NPS Calculator
Calculate National Pension Scheme corpus at retirement with Section 80C and 80CCD(1B) tax benefits. Free NPS maturity calculator for India.
NPS offers Section 80C deduction (up to ₹1.5L) plus extra ₹50,000 under 80CCD(1B). At maturity, 40% lumpsum is tax-free; 60% must go to annuity (taxable).
How to Use
Step-by-step guide to get the most from this tool
- 1
Enter age and retirement target
Set your current age and planned retirement age to determine investment horizon.
- 2
Add contributions
Enter your monthly NPS contribution and any employer matching amount.
- 3
Set return and tax slab
Choose expected return rate and your income tax slab for benefit estimation.
- 4
Review corpus and tax savings
See projected corpus, lumpsum vs annuity split, and annual tax savings with growth chart.
Features
What makes this tool stand out
Tax benefit estimator
Calculate 80C and 80CCD(1B) savings based on your slab.
Corpus projection
Year-wise growth chart to retirement age.
Lumpsum vs annuity
See 40/60 split at maturity per NPS rules.
Employer match
Include employer NPS contributions in projection.
Return presets
Quick conservative, moderate, and aggressive return rates.
India-specific
Built for NPS rules, limits, and tax sections.
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Frequently Asked Questions
Quick answers to common questions
What is NPS?+
National Pension System (NPS) is a government-sponsored retirement savings scheme in India. It invests in equity, corporate debt, and government securities with tax benefits under Section 80C and an additional ₹50,000 under 80CCD(1B).
How is NPS corpus calculated?+
Your monthly contributions (plus employer match) compound at the expected annual return until retirement. The calculator projects year-wise growth based on your contribution amount and investment horizon.
What tax benefits does NPS offer?+
Employee contributions qualify for Section 80C (up to ₹1.5 lakh). An additional ₹50,000 deduction is available under Section 80CCD(1B), independent of the 80C limit.
What happens at NPS maturity?+
At age 60, you must use at least 40% of the corpus to buy an annuity (taxable pension income). Up to 40% can be withdrawn as a tax-free lumpsum. The remaining 20% can be withdrawn or used for annuity.
What return rate should I use for NPS?+
NPS equity funds have historically returned 10–12% p.a. over long periods. Conservative allocation may yield 8–9%. Use the preset buttons or adjust based on your chosen asset allocation.
Can my employer contribute to NPS?+
Yes. Employer contributions up to 10% of basic salary are deductible for the employer and not taxable for the employee up to 14% of salary (including employee contribution) under Section 80CCD(2).
Is NPS better than PPF?+
NPS offers higher return potential through equity exposure but has mandatory annuity purchase at maturity. PPF is risk-free with tax-free returns and no annuity requirement. Many investors use both.
When can I withdraw from NPS?+
Partial withdrawal is allowed after 3 years for specific purposes (education, marriage, medical). Full withdrawal is permitted at age 60, or after 10 years with 80% annuity purchase if exiting early.