5-in-1 Online NPS Calculator
The National Pension Scheme (NPS) is a voluntary, market-linked retirement scheme governed by the PFRDA. This 5-in-1 NPS Calculator enables investors to project total retirement corpus accumulated up to age 60, estimate monthly pension income, calculate additional tax savings under Section 80CCD(1B), and evaluate performance against PPF.
How the 5 Calculator Modes Work
1. NPS Calculator
Projects overall retirement corpus growth using your current age, monthly investment amount, and compounding interest rates up to superannuation at age 60.
2. Pension
Determines monthly annuity payouts and tax-free lump sum amounts (up to 60%) based on your annuity allocation percentage and expected annuity yields.
3. Returns
Calculates wealth gains by measuring total out-of-pocket contributions against total estimated market returns across equity and debt asset classes.
4. Tax Benefit
Computes direct annual tax savings available under Section 80CCD(1B) for up to ₹50,000 extra deductions beyond Section 80C limits.
5. NPS vs PPF
Compares market-linked compound growth of NPS against guaranteed returns of Public Provident Fund (PPF) over identical investment horizons.
NPS Mathematical Formulas
Lump Sum Withdrawal (Max 60%): $LumpSum = Corpus \times (1 - Annuity\%)$
Monthly Pension: $Monthly\ Pension = \frac{Corpus \times Annuity\% \times Annuity\ Rate}{12}$
Where P = Monthly Contribution, r = Monthly Interest Rate, n = Total Months to Age 60
Frequently Asked Questions (FAQs)
At age 60, you can withdraw up to 60% of the accumulated NPS corpus as a completely tax-free lump sum. The remaining minimum 40% must be invested in an annuity plan.
Section 80CCD(1B) allows an exclusive tax deduction of up to ₹50,000 per financial year over and above the ₹1.5 Lakh limit under Section 80C.