NPS Calculator
National Pension System corpus at 60, with the mandatory annuity split and estimated pension.
Formula
corpus compounds monthly; at least 40% must buy an annuity
Tips
- At least 40% of the corpus must be used to buy an annuity. The remaining 60% can be withdrawn tax-free at 60.
- The annuity rate is quoted by the insurer at the time of purchase and is outside your control. Small differences compound into a materially different pension.
- NPS offers an extra ₹50,000 deduction under Section 80CCD(1B) over and above 80C — but only under the old regime.
- Returns depend on your chosen asset allocation. Equity exposure is capped, and the cap reduces automatically with age under the auto choice.
Frequently asked questions
Is the pension from NPS taxable?
Yes. The lump sum withdrawal at 60 is tax-free, but the monthly annuity is taxed as income at your slab rate in the year received.