NPS Calculator
Calculate maturity value, annuity, and pension benefits of your National Pension Scheme investments.
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Insights & Questions
Everything you need to know about NPS calculations.
The National Pension System (NPS) is a voluntary, long-term retirement savings scheme designed to enable systematic savings. It is regulated by the PFRDA and is open to all Indian citizens between 18 and 70 years.
The calculator takes your current age, monthly contribution, and expected return to estimate your total corpus at age 60. It also calculates the amount available for a lump-sum withdrawal and the expected monthly pension from the annuity.
NPS offers tax benefits under Section 80C up to ₹1.5L. Additionally, you can claim an exclusive deduction of up to ₹50,000 under Section 80CCD (1B), making the total tax deduction ₹2 Lakhs per year.
Yes, currently the 60% lump sum withdrawal at age 60 is entirely tax-free. The remaining 40% must be used to buy an annuity, and the pension received from that annuity is taxed as per your income slab.
Tier-I is the mandatory retirement account with tax benefits but restricted withdrawals. Tier-II is a voluntary savings account with no tax benefits but the flexibility to withdraw money at any time.
In the event of the unfortunate death of the subscriber, the entire accumulated pension corpus (100%) is paid to the nominee or legal heir of the subscriber.