About the NPS Calculator (National Pension Scheme)
Calculate your retirement corpus and monthly pension with the National Pension Scheme (NPS) Calculator. Understanding how this works can significantly improve your financial planning. This tool is designed to provide you with the most accurate and up-to-date calculations required for your specific needs.
The Mathematical Formula
How to use this calculator?
Enter Monthly Contribution
Input how much you plan to invest in your NPS account every month.
Enter Current Age
Your age determines how many years your money has to grow before the maturity age of 60.
View Pension
The calculator splits your final corpus into a tax-free lumpsum and a mandatory annuity that provides your monthly pension.
Frequently Asked Questions (FAQs)
Q. Can I withdraw 100% of my NPS corpus at age 60?
No, you can withdraw a maximum of 60% as a tax-free lumpsum. The remaining 40% MUST be used to purchase an annuity, which provides you with a regular monthly pension.
Q. Is NPS investment tax deductible?
Yes, you can claim up to รขโยน1.5 Lakh under 80C, plus an exclusive additional deduction of รขโยน50,000 under section 80CCD(1B) in the old tax regime.
Disclaimer: This tool is provided for general utility and informational purposes only. While we strive for accuracy, we make no guarantees regarding the results. Please verify the outputs before using them for any critical applications.