NPS Calculator — National Pension System Corpus, Annuity & Pension

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Expected Return Rate (% p.a.)

% p.a.

5% 20%

Blended CAGR across Equity (E), Corp Debt (C), and Govt Bonds (G).

Current Age

Yrs

Retirement Age

Yrs

Annuity Share (%)

Min 40% mandatory

Annuity Return Rate

Prevailing insurer rate (6%–7%)

Annuity Presets:

Retirement Corpus & Pension Projection

Total Accumulated NPS Retirement Corpus

₹2,27,93,253

Two Crore Twenty-Seven Lakh Ninety-Three Thousand Two Hundred Fifty-Three Rupees

Accumulated over 30 Years (Age 30 to 60)

Total Amount Invested

₹36,00,000

Total Wealth Gained

₹1,91,93,253

Tax-Free Lump Sum (60%)

₹1,36,75,952

Est. Monthly Pension

₹49,385/mo

Invested: 15.8% Wealth Gained: 84.2%

Lump Sum Cash (Tax-Free): 60.0% Annuity Purchase: 40.0%

Exclusive Section 80CCD(1B) Tax Shield: By investing in NPS Tier 1, you can claim an exclusive deduction of up to ₹50,000/year above Section 80C. Saves up to ₹15,600/year in the 30% slab (total est. tax savings: ₹4,68,000)!

Year-by-Year NPS Wealth Accumulation Schedule

Progression of subscriber age, opening balances, annual contributions, market returns, and year-end closing balances.

Year	Age	Opening Balance (₹)	Annual Contribution (₹)	Return Earned (₹)	Closing Corpus (₹)

Key Insights

Triple Tax Benefit Sec 80CCD(1), (1B) & (2)
Exit at Age 60 60% Tax-Free Lump Sum
Mandatory Annuity 40% Buys Lifelong Pension
Small Corpus Rule 100% Exit if ≤ ₹5 Lakh

Asset Choices

Asset E (Equity) Up to 75% Allocation
Asset C (Corp Debt) Corporate Debentures
Asset G (Govt Bonds) Sovereign Security
Choice Option Active or Auto Lifecycle

Useful Calculators

Frequently Asked Questions

What is the minimum mandatory annuity percentage in NPS?

Under PFRDA statutory guidelines, when a subscriber exits NPS at age 60, a minimum of 40% of the accumulated corpus must be utilized to purchase an immediate annuity from an approved life insurance provider to generate lifelong monthly pension. Up to 60% can be withdrawn as a 100% tax-free lump sum.

Is the 60% lump sum withdrawal from NPS taxable?

No. Under Section 10(12A) of the Income Tax Act, up to 60% of the total accumulated NPS corpus withdrawn as a lump sum at the time of retirement or superannuation is completely exempt from income tax.

What is the PFRDA ₹5 Lakh small corpus full withdrawal exemption?

Under revised PFRDA regulations (September 2021 circular), if the total accumulated NPS corpus at retirement is less than or equal to ₹5,00,000, the subscriber has the option to withdraw 100% of the corpus as a tax-free lump sum without any mandatory annuity purchase.

What additional tax deduction is available under Section 80CCD(1B)?

Section 80CCD(1B) provides an exclusive additional income tax deduction of up to ₹50,000 per financial year for investments in NPS Tier 1. This deduction is over and above the general ₹1.5 Lakh limit under Section 80C, allowing total annual tax deductions of up to ₹2,00,000.

Is the monthly annuity pension received from NPS taxable?

Yes. While the annuity purchase itself is not taxed at exit, the periodic monthly pension received from the annuity provider is treated as salary/income from other sources and is taxed according to the subscriber's applicable income tax slab rate in the year of receipt.

Calculate 21-year maturity corpus for your daughter under the Government's 8.2% sovereign scheme.

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