Finance

NPS Calculator

Calculate your National Pension System corpus at retirement and estimate monthly pension.

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Monthly Contribution

₹

₹500₹1,00,000

Years to Retirement

1 yr42 yr

Expected Annual Return

6%15%

Annuity Proportion

40%100%

Annuity Rate

4%10%

Total Corpus at Retirement

₹66,89,452

Total invested: ₹15,00,000 · Returns: ₹51,89,452

Lump Sum (Tax-free)

₹40,13,671

60% of corpus

Est. Monthly Pension

₹13,379

40% used for annuity

NPS Tax Benefits

80CCD(1): Up to ₹1.5L deduction (within 80C limit)
80CCD(1B): Additional ₹50,000 exclusive deduction
60% lump sum withdrawal is completely tax-free
40% must be used for annuity (pension income is taxable)

* Returns are estimates. NPS returns vary based on asset class mix (E/C/G). Past performance is not indicative of future results.

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About this tool

How to use NPS Calculator

1Enter your monthly NPS contribution
2Set your years to retirement (up to 60 years of age)
3Enter the expected annual return rate (default 10%)
4Adjust annuity proportion (minimum 40%) and annuity rate
5View total corpus, lump sum, and estimated monthly pension

Frequently Asked Questions

What is NPS?

NPS (National Pension System) is a government-backed voluntary retirement savings scheme. It invests in equity, corporate bonds, and government securities. The account matures at age 60, when 60% can be withdrawn tax-free and at least 40% must be used to buy an annuity (pension).

What are the tax benefits of NPS?

NPS offers triple tax benefits: 80CCD(1) deduction up to ₹1.5L (within 80C limit), 80CCD(1B) additional ₹50,000 exclusive deduction, and 60% lump sum withdrawal at maturity is fully tax-free.

Who should invest in NPS?

NPS is ideal for salaried individuals in the 30% tax bracket, self-employed professionals wanting retirement corpus, and anyone seeking the exclusive ₹50,000 deduction under 80CCD(1B) over and above the ₹1.5L 80C limit.