NPS Pension Calculator
Plan your retirement under the National Pension System. Calculate your lumpsum maturity and monthly pension income.
Total Corpus at Maturity
₹ 0
60% Lumpsum Withdrawal
₹ 0
Estimated Monthly Pension
₹ 0
NPS Highlights
- Regulated by PFRDA.
- Market-linked returns (Higher than EPF/PPF usually).
- Additional tax deduction of ₹50,000 under 80CCD(1B).
Related Tools
What is the National Pension System (NPS)?
The NPS is a voluntary, long-term retirement savings scheme designed to enable systematic savings. It is a mix of equity, corporate bonds, and government securities. For Central Government employees, it is mandatory to contribute 10% of Basic+DA, with a matching 14% from the government.
Withdrawal Rules at 60
Once you reach the age of 60, you can withdraw up to 60% of the corpus as a tax-free lumpsum. The remaining 40% must be used to purchase an annuity, which provides you with a regular monthly pension for life.
Frequently Asked Questions (FAQ)
1. Can I withdraw NPS money before 60?
Partial withdrawals (up to 25% of your contribution) are allowed after 3 years for specific reasons like education, marriage, or home purchase. Complete exit before 60 is allowed, but 80% must be used for annuity.
2. How much tax can I save with NPS?
You get deduction up to ₹1.5 Lakh under 80C. Over and above this, you get an exclusive deduction of ₹50,000 under Section 80CCD(1B), making it a total of ₹2 Lakhs.
3. What are Tier-I and Tier-II accounts?
Tier-I is the primary retirement account with tax benefits but withdrawal restrictions. Tier-II is a voluntary savings account with no tax benefits but allows anytime withdrawal.