NPS Calculator
Project a National Pension System corpus to retirement, and split it into the tax-free lump sum and the annuity — at least 40% of the corpus must buy an annuity, and the pension it pays is taxable.
Free · No sign-up · Nothing leaves your browser · Figures reviewed 22 September 2026
Your details
Yours and your employer's combined.
Depends on your asset mix. Equity-heavy allocations have historically returned more and varied more.
40% is the statutory minimum. More annuity means more pension and a smaller lump sum.
The rate available when you retire, which follows interest rates decades from now. The largest uncertainty here.
Corpus at 60
₹2,27,93,253
₹1,36,75,952 as a tax-free lump sum and about ₹45,587 a month as pension.
- Invested · 16%
- Growth · 84%
Building the corpus
- Monthly contribution
- ₹10,000
- Years to retirement
- 30 years
- Assumed returnNPS returns depend on your asset mix. Equity-heavy allocations have historically returned more and vary more
- 10%
- Total invested
- ₹36,00,000
- Growth
- ₹1,91,93,253
- Corpus at retirement
- ₹2,27,93,253
At retirement
- Into an annuity40% — the statutory minimum is 40%
- ₹91,17,301
- Tax-free lump sum
- ₹1,36,75,952
- Monthly pensionAt an annuity rate of 6%
- ₹45,587
- Annuity income is taxable
- As salary
At least 40% of the corpus must buy an annuity. The rest can be withdrawn as a lump sum, and that lump sum is tax-free.
Tax on the way in
- Own contribution, section 124(3)Up to ₹50,000 over and above the ₹1,50,000 limit — old regime only
- ₹50,000
- Employer contribution, new regimeOne of only two salary deductions that survives in the new regime
- 14% of basic
- Employer contribution, old regime
- 10% of basic
The employer's NPS contribution is regime-dependent: 14% of basic in the new regime against 10% in the old, for a private employer. It is an easily missed branch and worth checking on your own payslip.
The annuity rate at retirement is unknowable today. It follows interest rates thirty years from now, and it is the single largest uncertainty in this projection.
A projection, not a promise. Rates and returns move, and small changes compound over decades — revisit the assumptions rather than treating the output as a plan.
NPS builds a corpus from your contributions and your employer's, invested across equity and debt according to the mix you choose. At 60, at least 40% has to buy an annuity; the rest can be withdrawn tax-free.
The employer's contribution is the part worth checking on your own payslip, because it is regime-dependent: 14% of basic in the new tax regime against 10% in the old.
Frequently asked questions
- How much pension will I get from NPS?
- It depends on the corpus, how much of it buys an annuity, and the annuity rate available at retirement. A ₹1 crore corpus with 40% annuitised at 6% produces roughly ₹20,000 a month, and the rest comes out tax-free.
- What is the tax benefit of NPS?
- Your own contribution is deductible up to ₹50,000 under section 124(3), formerly 80CCD(1B), over and above the ₹1.5 lakh limit — old regime only. The employer's contribution is deductible in both regimes, at 14% of basic in the new and 10% in the old.
- Is the NPS lump sum taxable?
- No. The portion withdrawn at retirement is tax-free. The annuity income that follows is taxable as salary in the years you receive it.
- Can I withdraw all of my NPS at 60?
- No. At least 40% of the corpus must be used to purchase an annuity. There is an exception for small corpuses, where full withdrawal is permitted.
About this tool
Built by the ViniOffice team. Figures and rules last reviewed 22 September 2026 against the statutory reference this team maintains. Indian statutory rates are date-effective and change by notification — confirm against the current one before running payroll or filing. A projection, not a promise. Rates and returns move, and small changes compound over decades — revisit the assumptions rather than treating the output as a plan.
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