NPS Pension Estimator
Estimate your NPS corpus at retirement, expected monthly pension, and lump sum payout based on your contributions.
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How this calculator works
NPS (National Pension System) is a government-regulated retirement savings scheme. At 60, you can withdraw 60% of corpus as lump sum (tax-free) and must use 40% to buy an annuity for monthly pension. NPS gives an extra ₹50,000 deduction under 80CCD(1B) beyond the ₹1.5L 80C limit.
Corpus = Monthly Contribution × [(1+r)^months − 1] / r × (1+r) | Pension = 40% of Corpus × Annuity rate / 12
Last updated: March 2026 · Rates and slabs updated for FY 2025-26
Extra ₹50K deduction
Section 80CCD(1B) allows ₹50,000 extra deduction for NPS — this is over and above your 80C limit.
60:40 split at 60
You get 60% as tax-free lump sum at 60. The 40% used for annuity is also tax-exempt at purchase.
Choose Tier I first
Tier I is the locked pension account (tax benefits apply). Tier II is a voluntary savings account with no tax benefits.
Frequently Asked Questions
Section 80CCD(1B) allows ₹50,000 extra deduction for NPS — this is over and above your 80C limit.
You get 60% as tax-free lump sum at 60. The 40% used for annuity is also tax-exempt at purchase.
Tier I is the locked pension account (tax benefits apply). Tier II is a voluntary savings account with no tax benefits.