Calculate your NPS (National Pension System) corpus at retirement and estimated monthly pension. NPS is a government-backed retirement savings scheme with market-linked returns — typically 8-12% depending on your asset allocation choice.
Our calculator shows the complete picture: total corpus, lump sum withdrawal (60% tax-free), annuity amount (40% minimum for pension), estimated monthly pension, and tax savings under Section 80CCD(1B) — an additional ₹50,000 deduction over and above the ₹1.5 lakh 80C limit.
How to Use This Calculator
- Enter your monthly NPS contribution.
- Enter current age and retirement age.
- Select expected return rate (Conservative 8%, Moderate 10%, Aggressive 12%).
- Set annuity percentage (minimum 40%).
- Click “Calculate” to see corpus, pension, and tax savings.
Frequently Asked Questions
What is the extra tax benefit of NPS under 80CCD(1B)?
Section 80CCD(1B) allows an additional deduction of up to ₹50,000 for NPS contributions, over and above the ₹1.5 lakh limit under Section 80C. At the 30% tax slab, this saves ₹15,600 in taxes annually (₹50,000 × 31.2% including cess). This is available only under the Old Tax Regime.
How much pension will I get from NPS?
It depends on your corpus and annuity rate. At retirement, at least 40% of your NPS corpus must be used to buy an annuity (pension plan). If your corpus is ₹1 crore and you allocate 40% (₹40 lakh) to annuity at 6% rate, your monthly pension would be approximately ₹20,000.
Is NPS better than PPF?
NPS offers potentially higher returns (8-12% market-linked) but with partial taxation. PPF offers guaranteed 7.1% with full tax exemption (EEE). NPS has a lock-in until 60, while PPF matures in 15 years. NPS is better for aggressive investors seeking higher growth; PPF is safer and fully tax-free.