NPS Calculator
Calculate National Pension System corpus and pension.
About NPS Calculator
The NPS Calculator is one of the tools retirement savers and salaried employees reach for most on ToolsOfIndia, and it works equally well on a phone or a desktop. Project the NPS corpus and the monthly pension by entering your age, monthly contribution, expected return and the annuity rate you plan to buy at 60. The extra Rs 50,000 deduction under 80CCD(1B), which sits on top of the Rs 1.5 lakh 80C limit, is highlighted because it is the single biggest reason salaried Indians take up NPS. The mandatory 40 per cent annuity purchase and the 60 per cent tax-free lump sum at exit are modelled, and the tool shows both the lump sum you receive and the monthly pension it generates, so the trade-off between withdrawal and annuity is clear. Wherever rules differ by slab, state or regime, the tool shows the full breakup instead of hiding it inside one opaque number. It earns its keep when claiming the extra 50,000 80CCD(1B) deduction, when estimating the pension at age 60, and whenever deciding the annuity portion. Everything is free with no usage caps, and nothing asks for your email address.
How to Use the NPS Calculator
- Open the NPS Calculator tool above — it loads instantly in your browser.
- Enter your values in the input fields provided.
- The result updates immediately — no calculate button needed (or click Calculate where shown).
- Copy or use your result directly. Nothing is stored or sent to any server.
Key Features of NPS Calculator
- Employee/employer
- Annuity calculation
- Tax benefits
- Corpus and pension estimate
- 80CCD(1B) extra deduction
- 40 per cent annuity model
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Frequently Asked Questions
How does NPS work?
National Pension System (NPS) is a government-backed retirement savings scheme where you contribute during working years and receive a pension after retirement at age 60.
What are NPS contribution limits?
Minimum annual Tier I contribution is Rs. 1,000. Tax benefits: up to Rs. 1.5L under 80C + additional Rs. 50,000 under 80CCD(1B). Employer contributions up to 10% of salary (14% for govt) are tax-free.
How much pension will I get from NPS?
At 60, you must use minimum 40% of corpus to buy an annuity (pension). The remaining 60% can be withdrawn lump sum (tax-free). Your pension depends on corpus size and annuity rates.
What is the 80CCD(1B) deduction?
It is an extra Rs 50,000 deduction for NPS contributions, available over and above the Rs 1.5 lakh limit under section 80C, in both old and new regimes.
Can I withdraw the whole NPS corpus at 60?
Only 60 per cent can be taken as a tax-free lump sum; at least 40 per cent must be used to buy an annuity that pays a monthly pension.