NPS Calculator

Why NPS?

The National Pension System (NPS) is a government-sponsored pension scheme. It is market-linked and has delivered superior returns compared to traditional instruments like PPF over the long term.

Tax Benefits

• Sec 80CCD(1B): Additional deduction of ₹50,000 over and above the ₹1.5 Lakh limit under Section 80C.
• Tax Free Withdrawal: At age 60, up to 60% of the corpus can be withdrawn tax-free.

Exit Rules

Upon retirement (age 60), you can withdraw up to 60% of the corpus as a lumpsum. The remaining 40% must be used to purchase an annuity (pension plan) which provides a monthly income.