Explanation

Here are the ways the NPS pension calculator will assist you.

1. It provides you with the amount of money which you are entitled to in the future. The pension amount is an investment and not a liability. Using an NPS calculator online is essential to determine the total corpus.
2. Under the existing legislature, no individual can withdraw the entire amount of post-retirement. Besides, 40% worth of the total sum must be invested in annuities. Furthermore, the remaining 60% is subjected to taxation too. All these figures will be disclosed in detail once you start using our NPS scheme calculator. 
3. The calculator never errs. If you have ever tried to manually calculate the pension amounts, you will understand how tough it is. Thankfully, our NPS calculator in India will automate the entire process.
4. Lastly, you can now determine the taxation regime on pension funds, the total amount you will have every month-end and several other details- all via the calculator.

Formula for calculating Pension amounts 

NPS, like all pension schemes around the world, uses compounding interest to calculate returns.

The formula that the National Pension Scheme calculator India uses is:

A = P (1 + r/n) ^ nt

In the equation, the amount is A. The other variables are the following.

How to use the NPS calculator?

Follow the simple steps mentioned below to use the NPS calculator

Step 1: Enter the amount you want to invest every month towards your retirement corpus in the pension scheme

Step 2: Enter your present age

Step 3: Use the slider to select the expected rate of return

The results will be displayed within seconds.