MulticalcPension Planner
Your Retirement Corpus
Plan your golden years. Enter investment details to see pension estimates.
How NPS Works
The National Pension System (NPS) is a voluntary contribution scheme that offers market-linked returns. It is one of the most efficient tax-saving instruments for retirement planning in India.
Accumulation Phase
You invest systematically until the age of 60. Your money is invested in a mix of Equity (E), Corporate Bonds (C), and Govt Securities (G) based on your choice.
Withdrawal Phase
At 60, you can withdraw up to 60% of the corpus as a tax-free lump sum. The remaining 40% (minimum) must be used to buy an annuity to provide a monthly pension.
NPS Tax Benefits (Old vs New Regime)
| Section | Limit | Benefit Type |
|---|---|---|
| 80C | ₹1.5 Lakh | Part of the overall 1.5L limit (along with PPF, ELSS, LIC). |
| 80CCD(1B) | ₹50,000 | Exclusive additional deduction over and above 80C limit. |
| 80CCD(2) | 10% of Salary | Employer's contribution deduction (For Salaried). |
Common Questions
The 60% lump sum withdrawal at maturity is completely tax-free. The remaining 40% used for annuity is also tax-exempt at the time of purchase, but the monthly pension received from the annuity is taxable as per your income slab.
Active Choice: You decide the asset allocation (Equity max 75%).
Auto Choice: Allocation is automatically determined based on your age. Equity exposure reduces as you get older to protect the corpus.
Auto Choice: Allocation is automatically determined based on your age. Equity exposure reduces as you get older to protect the corpus.
In case of the subscriber's unfortunate death, the entire accumulated corpus (100%) is paid to the nominee/legal heir. The nominee can also choose to use the corpus to buy an annuity.
NPS Tips
- Lowest Charges: Fund management at only 0.01%
- Portable Account: Works across jobs and locations
- Government Regulated: PFRDA supervision ensures safety
- Dual Tier System: Tier I (mandatory lock-in), Tier II (flexible)
- Extra Tax Deduction: ₹50K over 80C limit via 80CCD(1B)
- Flexible Annuity: Choose between 40-100% corpus for pension
Learn More
Related Tools
Important Disclaimer
This NPS Calculator is for educational purposes only. Actual pension corpus depends on market performance, investment allocation, fund choice, and consistent contributions. Returns are not guaranteed. The calculator assumes uniform returns; actual returns vary by market conditions. Please verify with PFRDA or your NPS service provider for accurate calculations and consult a financial advisor for personalized guidance.