NPS Calculator
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Quick Summary
- Calculate your NPS maturity corpus, lump-sum withdrawal and expected monthly pension. Enter contribution, age and return rate. Free NPS calculator.
- For example, ₹5,000/month for 30 years at 10% blended return works out to Corpus ≈ ₹1.14 crore · tax-free lump sum ≈ ₹68 lakh.
- Built for salaried and self-employed individuals planning NPS contributions for retirement and extra 80CCD(1B) tax benefit
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NPS Details
Total NPS Corpus at 60
Total Invested
₹0
40% Lump Sum
₹0
Monthly Pension
₹0/mo
💡 NPS Tax Benefits
₹1.5L under 80C + additional ₹50K under 80CCD(1B) = up to ₹2L tax deduction. At 30% tax slab, saves ₹62,400 in tax annually.
How the NPS Calculator Works
Your monthly NPS contribution grows at your chosen blended equity/debt return rate until retirement. At 60, the calculator applies the standard 60% tax-free lump sum withdrawal and shows the remaining 40% that goes toward a mandatory annuity for your monthly pension.
Example Scenarios
| Scenario | Result |
|---|---|
| ₹5,000/month for 30 years at 10% blended return | Corpus ≈ ₹1.14 crore · tax-free lump sum ≈ ₹68 lakh |
| ₹10,000/month for 20 years at 10% | Corpus ≈ ₹76.6 lakh · tax-free lump sum ≈ ₹45.9 lakh |
| Additional ₹50,000/year under 80CCD(1B) | Up to ₹15,600 extra tax saved at the 30% slab |
* Illustrative estimates assuming constant annual returns. Actual results vary with market conditions.
Frequently Asked Questions
The National Pension System (NPS) is a government-regulated retirement savings scheme where contributions are invested in a mix of equity, corporate bonds and government securities, and grow until retirement, after which part of the corpus can be withdrawn and the rest used to buy an annuity for regular pension income.
NPS offers an additional ₹50,000 deduction under Section 80CCD(1B), over and above the ₹1.5 lakh 80C limit. At the 30% tax slab, this alone can save up to ₹15,600 in tax annually, in addition to any 80C benefit.
At retirement (age 60), you can withdraw up to 60% of the accumulated NPS corpus as a lump sum, tax-free. The remaining 40% must be used to purchase an annuity, which provides you a regular monthly pension (taxable as income).
Common Mistakes to Avoid
- Forgetting the mandatory 40% annuity purchase — only 60% of the corpus is available as a tax-free lump sum.
- Choosing an overly conservative equity allocation early in your career, reducing long-term growth.
- Not claiming the additional ₹50,000 deduction under Section 80CCD(1B) on top of the 80C limit.
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* Calculations assume constant annual returns. Actual mutual fund returns vary. Past performance is not indicative of future results. FD comparison uses 7% p.a. SIP returns are compounded monthly.
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