NPS Calculator
Calculate your National Pension System maturity amount, monthly contributions, and retirement planning with accurate projections and tax benefits analysis.
NPS Calculation Results
NPS Summary:
Lump Sum
Annuity Purchase
Tax Saved (Annual)
Additional Details:
About NPS
National Pension System (NPS) is a government-backed retirement savings scheme designed to provide financial security post-retirement with tax benefits and market-linked returns.
Why Choose NPS
Low-cost investment option with additional tax benefits under Section 80CCD(1B), professional fund management, and flexible withdrawal options at maturity.
Features
Maturity calculations, monthly contribution planning, Tier I vs Tier II comparison, tax benefit analysis, and retirement corpus projections with annuity options.
Benefits
Plan retirement systematically, maximize tax savings, understand withdrawal options, compare investment tiers, and make informed pension decisions for financial independence.
Select Calculation
Choose from maturity amount calculation, required contribution planning, tier comparison, or tax benefit analysis based on your retirement planning needs.
Enter Details
Input your age, retirement age, monthly contributions, expected returns, and other parameters for accurate NPS calculations and projections.
Analyze Results
Review detailed breakdowns including maturity corpus, monthly pension, tax benefits, and withdrawal options to optimize your retirement planning strategy.
Frequently Asked Questions – NPS Calculator
Tier I is the main pension account with lock-in until age 60, offering tax benefits under 80C and 80CCD(1B). Tier II is a voluntary savings account without lock-in period but with limited tax benefits. Tier I has higher returns due to longer investment horizon and government backing.
NPS offers tax benefits under Section 80CCD(1) up to 10% of salary and additional 50,000 under 80CCD(1B). For example, if you’re in 30% tax slab and invest 50,000 annually, you save 15,000 in taxes. Total deduction can go up to 2 lakh including other 80C investments.
At maturity (age 60), you can withdraw up to 60% as lump sum (40% tax-free, 20% taxable) and must purchase annuity with remaining 40%. Partial withdrawals allowed after 3 years for specific purposes like education, marriage, medical treatment. Premature exit allowed after age 60 with 80% annuity purchase.
NPS returns depend on fund performance and asset allocation. Historically, equity funds have given 10-12% returns, while debt funds give 7-9%. Your returns depend on Active Choice (you decide allocation) or Auto Choice (lifecycle-based allocation). Calculator uses compound interest formula with annual contributions.
NPS offers unique advantages: additional tax benefit of 50,000 over 80C limit, low cost (0.01-0.25% fund management fees), government backing, and professional fund management. However, it has lock-in until 60 and mandatory annuity purchase. Compare with PPF, ELSS, and other options based on your risk profile and liquidity needs.