NPS Calculator
Calculate National Pension System retirement corpus, monthly pension, and tax benefits
NPS Details
NPS Rules
- • Minimum 40% must be used for annuity purchase
- • Maximum 60% can be withdrawn as tax-free lumpsum
- • Tax benefit: Up to ₹2L under Section 80CCD(1B)
- • Lock-in period: Until age 60 (partial withdrawal after 3 years)
Real Returns Analysis
See purchasing power after inflation & tax
NPS Retirement Plan
Total Corpus at 60
₹2,27,93,253
Total Investment
₹36,00,000
Tax-Free Lumpsum
₹1,36,75,952
Monthly Pension
₹45,587
Total Returns
₹1,91,93,253.242
Annual Tax Benefit
₹36,000
Investment Period
30 Years
From age 30 to 60
Tax benefit: ₹36,000 annually under 80CCD(1B)
Lumpsum (60%) is tax-free at withdrawal
Pension income is taxable as per income tax slab
Withdrawal Scenarios at Retirement
| Scenario | Lumpsum | Monthly Pension | Annuity Amount |
|---|---|---|---|
| 40% Annuity (Minimum) | ₹1,36,75,951.945 | ₹45,586.506 | ₹91,17,301.297 |
| 60% Annuity | ₹91,17,301.297 | ₹68,379.76 | ₹1,36,75,951.945 |
| 80% Annuity | ₹45,58,650.648 | ₹91,173.013 | ₹1,82,34,602.593 |
| 100% Annuity | ₹0 | ₹1,13,966.266 | ₹2,27,93,253.242 |
* Lumpsum withdrawal is tax-free. Monthly pension is taxable as per income tax slab.
Retirement Options Comparison
| Option | Corpus | Monthly Pension | Tax Benefit | Features |
|---|---|---|---|---|
| NPS | ₹2,27,93,253.242 | ₹45,586.506 | ₹10,80,000 | Pension + Tax benefit |
| PPF | ₹1,25,16,804.578 | Not applicable | ₹10,80,000 | EEE + 15yr lock-in |
| Mutual Funds | ₹3,52,99,137.741 | Flexible withdrawal | ₹0 | High liquidity |
* PPF rate: 7%. Mutual fund assumed 12% returns.
NPS Retirement
Total Corpus
₹2,27,93,253
Tax-Free Lumpsum
₹1,36,75,952
Monthly Pension
₹45,587
Investment Summary
Investment Period: 30 years
Total Investment: ₹36,00,000
Total Returns: ₹1,91,93,253.242
Tax Benefits
Annual Tax Benefit: ₹36,000
Lifetime Tax Benefit: ₹10,80,000