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Home  ❯  Misc.  ❯  NPS Calculator

Calculate NPS Pension, Annuity & Lump Sum Value

Download fillable NPS forms

What Calculations are made by this NPS Calculator?

This NPS calculator calculates estimated amounts of NPS Pension, Annuity payable and Lump Sum amount payable to NPS subscriber on maturity or attaining 60 years of age, based on regular monthly contributions, percentage of corpus reinvested for purchasing annuity and assumed rates in respect of returns on investment and annuity. The calculator shows growth chart of year-wise growth of NPS account and also year-wise data in tabular format.

NPS (National Pension Scheme) CalculatorEnter data in unshaded fields
Current Age
Age of Retirement ( Change, if necessary )
Monthly Contribution
Current balance in your NPS account
Estimated rate of return on investment
Percentage of Annuity, you want to purchase
Expected Annuity return rate
Please enter data in all unshaded fields and then Submit.
Total number of years of contribution
Your Contributions till retirement
Total estimated Corpus on retirement
Annuity Value
Lump sum value
Expected monthly Pension

What is National Pension System (NPS) and what are its objectives?

The Central Government has introduced the National Pension System (NPS) with effect from January 01, 2004 (except for armed forces). NPS was made available to All Citizens of India from May 01, 2009. It has the following main objectives:

  1. Provide old age income.
  2. Reasonable market based returns over the long term
  3. Extending old age security coverage to all citizens

What are Tax Benefits under NPS?

Following Tax Benefits are available under NPS :

What benefits were announced in December 2018

Following benefits were announced in December 2018 :

  1. Enhancement of the mandatory contribution by the Central Government for its employees covered under NPS Tier-I from the existing 10% to 14%.
  2. Providing freedom of choice for selection of Pension Funds and pattern of investment to central government employees. Payment of compensation for non-deposit or delayed deposit of NPS contributions during 2004-2012.
  3. Tax exemption limit for lump sum withdrawal on exit has been enhanced to 60%. With this, the entire withdrawal will now be exempt from income tax. (At present, 40% of the total accumulated corpus utilized for purchase of annuity is already tax exempted. Out of 60% of the accumulated corpus withdrawn by the NPS subscriber at the time of retirement, 40% is tax exempt and balance 20% is taxable.)
  4. Contribution by the Government employees under Tier-II of NPS will now be covered under Section 80 C for deduction up to Rs. 1.50 lakh for the purpose of income tax at par with the other schemes such as General Provident Fund, Contributory Provident Fund, Employees Provident Fund and Public Provident Fund provided that there is a lock-in period of 3 years.
Updated : Aug 25, 2020