APY is a government-backed pension scheme for workers aged 18–40 who are not income-tax payers (since October 2022). The pension is guaranteed; after the subscriber, the spouse receives the same pension, and the corpus goes to the nominee.
How to use the Atal Pension Yojana Calculator
- Age when joining
- Desired monthly pension
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter your age when joining and choose the monthly pension you want.
Tips
- Figures use the latest published rates; government scheme rates are revised every quarter.
- Choose between the old and new tax regimes carefully – deductions only count in the old regime.
- Keep proofs of investments and rent for your employer and the tax return.
- Use the official portal of each scheme for exact maturity values.
Common mistakes to avoid
- Assuming scheme interest rates are fixed for the whole term.
- Forgetting tax on interest from fixed and recurring deposits.
- Missing the yearly minimum deposit on PPF or Sukanya Samriddhi accounts.
Inputs explained
| Field | What to enter |
|---|---|
| Age when joining | A number |
| Desired monthly pension | Choose one: ₹1,000, ₹2,000, ₹3,000, ₹4,000 … |
What each result means
- Years of contribution = 60 – round([Age when joining])
- Total contribution = [Monthly contribution]×12×[Years of contribution]
- Corpus returned to nominee = [Desired monthly pension]×170
Example values
How the main result changes when Age when joining changes and everything else stays at the example values above:
| Age when joining | Monthly contribution |
|---|---|
| 18.75 | 230 |
| 25 | 380 |
| 31.25 | 630 |
| 37.5 | 1,200 |
Formula
Monthly contribution = official APY rate for your age × (pension ÷ 1,000)Contribution years = 60 − joining ageCorpus returned to nominee: ₹1.7 lakh (₹1,000 pension) to ₹8.5 lakh (₹5,000 pension)Worked example
Inputs — Age when joining: 25; Desired monthly pension: ₹5,000.
Results — Monthly contribution = ₹380.00; Years of contribution = 35; Total contribution = ₹159,600.00; Guaranteed monthly pension from 60 = ₹5,000.00; Corpus returned to nominee = ₹850,000.00.
Frequently asked questions
Who can join Atal Pension Yojana?
Indian citizens aged 18–40 with a savings account who are not income-tax payers.
What is the maximum APY pension?
₹5,000 a month.
What happens after the subscriber dies?
The spouse receives the pension, then the nominee gets the corpus.
What formula does the Atal Pension Yojana Calculator use?
Monthly contribution = official APY rate for your age × (pension ÷ 1,000).