NPS Calculator — Corpus, Monthly Pension & 80CCD Tax Benefits
Calculate your NPS corpus at 60, monthly pension and total 80CCD tax benefits free — including the additional ₹50,000 deduction under 80CCD(1B) over and above the 80C limit. Updated for FY 2025-26.
Last updated: June 2026
Fund choice
Auto Choice shifts equity down with age. Active Choice lets you pick E/C/G.
NPS equity funds have historically returned 10–12%.
Rate offered by empanelled annuity providers at maturity.
Minimum 40% must buy an annuity. The balance (up to 60%) is a tax-free lump sum.
Your NPS at age 60
- Total corpus at age 60
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- Lump sum (tax-free, up to 60%)
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- Amount for annuity (min 40%)
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- Monthly pension
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- Total invested
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- Total returns generated
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NPS Tax Benefits — FY 2025-26
- 80CCD(1): up to ₹1,50,000 (within the overall 80C limit)
- 80CCD(1B): an extra ₹50,000 — over and above 80C. Saves ₹15,000/year at the 30% slab.
- 80CCD(2): employer contribution up to 10% of Basic+DA — no upper limit, fully deductible
Total NPS deduction possible: ₹2,00,000+ per year.
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Year-by-year growth
Corpus and returns at the end of each year until age 60.
| Age | Monthly contribution | Corpus | Returns |
|---|
📋 Key NPS rules
- → Maturity at age 60 (mandatory lock-in).
- → Up to 60% of the corpus as a tax-free lump sum.
- → Minimum 40% must buy an annuity; the pension is taxable.
- → Partial withdrawal allowed after 3 years (up to 25%, for specific purposes only).
- → Exit before 60: 80% must buy an annuity, only 20% as lump sum.
- → Tier-I is the retirement account; Tier-II is a flexible add-on.
A free NPS calculator for your retirement pension.
The National Pension System (NPS) is a government-backed, market-linked retirement scheme regulated by the PFRDA. This NPS calculator shows what your Tier-I account could grow to by age 60, how much you can take as a tax-free lump sum, how much goes into an annuity, and the monthly pension that annuity will pay. Just set your age, monthly contribution, expected return, and annuity choices, and every figure updates instantly.
NPS is built around two phases. During the accumulation phase, your monthly contributions are invested across equity, corporate bonds, and government securities and compound until age 60. At maturity, you withdraw up to 60% of the corpus tax-free and use at least 40% to buy an annuity that pays a regular pension for life. The split between lump sum and annuity is yours to choose above the 40% minimum, and a higher annuity percentage means a larger monthly pension but a smaller cash withdrawal.
The 80CCD tax advantage
NPS is one of the most tax-efficient retirement products in India. Beyond the ₹1.5 lakh available under Section 80CCD(1) — which shares the 80C limit — Section 80CCD(1B) gives an exclusive extra ₹50,000 deduction on top of 80C. At the 30% slab, that single deduction saves around ₹15,000 in tax every year. If your employer also contributes under 80CCD(2), the total deduction can comfortably cross ₹2 lakh a year. Use the tax-slab selector above to see exactly how much you save.
Choose Auto Choice if you'd rather let the fund manage your equity allocation by age, or Active Choice if you want to set the equity, corporate-bond, and government-securities mix yourself. Because NPS returns are market-linked, the figures here are projections based on the return you assume, not guarantees. Everything runs privately in your browser — nothing you enter is uploaded — so you can model different contributions and fund choices freely.
Financial Disclaimer: NPS returns are market-linked and not guaranteed; results are projections for informational purposes only and not financial or tax advice. Annuity rates and tax rules can change. Consult a qualified financial advisor before investing.
How it works
Three quick steps — no account, nothing uploaded to a server.
Enter your contribution & age
Set your current age and monthly NPS contribution, then pick a fund choice or return.
Choose your annuity split
Set the annuity percentage (min 40%) and annuity rate to see your lump sum and pension.
Check your tax saving
Pick your tax slab to see the 80CCD(1B) deduction you save this year.
Related reading
Rates and rules on this page are verified against PFRDA (Pension Fund Regulatory and Development Authority). Last checked July 2026.
FAQ
Frequently asked questions
How is the NPS pension calculated?
Your NPS corpus is the future value of all your monthly Tier-I contributions, compounded at your expected return until age 60. At maturity you must use at least 40% of the corpus to buy an annuity, which pays your monthly pension. The pension equals the annuity amount multiplied by the annuity rate offered by the provider, divided by twelve. So a larger corpus, a higher annuity percentage, or a better annuity rate all increase your monthly pension. This calculator works all of this out instantly as you adjust the sliders.
What are the NPS tax benefits for FY 2025-26?
NPS offers three deductions. Section 80CCD(1) allows up to ₹1.5 lakh, but it sits within the overall ₹1.5 lakh 80C limit. Section 80CCD(1B) gives an additional ₹50,000 deduction that is over and above the 80C limit — at the 30% slab this alone saves about ₹15,000 a year. Section 80CCD(2) covers your employer's contribution of up to 10% of basic plus DA (14% for government employees) with no upper cap and is fully deductible. Together these can take your total NPS deduction past ₹2 lakh a year.
How much of NPS is tax-free at maturity?
At age 60 you can withdraw up to 60% of your NPS corpus as a lump sum, and this entire lump sum is completely tax-free. The remaining minimum of 40% must be used to purchase an annuity, and while that purchase is not taxed, the monthly pension you later receive from the annuity is taxable as income in the year you receive it. This calculator splits your projected corpus into the tax-free lump sum and the annuity portion so you can see both clearly.
What is the difference between Auto Choice and Active Choice?
Auto Choice (the Lifecycle Fund) automatically manages your equity allocation based on your age — it starts with higher equity exposure when you're young and gradually shifts to safer debt as you approach 60, historically returning around 10%. Active Choice lets you decide the split yourself across Equity (E), which has historically returned about 12% with higher risk, Corporate Bonds (C) at around 9%, and Government Securities (G) at around 8%. Use the fund buttons above to set the matching return assumption.
Can I withdraw from NPS before 60?
NPS is designed for retirement, so exit before 60 is restricted. If you exit early, you must use at least 80% of your corpus to buy an annuity and can take only 20% as a lump sum. Partial withdrawals of up to 25% of your own contributions are allowed after three years, but only for specific purposes such as higher education, marriage, buying a home, or treating a serious illness. At maturity (age 60) the usual 60% lump sum and 40% annuity rule applies.
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