Free Atal Pension Yojana calculator. Estimate your monthly contribution, pension at 60, tax benefits under 80CCD, and compare all APY pension plans.
The Atal Pension Yojana (APY) Calculator helps you determine your monthly contribution and estimate the pension you will receive after age 60 under India's government-backed social security scheme. APY is designed for workers in the unorganized sector who do not have access to formal pension plans, but any Indian citizen aged 18-40 can enroll.
Under APY, subscribers choose a guaranteed monthly pension of ₹1,000 to ₹5,000, and the monthly contribution depends on your joining age and chosen pension amount. The earlier you join, the lower your monthly contribution — for example, an 18-year-old choosing ₹5,000/month pension pays just ₹210/month, while a 40-year-old pays ₹1,454/month for the same pension. This makes early enrollment enormously advantageous.
This calculator shows your exact monthly contribution based on official APY charts, projects your corpus growth, calculates tax benefits under Section 80CCD(1B), and compares all five pension tiers so you can choose the plan that best fits your budget and retirement needs. The government also provides a co-contribution benefit for eligible subscribers, making APY one of the most affordable pension options in India.
APY provides a guaranteed pension backed by the Government of India, making it one of the safest retirement instruments available. This calculator helps you understand the exact cost of each pension tier at your age, compare options, and see how the tax deduction under Section 80CCD(1B) effectively reduces your net contribution. For those without employer-provided pensions, APY is an essential cornerstone of retirement planning.
Monthly Contribution = APY Chart(Pension Amount, Joining Age) Total Contribution = Monthly Contribution × 12 × (60 − Joining Age) Spouse Pension = Same as subscriber pension (transfers on death) Nominee Lump Sum ≈ Pension × 12 × 8.5 (approximate corpus returned) Tax Benefit = min(Annual Contribution, ₹50,000) × Marginal Tax Rate
Result: ₹376/month contribution for ₹5,000/month guaranteed pension at age 60
A 25-year-old choosing ₹5,000 monthly pension pays ₹376/month (₹4,512/year) for 35 years. Total contribution is ₹157,920, but the pension pays ₹60,000/year — the total payout over 20 years of retirement is ₹12,00,000, making this a 7.6x return on contributions. The spouse continues receiving the same ₹5,000/month pension after death.
The APY contribution chart is the official schedule published by PFRDA showing exactly how much each subscriber must pay monthly based on joining age and desired pension. The chart uses actuarial calculations assuming a specific rate of return on the pension fund. For the ₹5,000 pension tier, contributions range from ₹210/month (age 18) to ₹1,454/month (age 40). The relationship is not linear — each year of delay increases the contribution disproportionately because there are fewer compounding years.
While both are government pension schemes, they serve different purposes. APY provides a guaranteed fixed pension (₹1,000-₹5,000/month) with fixed contributions, making it predictable and low-risk. NPS is market-linked with variable returns and no guaranteed pension amount, but it offers higher potential returns and flexible contribution amounts. For those with limited income who want certainty, APY is ideal. For higher earners seeking wealth accumulation, NPS is better. Many advisors recommend using both — APY as a guaranteed floor income and NPS for additional market-linked growth.
APY offers a triple tax advantage: contributions qualify for deduction under Section 80CCD(1B) up to ₹50,000; the corpus grows tax-free during the accumulation phase; and the monthly pension is taxable at your slab rate in retirement (when most people are in lower brackets). The government also co-contributes 50% of the subscriber's contribution (up to ₹1,000/year) for eligible beneficiaries who joined between 2015-2020 and are not covered under any statutory social security scheme.
Any Indian citizen aged 18-40 with a savings bank account can enroll in APY. You cannot be a member of any other statutory social security scheme (except EPF/EPS). The scheme is primarily targeted at unorganized sector workers but is open to all eligible citizens.
APY offers five fixed monthly pension amounts: ₹1,000, ₹2,000, ₹3,000, ₹4,000, and ₹5,000. The pension is guaranteed by the Government of India and begins at age 60, continuing for life.
Yes, APY contributions qualify for tax deduction under Section 80CCD(1B) up to ₹50,000 per year, which is over and above the ₹1.5 lakh limit under Section 80C. This can save up to ₹15,600 annually at the 31.2% tax slab.
If the subscriber dies before 60, the spouse can either continue the APY account and receive the pension at 60, or close the account and receive the accumulated corpus. If the spouse also passes, the nominee receives the lump-sum corpus.
Premature exit is allowed only in exceptional circumstances like terminal disease or death. Voluntary exit before 60 returns only the accumulated contributions with actual interest earned (no government co-contribution). It is strongly discouraged as you lose the guaranteed pension benefit.
The contribution is fixed based on your joining age and chosen pension amount as per the APY chart. Younger joiners pay less because their money compounds longer. Joining at 18 for ₹5,000 pension costs ₹210/month vs ₹1,454/month at age 40.
Yes, you can upgrade or downgrade your pension amount once per year during the contribution period. The contribution will be recalculated based on your current age and the new pension amount chosen.