NPS Calculator
Plan your retirement with the National Pension System and estimate your monthly pension
NPS Calculator
📖 GuideNPS matures at age 60
Rate offered by annuity provider
Minimum 40% must be used for annuity
📋 NPS Key Rules
- • Minimum 40% of corpus must be used to buy annuity
- • Remaining 60% can be withdrawn as tax-free lumpsum
- • NPS matures at age 60 (superannuation)
- • Tax deduction under Sec 80CCD(1), 80CCD(1B), 80CCD(2)
Understanding National Pension System (NPS)
What is NPS?
The National Pension System (NPS) is a government-sponsored retirement savings scheme regulated by PFRDA. It allows individuals to contribute regularly during their working years and build a retirement corpus. NPS invests in equity, corporate bonds, and government securities based on your chosen allocation.
Tax Benefits (80CCD)
NPS offers triple tax benefits: up to ₹1.5 lakh under Section 80CCD(1) within 80C limit, additional ₹50,000 under Section 80CCD(1B), and employer contribution up to 10% of salary under Section 80CCD(2). The 60% lumpsum withdrawal at maturity is completely tax-free.
Annuity at 60
At age 60, you must use at least 40% of your NPS corpus to purchase an annuity plan from an empanelled insurer. This annuity provides a regular monthly pension for life. The remaining 60% (or less) can be withdrawn as a tax-free lumpsum amount.