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Empowering India’s Working Class & Government Employees: Insights, Resources, and Community.

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Here are the two important calclators for our employees.

Calculate your Pension

  • In NPS, a government employee contributes towards pension from monthly salary along with matching contribution from the employer.
  • Nirmala Sitharaman, Finance Minister of India, in the Union budget for 2022 has brought equivalence between the state and central government employees regarding their contribution of an employer to NPS. Accordingly, the contribution towards NPS for state government employees has been raised from 10 % to 14%. The state government will also contribute 14%, matching an employee’s contribution to this account.
  • Some State Governments and Union territories have adopted NPS architecture with different dates and implemented NPS mandatorily through Gazette Notifications for their employees joining on or after date of adoption of NPS opted by respective State government.
  • Partial withdrawal of up to 25% of the offerings done by the NPS Tier-1 account holder is tax-exempt.
  • Lump sum withdrawal up to 60% of total pension amount during superannuation is free from taxes.
  • PRAN (Permanent Retirement Account Number) is to be used by government employees for accessing their NPS accounts.
  • For government employees, tax benefit u/s 80C is also offered on Tier -2 NPS contribution within the upper capital limit of Rs.1,50,000 with a 3-year lock-in period.
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NPS Calculator

Calculate NPS and know your pension.
Include the total amount (Your Contribution + Your Employer Contribution)
Rate of interest in NPS is market-linked. Historically delivered a steady 8% to 10% return every year.
While the minimum percentage of the pension amount to be used for the purchase of the Annuity in the case of Superannuation is 40%, pre-mature exits from NPS require at 80% of the pension wealth to be used for purchasing an annuity.
Usually between 6-8%.
Pension (Annuity) for life with return of purchase price on death of the annuitant. Hence it is till your death.



Gratuity Calculator

Calculate your Gratuity
For employees whose employer is not covered under the Gratuity Act, the gratuity amount would be calculated as per the half-month salary on each completed year of service.

Gratuity Calculator

  • Gratuity is the payment made by an employer to an employee as a reward for services rendered to the company or government.
  • Under the Gratuity Act, the maximum gratuity amount is capped at Rs 20 lakh. Any amount exceeding this limit is classified as ex-gratia.
  • For employees whose employers are not covered under the Gratuity Act, the gratuity is calculated based on half a month’s salary for each completed year of service.
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Confucius

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