Financial Planning Calculators
Financial Planning Calculators
A comprehensive suite of tools to plan for your long-term financial goals.
Select Calculator Type
Public Provident Fund (PPF)
Employee Provident Fund (EPF)
National Pension System (NPS)
Sukanya Samriddhi Yojana (SSY)
Investment is for 15 years. The scheme matures when the girl turns 21.
Gratuity Calculator
As per the Payment of Gratuity Act, you are eligible for gratuity after completing 5 years of service.
Retirement Planning Calculator
About Savings & Retirement Schemes
This page provides calculators for popular government-backed savings schemes and retirement planning tools to help you secure your long-term financial goals.
Scheme Details
Public Provident Fund (PPF): A popular long-term investment option that offers an attractive rate of interest and returns that are fully exempt from tax. Contributions are tax-deductible under Section 80C. With a lock-in period of 15 years, it's a secure way to build a retirement corpus.
Employee Provident Fund (EPF): A mandatory retirement savings scheme for salaried employees. A fixed percentage of your salary is contributed by both you and your employer. The accumulated corpus grows with annual compounding interest and is typically accessible upon retirement.
National Pension System (NPS): A voluntary, market-linked pension scheme regulated by the PFRDA. It offers a flexible choice of investment funds to build a retirement corpus. At maturity, a portion must be used to purchase a life-long pension plan (annuity).
Sukanya Samriddhi Yojana (SSY): A government savings scheme designed exclusively for the financial security of a girl child. It offers one of the highest interest rates among small savings schemes and comes with significant tax benefits under Section 80C.
Gratuity: A lump-sum amount paid by an employer to an employee as a token of appreciation for their services. It is a defined benefit plan, and an employee is eligible for gratuity only after completing 5 years of continuous service with the same employer.
Retirement Planning: This involves setting financial goals for your post-work life and creating a plan to achieve them. It considers factors like your current expenses, inflation, and expected returns to estimate the total corpus you will need and the monthly investment required to reach that target.
Frequently Asked Questions
PPF and SSY fall under the EEE (Exempt-Exempt-Exempt) category, meaning the investment, interest, and maturity amounts are all tax-free. EPF is also largely EEE, subject to certain conditions. NPS offers a tax deduction up to ₹1.5 lakh under 80C and an additional deduction of ₹50,000 under Section 80CCD(1B).
Gratuity received by government employees is fully exempt from tax. For private-sector employees covered under the Payment of Gratuity Act, the tax exemption is on the least of the following: a) Last drawn salary × 15/26 × years of service, b) ₹20 lakhs, or c) Actual gratuity received.
Generally, it's advised to shift your investments to safer, less volatile assets post-retirement to protect your corpus. These safer assets, like debt funds or fixed deposits, typically offer lower returns compared to high-growth assets like equity, which are suitable during your accumulation (pre-retirement) phase.
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C.K. Gupta
Hello, I am C.K. Gupta Founder of Taxgst.in, a seasoned finance professional with a Master of Commerce degree and over 20 years of experience in accounting and finance. My extensive career has been dedicated to mastering the intricacies of financial management, tax consultancy, and strategic planning. Throughout my professional journey, I have honed my skills in financial analysis, tax planning, and compliance, ensuring that all practices adhere to the latest financial regulations. My expertise also extends to auditing, where I focus on maintaining accuracy and integrity in financial reporting. I am passionate about using my knowledge to provide insightful and reliable financial advice, helping businesses optimize their financial strategies and achieve their economic goals. At Taxgst.in, I aim to share valuable insights that assist our readers in navigating the complex world of taxes and finance with ease.
