Are there different NPS calculators for government and private sector employees?
- Posted: 30th January, 2025
- Updated: 30th January, 2025
*T&C Apply
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.
Popular FAQs
- How Does Loan Forgiveness Affect the Calculations on a Student Loan Calculator?
- Can a Student Loan Calculator Consider Multiple Loans with Different Terms and Rates?
- How Do I Factor in Interest Rate Changes with a Student Loan Calculator?
- What is 1-year return in a mutual fund?
- Do I Need to Pay Interest Every Month for Education Loan?
- Are there any prepayment penalties for Mudra Loan EMIs?
- Can I Use a Student Loan Calculator for Studying Abroad Expenses?
- What if I have multiple Mudra Loans – can the calculator handle them simultaneously?
- Are there any tax benefits associated with Mudra Loan EMIs?
- What is the maximum repayment period for a Mudra loan?
Recent FAQs
- What is a Fixed Deposit?
- Does FD pay monthly interest?
- Will I have to pay a penalty to withdraw FD before its time?
- Can I Start an FD online?
- Which Type of FD is Best?
- Can I Deposit 10 Lakhs in FD?
- Does FD Renew Automatically?
- How can I break my FD without penalty?
- What is the maximum time limit of FD?
- Does FD have a lock-in period?
Book a Fixed Deposit & get attractive/ high returns
Most Viewed FAQs
- How do I check my loan balance?
- Can I schedule future payments for my municipal bills online?
- Is it safe to make insurance premium payments online?
- Can I pay insurance premiums with a credit card online?
- How can I pay my insurance premium online?
- Can I renew my insurance policy online?
- What are the benefits of renewing insurance policies online?
- What is an insurance premium, and why do I need to pay it?
- What happens if a Loan against FD is not paid?
You may be interested in
- Home
- Financial FAQs
- Are there different NPS calculators for government and private sector employees?