Are there different NPS calculators for government and private sector employees?
- Posted:30th January, 2025
- Updated:30th January, 2025
Both government and private sector employees can use similar NPS calculators to estimate their pension corpus. However, government employees can contribute up to 14% of their basic salary to the NPS. While private sector employees are limited to 10% of their basic salary.
Additionally, government employees benefit from an employer contribution that can also reach up to 14%. In contrast, for private sector employees, the employer's contribution is typically capped at 10%, and while employers may choose to contribute, it is generally the employee who contributes this maximum percentage of their basic salary.
Many online NPS calculators allow users to input their contributions, expected returns, and duration of the investment to compute the pension corpus. They are typically flexible enough to accommodate both government and private sector employees.
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