NPS Calculator
Corpus projection to age 60, plus the mandatory annuitization split most calculators skip entirely.
This is a calculator, not tax advice. It estimates outcomes based on publicly available rules and typical provider pricing — it does not account for your specific circumstances. Rules and rates change. Verify anything you rely on with a qualified CA before you act on it. NPS returns are market-linked and not guaranteed — the return rate you enter is an assumption, not a promise.
Projected to age 60 — 30 years to go.
Total invested
₹18,00,000
Corpus at 60
₹1,13,02,440
What you actually get to do with it
PFRDA rules require at least 40% of your corpus to buy an annuity (a monthly pension) — you can't withdraw the whole thing as a lump sum, unlike most other investments.
- Must go to annuity (min. 40%)
- ₹45,20,976
- Max tax-free lump sum (up to 60%)
- ₹67,81,464
Section 80CCD(1B) deduction this year: ₹50,000 (capped at ₹50,000, old regime only, over and above the ₹1.5L 80C limit). But your employer's NPS contribution under Section 80CCD(2) is deductible under both tax regimes — one of the very few deductions that survives the new regime. If your employer offers NPS as part of your salary structure, that part is worth using regardless of which regime you file under.
How this is calculated
Corpus projection compounds your monthly contribution at your assumed annual return, month by month, to age 60. At retirement, PFRDA rules mandate that at least 40% of that corpus be used to purchase an annuity — this tool applies that split explicitly rather than showing you a single number that implies the whole thing is yours to spend.
On the deduction side: your own contribution qualifies for Section 80CCD(1B) up to ₹50,000/year (old regime only, on top of your 80C limit), while any employer contribution qualifies under Section 80CCD(2) — one of the very few deductions that survives under the new regime too.
Frequently asked questions
Can I withdraw my entire NPS corpus as a lump sum at retirement?
No — PFRDA rules require a minimum of 40% of your accumulated corpus to be used to purchase an annuity, which pays you a monthly pension. You can withdraw up to 60% as a lump sum, and that portion is tax-exempt under Section 10(12A), but the annuity portion is mandatory.
What's the difference between 80CCD(1B) and 80CCD(2)?
80CCD(1B) is an additional ₹50,000 deduction for your OWN contribution, on top of the ₹1.5L Section 80C limit — but it's old regime only. 80CCD(2) is for your EMPLOYER's contribution to your NPS account, and unlike almost every other deduction, it's available under both the old AND new tax regimes.
Is the monthly pension from the annuity taxed?
Yes — annuity income received after retirement is taxed as regular income in the year you receive it, at your applicable slab rate then. This calculator projects the corpus and the mandatory split, not the eventual annuity income, since that depends on annuity rates decades from now that can't be reliably projected.
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