NPS ( National Pension Scheme) AFTER 30 YEARS
National Pension Scheme (NPS) Estimated Accumulation After 30 Years This is an estimated calculation of the amount that may be accumulated under the National Pension Scheme (NPS) after 30 years. This is not an investment recommendation but an approximate projection based on current salary structures and assumptions. 1. Basic Information: When an individual joins employment and contributes to NPS, both the employee and the employer make monthly contributions. The following assumptions are made for this calculation: Basic Pay at the Time of Joining: ₹21,400 Estimated Basic Pay at Retirement: ₹80,000 Gratuity (Approximate): ₹20,00,000 Earned Leave Encashment: ₹12,00,000 50% Dearness Allowance (DA) is assumed on the basic pay. 2. First Month’s NPS Contribution: If an individual joins with a basic pay of ₹21,400, their first month’s NPS contribution would be: Basic Pay: ₹21,400 50% Dearness Allowance (DA): ₹10,700 Total Salary: ₹32,100 Employee’s NPS Contribution (10%): ₹3,210 Empl...