Pension Calculator 👴

Calculate your monthly pension under OPS, NPS, or UPS (Unified Pension Scheme)

Your Details 📋

💼 Service Details
📊 NPS Details

Your Pension 💰

Expected Monthly Pension
₹40,000
Under OPS at age 60
📊 OPS Breakdown
Last Basic Pay ₹80,000
Basic Pension (50% of Basic) ₹40,000
Dearness Relief ₹24,000
Gross Monthly Pension ₹64,000
Annual Pension ₹7,68,000

📋 Pension Schemes in India

🥇 OPS - Old Pension Scheme

For employees appointed before 01 January 2004. Defined benefit pension = 50% of last drawn basic pay + DR. Government pays from consolidated fund. No contribution required from employee.

🥈 NPS - National Pension System

For employees appointed on/after 01 January 2004. Market-linked scheme. Employee contributes 10% of (Basic+DA), government contributes 14%. At retirement: 60% lumpsum (tax-free) + 40% mandatory annuity purchase.

🥉 UPS - Unified Pension Scheme

Optional scheme effective April 1, 2025. Combines best of OPS + NPS. Provides assured 50% pension for 25+ years service, minimum ₹10,000/month guaranteed, plus family pension and DR.

💡 Key Formulas

OPS Pension = (Last Basic Pay × 50%) + DR
Example: ₹80,000 × 50% = ₹40,000 + DR (60% of ₹40,000) = ₹64,000/month
NPS Pension = Monthly Annuity from 40% of retirement corpus
Corpus Formula: Current + [Monthly × {((1+r)^n - 1)/r}] compounded

📊 Comparison at a Glance

FeatureOPSNPSUPS
Employee ContributionNone10% of Basic+DA10% of Basic+DA
Govt ContributionFull pension14%18.5%
Pension TypeDefined BenefitDefined ContributionHybrid Assured
Minimum Pension50% of basicMarket-linked₹10,000/month
RiskNoneMarket riskLimited
⚠️ Disclaimer: Pension projections are estimates based on current rules and assumed returns. Actual pension depends on final rules, market performance (for NPS), service length, and government notifications. NPS market returns are not guaranteed. Consult your department's pension office for exact calculations. Read full disclaimer
⚠️

Important Financial Disclaimer

This calculator is for informational and educational purposes only. The results are estimates based on the inputs provided and should NOT be considered as financial, investment, tax, or legal advice.

  • 💼 Consult a qualified financial advisor, Chartered Accountant, or tax consultant before making any investment, tax, or financial decision based on these calculations.
  • 📊 Interest rates and tax rules change frequently — always verify current rates from official sources (RBI, EPFO, Income Tax Department, SEBI, banks) before investing.
  • 📈 Past performance does not guarantee future returns. Mutual funds, equity, and market-linked investments are subject to market risks.
  • 🏦 Bank/Government rates shown are indicative and may differ from your actual quoted rate. Confirm with your bank or financial institution before transaction.
  • 📋 Calculations may not include all charges like processing fees, GST, TDS, prepayment charges, late payment penalties, or other applicable costs.
  • ⚖️ Tax calculations are simplified estimates. Actual tax liability depends on your complete income profile, deductions, exemptions, and current laws.

By using this calculator, you acknowledge and agree that KaamKaTool.in, its owners, and developers are not liable for any financial loss, damage, or adverse outcomes resulting from decisions based on this information. Use at your own risk and discretion.