NPS Calculator India

NPS Calculator

Calculate National Pension System corpus and monthly pension at retirement. Tax benefits under 80CCD.

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₹
₹500₹1,00,000
8%10%14%
4%6%8%
40%40%100%

Total Contribution

₹18,00,000

Total Interest

₹95,96,627

Total Corpus

₹1,13,96,627

Lumpsum Withdrawal (60%)

₹68,37,976

Tax-free

Annuity Investment (40%)

₹45,58,651

Monthly Pension

₹22,793

Corpus Breakdown

₹1,13,96,627corpus
Contribution (16%)
Interest (84%)
Lumpsum (60%)
Annuity (40%)
Minimum 40% of corpus must be used to buy annuity as per NPS rules. Return rates are assumed and may vary. Actual NPS returns depend on fund manager performance and asset allocation.

NPS Tax Benefits

  • Section 80CCD(1): Employee contribution up to 10% of salary (within ₹1.5L limit of 80C)
  • Section 80CCD(1B): Additional ₹50,000 deduction over and above 80C limit
  • Section 80CCD(2): Employer contribution up to 14% of salary (Central Govt) / 10% (others) - no upper cap
  • Lumpsum at Retirement: Up to 60% of corpus is tax-free on withdrawal
  • Annuity: Minimum 40% must be used to purchase annuity. Pension received is taxable.
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Disclaimer: This calculator is for informational and educational purposes only.
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Comparing NPS to mutual fund SIPs? NPS gives you the additional Rs 50,000 deduction under Section 80CCD(1B) plus 60% tax-free corpus at maturity, but locks 40% into a mandatory annuity. For pure equity SIP projection with annual step-up and inflation adjustment, use the SIP Calculator with Step-Up. Most retirement plans use both - NPS for the tax break, equity SIPs for the liquid growth corpus.

Frequently Asked Questions

What is NPS?+
NPS (National Pension System) is a government-sponsored pension scheme that invests your contributions in a mix of equity, corporate bonds, and government securities to build a retirement corpus.
How much tax benefit does NPS provide?+
NPS offers tax deduction up to Rs 1.5 lakh under Section 80CCD(1) within the 80C limit, plus an additional Rs 50,000 under Section 80CCD(1B).
What happens at NPS maturity?+
At age 60, you must use at least 40% of the corpus to buy an annuity (pension). Up to 60% can be withdrawn as a lump sum, which is tax-free.