🏢 NPS Calculator
Calculate your NPS retirement corpus, pension estimate, and lumpsum withdrawal.
Enter NPS Details
Enter your NPS details
Fill in the form to see your projected retirement corpus and pension estimate.
- Extra ₹50K deduction: Section 80CCD(1B) gives ₹50,000 deduction OVER AND ABOVE the ₹1.5L limit of 80C
- At retirement: 60% lump sum (tax-free), 40% must buy annuity (pension). The annuity gives monthly income for life
- Choose Active choice: Pick your own equity-debt-govt mix instead of the default age-based "Auto" allocation for potentially better returns
- Lowest cost MF: NPS fund management charges are just 0.01-0.09% — the cheapest in India
💡 Understanding NPS
NPS Tier I vs Tier II
Tier I is the main pension account with lock-in till 60. Tier II is a voluntary savings account with no lock-in — works like a mutual fund.
Tax Benefits (80CCD)
Up to ₹1.5L under 80CCD(1) within 80C limit. Additional ₹50,000 under 80CCD(1B) — exclusive to NPS. Employer contribution up to 10% of salary under 80CCD(2).
Asset Allocation
Choose between Equity (E), Corporate Bonds (C), Government Securities (G), and Alternative (A). Active choice lets you pick; Auto choice adjusts by age.
📋 NPS Withdrawal Rules
At 60 (Normal Exit): 60% lumpsum (tax-free) + 40% mandatory annuity (pension taxable as income).
Before 60 (Premature Exit): Only 20% lumpsum allowed; 80% must go to annuity. Minimum 10 years of contribution required.
Partial Withdrawal: Allowed for specific purposes (education, medical, home purchase) — max 25% of own contributions after 3 years.
📌 Next Steps
NPS is best for the extra ₹50K tax deduction under 80CCD(1B). Combine with PPF and ELSS for optimal tax saving.
Try our Retirement Calculator for overall planning, or Income Tax Calculator to see full tax impact.
⚠️ Calculator Disclaimer: NPS returns are market-linked and NOT guaranteed. The pension estimate assumes a 6% annuity rate which may vary. Actual corpus depends on market performance, fund manager, and asset allocation. Tax laws may change. This tool is for educational purposes only — not financial advice. Consult a SEBI-registered advisor.
| Instrument | Regulator | Tax benefit limit | Equity component | Exit at 60 | Tax on exit |
|---|---|---|---|---|---|
| NPS Tier 1 | PFRDA | 80CCD(1): ₹1.5L + 80CCD(1B): ₹50K extra | Up to 75% in E class | 60% lump sum + 40% annuity | 60% lump sum exempt; annuity taxed as income |
| EPF (employer-linked) | EPFO (MoL) | 12% of basic salary (employer matches) | 15% in ETFs via EPFO | Full withdrawal available | Exempt after 5 yr continuous service |
| PPF | MoF | ₹1.5L/yr (within overall 80C) | None (G-Sec debt only) | No mandatory exit age | Fully exempt (EEE status) |
| Annuity Plan | IRDAI | No specific deduction limit | None (guaranteed income) | Guaranteed monthly income | Annuity income taxable as salary |
💡 How NPS Works
Extra Tax Benefit
NPS offers extra 50,000 deduction under Section 80CCD(1B) — over and above the 1.5 lakh 80C limit.
Market-Linked Growth
NPS invests in equity, corporate bonds, and government securities. You choose the mix based on risk appetite.
Retirement Annuity
At 60, you can withdraw 60% lump-sum (tax-free) and must use 40% to buy an annuity for regular pension.
📌 What To Do Next
NPS is designed for retirement. Use the Retirement Planner to check if your NPS + other savings meet your retirement goal. Always consult a qualified financial advisor before making any financial decisions.
Plan Your Full Retirement →