Use our NPS Calculator to calculate your estimated pension, maturity value, and tax savings under the National Pension Scheme. Plan your retirement smartly with accurate and easy-to-use tools designed for long-term financial security.
What is the NPS Calculator?
The National Pension Scheme Calculator helps you estimate the future value of your NPS investments. It calculates your total contributions, expected returns, and monthly pension after retirement. It also provides insights into the tax benefits available under Section 80C and 80CCD(1B).
How to Use the NPS Calculator?
- Enter your current age.
- Specify your monthly contribution.
- Select an expected rate of return.
- Choose the percentage of corpus to invest in annuity.
- Enter the expected annuity return.
The calculator will display:
- Total investment corpus at retirement.
- Lump sum withdrawal amount.
- Estimated monthly pension based on annuity.
Benefits of Using Our NPS Calculator
- Plan your retirement effectively with precise calculations.
- Understand your tax benefits and exemptions.
- Estimate your monthly pension in advance.
- Make informed decisions about annuity and investments.
- Fast, simple, and completely free tool for everyone.
Frequently Asked Questions (FAQs)
What is NPS?
The National Pension Scheme (NPS) is a government-regulated pension scheme that encourages individuals to invest regularly during their working life, to secure a stable pension post-retirement.
How much tax can I save with NPS?
You can claim deductions up to ₹1.5 lakh under Section 80C and an additional ₹50,000 under Section 80CCD(1B).
Is NPS pension taxable?
Yes, the pension amount received from NPS is taxable as per your applicable income tax slab.
Related Calculators
For more information on NPS, visit the official site: NPS CRA NSDL.
