NPS Calculator: National Pension Scheme Maturity & Monthly Pension Planner
NPS Pension Calculator
Maturity & Monthly Pension Planner
Calculate your National Pension System retirement corpus, tax-free lumpsum, estimated monthly pension, Section 80CCD(2) employer tax savings, and inflation-adjusted payouts.
NPS Tier-I Calculator
Monthly Contribution • Return • Retirement
Enter your NPS details and click
Calculate NPS to see results
💰 Annual Tax Savings Breakdown
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What is the National Pension System (NPS)?
The National Pension System (NPS) is an Indian government-sponsored voluntary retirement savings scheme regulated by the PFRDA (Pension Fund Regulatory and Development Authority). Designed to provide long-term social security, it allows subscribers to build a substantial retirement fund through systematic contributions invested in equity, corporate bonds, and government securities.
How to Use This NPS Calculator (Step-by-Step)
Monthly Contribution
Set your monthly deposit amount into your Tier-I account.
Expected Return (%)
Choose estimated CAGR based on your equity/debt asset allocation.
Age & Tenure
Set current age and intended retirement age (auto-validated).
Annuity Allocation
Select annuity percentage (minimum 40% as per PFRDA regulations).
Get Instant Output
See maturity corpus, 60% tax-free lumpsum, and monthly pension.
NPS Tier-I vs Tier-II Account Difference
| Feature | Tier-I Account (Mandatory Pension) | Tier-II Account (Voluntary Savings) |
|---|---|---|
| Withdrawals | Locked until age 60 (Partial early exit permitted under rules) | No lock-in, withdraw anytime with zero exit loads |
| Tax Benefits | Eligible for Sec 80C, Sec 80CCD(1B) & Sec 80CCD(2) | No tax benefits (Except for Govt employees under 80C) |
| Annuity Rule | Minimum 40% mandatory annuity purchase at age 60 | No annuity requirement; 100% lumpsum withdrawal |
NPS Tax Deduction Rules Explained
- Section 80CCD(1) [Within 80C Limit]: Up to ₹1,50,000 deduction on self-contributions (subject to 10% of salary for salaried individuals or 20% of gross income for self-employed).
- Section 80CCD(1B) [Exclusive Bonus]: Additional ₹50,000 exclusive tax deduction over and above the ₹1.5 lakh Section 80C limit.
- Section 80CCD(2) [Employer Contribution]: Employer contributions up to 10% of Basic + DA (14% for Central Govt employees) are completely tax-free without any upper rupee ceiling under Section 80C.
- Tax-Free Maturity: 60% lumpsum withdrawal at age 60 is 100% tax-free under current income tax rules.