subject to ₹15,000 cap as per EPS formula). The calculator computes pensionable service and monthly pension = (Pensionable Salary × Service years) / 70.
– NPS: Fill current age, retirement age (max 60/70), existing corpus, monthly contribution, and expected return. We calculate future corpus using FV of annuity and then monthly pension via 60% annuity (annuity rate 6% assumed) and 40% lump sum withdrawal.
– APY: Enter your current age (18-40 years) and select contribution slab. APY guarantees a fixed monthly pension after 60 years of age based on selected slab.

Step 3: Click “Calculate Pension Now” – instantly get monthly pension amount, annual pension, applicable corpus, and service years.

Step 4: Use reset to try different scenarios like higher NPS contributions or early retirement.

📊 Understanding Key Pension Formulas (As per Govt Norms)

  • EPS-95 Formula: Monthly Pension = (Pensionable Salary × Qualifying Service) / 70. Maximum pensionable salary is capped at ₹15,000 (unless higher actual contribution opted). Minimum pension ₹1,000/month.
  • NPS: At retirement, you can withdraw 60% as lump sum tax-free, and 40% must be used to buy an annuity (assumed annuity rate 6% p.a. in calculator). Monthly pension = (Annuity Corpus × 6%) / 12.
  • APY: Guaranteed pension based on contribution tier: e.g., ₹3,000 monthly contribution yields ₹15,000 monthly pension from age 60.

✅ Why Trust This Pension Calculator?

Our tool is designed for Indian Government Pension Schemes with real-time calculation logic. Whether you are a central government employee under NPS or a private employee looking for EPS benefits, this calculator provides legally compliant estimates. Bookmark this page and recalc annually as your salary or contributions increase.

💡 Pro Tip: For NPS, increasing monthly contribution by even ₹500 can boost your monthly pension by ₹2,000-₹3,000 at retirement. Start early to maximise compounding benefits.

Note: All calculations are estimates for planning purposes. Actual pension may vary based on government revisions, annuity rates, and service rules.