Pension Calculator
Updated July 2026
Estimate monthly pension across schemes. Note that the Unified Pension Scheme (UPS) has been available to eligible central government employees since April 2025 as an alternative to NPS.
Pension Calculator
Frequently Asked Questions
What is the difference between OPS and NPS?
OPS is a defined-benefit scheme paying a fixed proportion of last drawn salary, funded by the employer. NPS is defined-contribution and market-linked — the payout depends on your corpus and the annuity you buy.
What is UPS?
The Unified Pension Scheme, available to eligible central government employees from April 2025, offering an assured payout as an alternative to NPS.
Is pension income taxable?
Yes. Pension is taxed as salary income. Commuted pension may be partly exempt depending on the scheme.