NPS Calculator

Up to 60% as a lump sum, and the whole of that is tax-free under section 10(12A). The remaining 40% or more must be used to buy an annuity from a PFRDA-empanelled insurer, and the pension it pays is taxed as income. If the corpus is ₹5 lakh or less you can withdraw all of it without buying an annuity.

NPS returns are not fixed. Over the long run the equity schemes (E) have returned around 12–14% a year, corporate bond schemes (C) around 8–9% and government bond schemes (G) around 8%, so a blended portfolio has sat near 9–11%. Under the auto-choice life-cycle funds the equity share falls as you age, which lowers the later years’ return. 8–10% is a defensible assumption; the calculator lets you set it.

The annuity portion of the corpus multiplied by the annuity rate, divided by twelve. ₹40 lakh at 6% is ₹2.4 lakh a year, ₹20,000 a month. Annuity rates depend on age at purchase and the option chosen — an annuity that returns the purchase price to your nominee pays a lower rate than one that does not.

Under the old regime: your own contribution up to 10% of salary (basic + DA) within the ₹1.5 lakh section 80C ceiling under 80CCD(1), plus an extra ₹50,000 under 80CCD(1B). Under both regimes: an employer’s contribution up to 14% of salary under 80CCD(2). Only the employer contribution survives in the new regime. The calculator projects the corpus; it does not compute the tax saving.

Yes. Exit can be deferred to 75 and contributions continued; the calculator accepts an exit age from 60 to 75. Deferring both lengthens the compounding and typically raises the annuity rate available, since it is bought at an older age.

Both, in two steps. As a national pension scheme calculator it projects the Tier 1 corpus from your monthly contribution, the years to 60 and the return you assume. As an NPS pension calculator it then applies the exit rules: at least 40% of the corpus must buy an annuity, and the monthly pension is that annuity amount multiplied by the annuity rate you enter, typically 5% to 7% a year. The remaining share, up to 60%, can be withdrawn as a tax-free lump sum, and the page shows both figures side by side.

The direction of the question. An NPS returns calculator asks what a given return does to the corpus: change the assumed rate from 8% to 10% and see the effect at 60. An NPS maturity calculator fixes the return and reports the corpus, the 40% annuity purchase and the 60% lump sum at maturity. An NPS Tier 1 calculator is both of those applied to the retirement account, which is the one with the lock-in and the tax rules; Tier 2 is a separate voluntary account without them. This page runs the Tier 1 case and lets you vary the return.