ALL TOOLS & CATEGORIES
CATEGORIES

NPS CALCULATOR

Saal ka ₹1,000 minimum poora hona chahiye
9–11% realistic
0 = same amount

NPS KE RULES AUR TAX — POORA GUIDE

Lock-in kitna hai

NPS Tier-I me paisa 60 saal tak ya 15 saal tak, jo bhi pehle poora ho — aapka lock-in nikalta hai. 30 saal ki umar me join kiya to 60 tak; 45 saal me join kiya to 60 tak hi (15 saal pehle poore ho jaate hain, par aapka lock-in tab bhi 60 tak hi rehta hai). Lock-in ke dauran aap deposit kar sakte ho, bas withdraw nahi kar sakte.

Exit hone par paisa kahan jaata hai

Exit par corpus ka kam se kam 20% annuity me jaana chahiye — uska matlab hai ki aap zyada se zyada 80% lump sum le sakte ho. Baaki annuity kharidne ke liye kisi pension fund pe jaata hai aur aapko har mahina pension milta rehta hai.

Annuity ke khaane hain:

  • SCV variable — aapki chosen provider ke portfolio se linked, market risk aapke sar. Value badh sakti hai, gir bhi sakti hai.
  • SCV guaranteed — fixed rate, usually 6.75%.
  • NPS-Tr — government securities portfolio, guaranteed rate (currently 8.05%), market risk nahi. Rate PFRDA periodically reset karta hai.
  • Life annuity — aapke jeene tak; nominee ko kuch nahi milta.
  • Life annuity with return of capital — jeene tak paisa milega, aur marne par jo bacha wapas unke nominee ko.

Tax me kya milta hai

Section 80CCD(1) — ₹1,50,000 ki limit PPF/ELSS ke saath shared, aapka NPS deposit yahan se deduction deta hai.

Section 80CCD(1B) — iske upar aur ₹50,000, sirf NPS ke liye. Iska matlab NPS par maximum deduction ₹2,00,000 per year.

Lekin ek important shart: 60 saal par jo corpus lenge, usme se jo 20% aap annuity purchase me lagayenge, us annuity purchase ka sirf 5% hi 80CCD(1B) me deduction ban sakta hai — baaki 95% par deduction milegi. Aur ye ₹50,000 ki limit aapke kisi bhi ek pension account (NPS ya employer NPS) par lagti hai, ₹2,00,000 mila kar ke nahi.

Tier-I aur Tier-II me kya fark

Tier-ITier-II
Lock-in60 / 15 saalKoi nahi
WithdrawExit par, 20% compulsory annuityKab bhi, poora
Upper limit₹2,00,000 tax deductionUnlimited
Tax benefit80CCD(1) + 80CCD(1B)80CCD(1) + 80CCD(1B)
Investment choiceAge ke hisaab se limited optionsLimited options

Return kitna assume karein

Long horizon me NPS ka historical range lagbhag 9% se 11% raha hai. Lekin ye wahi corpus hai jo aapki pension pay karega — isliye jis number par aap bharosa nahi karte, wahi use karein. Calculator me return 2% kam kar ke dekhiye: difference bahut bada hota hai, kyunki compounding ki zidd hai.

Inflation ka kya hoga

NPS-Tr jaisi fixed annuity inflation ke saath adjust nahi hoti — 30 saal baad uski purchasing power bahut gir jayegi. SCV variable annuity iske against kuch protection deti hai. Agar aapki retirement lambi hai, to ye fark headline rate se zyada important hai.

NPS CALCULATOR — SAWAAL JAWAAB

Frequently Asked Questions (FAQ)

Until you reach 60 years of age, or 15 years from joining, whichever is later. So if you join at 45 you are locked in for 15 years and exit at 60, and if you join at 30 you are in until you turn 60. You can keep contributing while locked in, you just cannot withdraw. At exit you may take up to 20% as a lump sum and must use the rest to buy an annuity.

One thousand rupees per financial year is the scheme minimum. You can invest in lumps of that size up to fifty times a year, so monthly investing of roughly the same amount satisfies the rule. If your annual contribution falls short of ₹1,000 your account is flagged as non-compliant, though it stays active and you can regularise it later.

Your contribution is deducted under Section 80CCD(1) within the ₹1,50,000 limit shared with PPF and ELSS, plus a further ₹50,000 exclusively under Section 80CCD(1B). So the maximum NPS deduction is ₹2,00,000 a year. The catch is that at 60 percent of the corpus you buy your annuity with, only five percent of that annuity purchase qualifies for deduction under Section 80CCD(1B).

They pay different things. The SCV annuity pays a variable monthly amount linked to your chosen annuity provider investment portfolio, and you bear the market risk. The NPS-Tr annuity pays a fixed guaranteed rate published by PFRDA, currently 8.05 percent per year on the NPS-Tr corpus, with no market risk. A common approach is to split, taking a larger guaranteed portion and a smaller variable portion.

NPS-Tr is the government-run scheme that holds a portion of NPS investments in the same securities as government bonds and corporate bonds, tracking their returns. The government announces a guaranteed rate every year, and it has been 8.05 percent per year for several cycles. The rate is reset periodically, so treat it as adjustable here rather than permanent.

The general rule is that at least 20 percent of the corpus must go into an annuity, so up to 80 percent can be a lump sum under the relaxed provisions many subscribers now use, subject to the current gazette notification and your pension fund administrator. Because this limit has been revised more than once, check the current notification with your fund before assuming you can take the maximum.

Tier-I is the retirement account with the lock-in and the annuity requirement. Tier-II is a voluntary savings account with no lock-in at all and no upper limit, where you can withdraw whenever you want, and which also qualifies for the same eighty-CCD deductions. This calculator models Tier-I only, because that is where the lock-in and annuity decisions happen.

Most NPS calculators land between nine and eleven percent for a long horizon, which is broadly the historical range for balanced NPS portfolios. Be honest with yourself about risk: the corpus you see at sixty is the one paying your pension, and treating it as anything higher than you would expect from a balanced fund makes the projection unrealistic. Change the rate and watch how little a two percent difference costs you.

A fixed annuity such as NPS-Tr does not, which is why its purchasing power falls over the decades after retirement. The SCV variable annuity is designed to adjust with markets and therefore partly offsets inflation. If you expect a long retirement, this difference matters more than the headline rate comparison.

The nominee receives whatever the accumulated corpus is, in proportion to the nominee nomination, and NPS is one of the better-behaved retirement vehicles on this point because there is no lock on the nominee payment. This is worth factoring in if you are the sole earner and have other dependents.

RELATED TOOLS

PPF Calculator
Gratuity Calculator
Sukanya Samriddhi
Income Tax Calculator
Rate this tool: 5.0 (0)