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NPS Calculator

NPS Calculator

Calculate retirement corpus, lump sum withdrawal, and monthly annuity pension under National Pension System.

All Calculators
Total Corpus
₹1.17 Cr
Lumpsum (60%)
₹70.20 L
Monthly Pension
₹23,400

NPS Allocation (Lump sum vs Annuity)

Total Outflow Invested: ₹18,00,000
Annuity Pension Corpus: ₹46,80,000
Est. Tax Saved under Sec 80CCD(1B): ₹4.50 Lakhs (30% slab)

Understanding National Pension System (NPS)

The National Pension System (NPS) is a SEBI & PFRDA-regulated voluntary retirement savings scheme designed to enable systematic savings during your working years and provide a steady monthly income after retirement.

Key NPS Rules & Tax Benefits

  • Additional Tax Deduction (Sec 80CCD 1B): Enjoy an exclusive tax deduction of up to ₹50,000 per year over and above the ₹1.5 Lakh limit under Section 80C.
  • Tax-Free Lumpsum Withdrawal (60%): Upon reaching superannuation at age 60, up to 60% of the accumulated corpus can be withdrawn as a tax-free lump sum.
  • Mandatory Annuity Purchase (40%): A minimum of 40% of the corpus must be used to purchase an annuity policy from a PFRDA-registered Annuity Service Provider to generate a lifelong monthly pension.
  • Asset Allocation Choices: Flexible mix of Equity (E), Corporate Bonds (C), Government Securities (G), and Alternative Assets (A).

Worked Example

If an investor starts contributing ₹5,000/month at age 30 until age 60 at an expected 10% annual return, the total investment of ₹18 Lakhs grows into a retirement corpus of approximately ₹1.13 Crore. At retirement, ₹67.8 Lakhs (60%) can be withdrawn 100% tax-free, while ₹45.2 Lakhs (40%) generates an estimated monthly pension of ₹22,600 at a 6% annuity rate.

Calculator Disclaimer — One Source Financial Services (ARN: 48230)

This calculator is provided for general informational and illustrative purposes only. The maturity values, returns, and projections shown are indicative estimates calculated using standard compound interest assumptions based on the user's inputs — they do not constitute financial advice, guaranteed returns, or official commitments from One Source Financial Services or product issuers. Actual returns are subject to market volatility, load structures (TER), compounding conventions, applicable Tax Deducted at Source (TDS), and capital gains taxes. Please consult official scheme information documents (SID / KIM) and seek professional financial guidance before making investment decisions.