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NPS calculator

Project your National Pension System corpus at retirement, and see the lump-sum vs annuity split under current exit rules.

Your own + employer's contribution combined.

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9-10% is a common illustrative range for an equity-heavy allocation.

Projected corpus at 60₹2.25 Cr
Total contributed
₹45.18 L
Investment growth
₹1.80 Cr

At exit (non-government subscriber)

Tax-free lump sum (60%)
₹1.35 Cr
Taxable lump sum (up to 20%)
₹45.03 L
Mandatory annuity (min. 20%)
₹45.03 L

Reflects PFRDA's December 2025 exit rules for non-government subscribers (up to 80% lump sum, 60 points tax-free / up to 20 points taxable, minimum 20% annuity). Small corpuses (roughly under ₹12L) have simplified withdrawal rules not modeled here. The annuity itself is taxed as income when you receive it.

Frequently asked questions

How much of my NPS corpus can I withdraw as a lump sum?+

Under PFRDA's current exit rules for non-government (private-sector) subscribers, you can withdraw up to 80% of your corpus as a lump sum, with a minimum 20% required to purchase an annuity. Of that lump sum, only 60 percentage points of the total corpus is tax-free — the additional 0-20% is taxed at your income slab rate.

Is NPS contribution tax-deductible?+

Your own contribution is deductible under Section 80CCD(1), within the overall ₹1.5L Section 80C limit, plus an additional ₹50,000 under Section 80CCD(1B) — both old regime only. Your employer's contribution is deductible under Section 80CCD(2) — available under both the new and old regime, up to 14% of Basic+DA under the new regime (10% under the old regime for private-sector employees).

What return should I assume for NPS?+

NPS returns depend on your chosen asset allocation (equity, corporate debt, government securities). 9-10% is a commonly used illustrative range for an equity-heavy allocation over the long term — adjust the slider based on your actual scheme choice and risk appetite.

Is the NPS annuity taxable?+

Yes — the pension income you receive from the mandatory annuity is taxed as regular income in the year you receive it, at your applicable slab rate.