Calculate the retirement corpus, lump sum, annuity purchase and monthly pension of the NPS (National Pension System). Extra Rs 50K deduction (old 80CCD(1B); NPS deductions are now in s.124 of the Income-tax Act 2025), above the Rs 1.5 lakh limit, old regime only.
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NPS (National Pension System) is a PFRDA-regulated retirement savings scheme. It is mandatory for Government employees (NPS replaced OPS in 2004) and voluntary for the private sector and self-employed. Asset allocation: Equity (E), Corporate Debt (C), Govt Securities (G), Alternative (A). Tier-1 (retirement, lock-in till 60) + Tier-2 (flexible withdrawal).
This free NPS Calculator takes as input your current age, retirement age (default 60), monthly contribution, assumed return (10% is an illustrative default; NPS returns are market-linked and not guaranteed), and annuity rate. Outputs: final corpus at 60, the lump sum (up to 80% for a non-government subscriber; only 60% of the corpus is tax-free), the minimum 20% annuity, and the monthly pension it buys.
NPS returns are market-linked and not guaranteed; NPS is regulated by PFRDA. Illustration only — not tax advice. Tax depends on your full income, the regime you choose and the law in force; please consult a Chartered Accountant (CA) before acting on it.
Tax treatment of NPS: - Own contribution (old 80CCD(1)): up to 10% of salary (salaried) or 20% of gross total income (self-employed), within the Rs 1.5L limit - Old 80CCD(1B): an additional Rs 50,000 over the Rs 1.5L limit - Old 80CCD(2): employer contribution up to 14% of salary (new regime, all employers; old regime, government employers) or 10% (old regime, other employers)
Old vs New Regime: the own-contribution and Rs 50K deductions are available ONLY in the Old Regime. The employer contribution deduction is available in BOTH regimes.
NPS withdrawal rules: - Age 60, non-government: up to 80% lump sum, at least 20% buys an annuity; corpus of Rs 8 lakh or less may be withdrawn in full. Government: up to 60% lump sum, at least 40% annuity; a corpus of Rs 5 lakh or less may be withdrawn in full. Only 60% of the corpus is tax-free; annuity income is taxed at slab - The account can continue up to age 85 - Premature exit (before 60, 10 yrs): 80% annuity + 20% lumpsum - Death: Full corpus to nominee (tax-free) - Critical illness / disability: Earlier withdrawal allowed
Auto Choice vs Active Choice: - Auto: PFRDA decides equity-debt mix based on age (LC25, LC50, LC75 — Life Cycle options) - Active: You choose — Equity max 75% (declining 2.5% per year from age 50).
NPS vs PPF vs EPF: - NPS: Higher return potential (equity exposure), extra Rs 50K deduction (old regime), but at least 20% of the corpus (40% for government subscribers) must buy an annuity - PPF: Government-backed; 7.1% now, revised quarterly; tax-free at maturity; no equity - EPF: 8.25%, employer matches your contribution (12% basic each), mandatory salaried
The three differ in liquidity, equity exposure, tax treatment and the annuity requirement; many investors hold more than one.
You can use this same tool for free in Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Kolkata, Pune, Ahmedabad, Sirsa, and Mandi Dabwali. Seamless across mobile and desktop. You can also download a branded PDF.
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