NPS Calculator

Calculate your National Pension System corpus, monthly pension, lump sum withdrawal, and the significant 80CCD tax savings — India's most tax-efficient retirement instrument.

National Pension System

NPS Calculator

Annual Tax Saving
₹0
Personal Details
Current Age (years)
30
1865
Retirement Age (years)
60
5070
Investment Details
Monthly Contribution (₹)
₹5,000
₹500₹5L
Expected Return (% p.a.)
10%
6%16%
Corpus Withdrawal & Annuity
Annuity % of Corpus (min 40%)
40%
40%100%
Annuity Rate (% p.a.)
6%
4%10%
Tax Details
Annual Income (₹)
₹10L
₹5L₹5 Cr
Income Tax Slab
NPS Asset Allocation (Active Choice)
Equity (E) Allocation (% max 75)
50%
0%75%
Government Bonds (G)
30%
0%100%
Corporate Bonds (C): 20% (auto-balanced) E + G + C = 100%
Total NPS Corpus at Retirement
₹0
Total accumulated corpus
Monthly Pension (Annuity)
₹0
From annuity portion
Lump Sum (Tax-Free)
₹0
60% of corpus
Annuity Amount
₹0
For pension purchase
Total Invested
₹0
Your total contributions
Wealth Gained
₹0
Returns on investment
Investment Period
0 yrs
Accumulation phase
Return Multiple
0x
Corpus / Total invested
Corpus Split at Retirement
Lump Sum
Annuity
Lump Sum (Tax-Free): 60% = ₹0
Annuity for Pension: 40% = ₹0
Portfolio Allocation
Equity (E)
50%
Govt Bonds (G)
30%
Corp Bonds (C)
20%
Tax Benefits under NPS
80CCD(1)
Employee Contribution
₹0
Up to 10% of salary or ₹1.5L (within 80C)
80CCD(1B)
Additional Deduction
₹50,000
Over & above 80C limit — exclusive to NPS
80CCD(2)
Employer Contribution
14% (Govt)
Not counted in 80C limit
Your Estimated Annual Tax Saving
Based on 20% tax slab on ₹50,000 additional deduction (80CCD 1B)
₹0
🌅
Your Estimated Monthly Pension
₹0
From annuity at retirement · Tax applicable on pension income
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NPS Corpus Growth — Contributions vs Investment Returns
Total Contributions
Investment Returns
Year (Age) Annual Contribution Returns Earned Total Invested Corpus Value
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⚠️ Important Disclaimer

This NPS calculator provides illustrative estimates only. Actual NPS returns depend on NAV performance of Pension Fund Managers. The minimum annuity percentage (40%) is mandated by PFRDA regulations. Tax benefits are subject to prevailing Income Tax Act provisions and may change. Annuity rates are indicative. This is not financial or tax advice.

About NPS

What is the National Pension System?

The National Pension System (NPS) is a government-sponsored, voluntary, long-term retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It is available to all Indian citizens between the ages of 18 and 70 — making it the most accessible and tax-efficient pension vehicle in India.

NPS combines a market-linked investment structure (across equity, government bonds, and corporate bonds) with a guaranteed pension component at retirement, providing the best of both worlds: growth potential during accumulation and income certainty in retirement.

The defining advantage of NPS is its unmatched tax efficiency — it is the only investment instrument that provides a tax deduction under three separate sections of the Income Tax Act (80CCD(1), 80CCD(1B), and 80CCD(2)), potentially saving high-income earners ₹25,000–₹50,000+ in taxes annually.

Tier I Account
Primary NPS Account
The main NPS account. Contributions qualify for 80CCD tax deductions. Mandatory for NPS enrollment. Withdrawal restricted until age 60 (with exceptions for specific purposes). Minimum contribution: ₹500/month or ₹6,000/year.
Tier II Account
Voluntary Savings Account
An optional, flexible savings account linked to Tier I. No tax benefit (except for government employees). No withdrawal restrictions — can be withdrawn freely. Minimum contribution: ₹250/transaction. Good for short-to-medium-term goals alongside NPS Tier I.

Tax Benefits — Unmatched by Any Other Instrument

80CCD(1)
Employee Contribution
Up to ₹1,50,000
Deduction for employee's NPS contribution — up to 10% of basic salary (15% for self-employed). Counted within the ₹1.5L limit of Section 80C.
80CCD(1B)
Additional Deduction
₹50,000 extra
Exclusively for NPS — an additional ₹50,000 deduction over and above the 80C limit of ₹1.5L. Effectively extends your total deduction to ₹2L. This is NPS's unique advantage.
80CCD(2)
Employer Contribution
14% salary (Govt)
Employer's NPS contribution (up to 14% for central government employees, 10% for others) is deductible — NOT subject to the ₹1.5L 80C limit. Major benefit for salaried professionals.
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Legal Disclaimer & Important Information

Illustrative Only: NPS Calculator results are estimates based on user-entered assumptions and constant return rates. Actual NPS NAV performance varies by Pension Fund Manager (PFM) and asset class allocation.

PFRDA Regulations: NPS is regulated by PFRDA under the PFRDA Act, 2013. Minimum 40% of the NPS corpus must be used to purchase an annuity at retirement. This calculator uses the user-selected annuity percentage.

Tax Benefits: Tax deductions are subject to provisions of the Income Tax Act, 1961. The new tax regime (introduced in Budget 2020) may have different applicability. Please consult a tax advisor for personalised guidance.

Annuity: Actual annuity rates are offered by IRDAI-registered life insurance companies at the time of retirement and may differ from the assumed rate in this calculator.

Not Financial Advice: This tool is for educational purposes only. Peacock Wealth Management is a AMFI-registered investment advisor — not a PFRDA-registered Point of Presence (PoP). NPS accounts can be opened through authorised PoP banks and institutions. Please consult a qualified advisor for NPS planning.

Peacock Wealth Management | the regulatory authority Reg. No.: INA000XXXXXX | Kilpauk, Chennai — 600010 | info@peacock.org.in | +91 93639 63411