NPS Calculator: Corpus, Pension & Lump Sum
Estimate an NPS corpus, the lump sum under the new exit rules, and a monthly pension from an annuity rate you choose. Calculated instantly in your browser.
Last updated: · PFRDA exit rules amended 16 December 2025. Returns and annuity rates are assumptions
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Your result
Corpus at exit
₹1.03 Cr
₹1,03,14,217
- Lump sum
- ₹61,88,530
- Tax-free lump sum (current reading)
- ₹61,88,530
- Lump sum that may be taxable
- ₹0
- Amount for annuity
- ₹41,25,687
- Monthly pension (assumed)
- ₹22,347
- Own contribution, yearly
- ₹60,000
Chacha's tip
Small changes move the numbers more than you'd think. Tap one to try it.
- NPS returns are market-linked, not guaranteed. The return and the annuity rate are what you typed, not an official quote.
- Lump sum is 60% of the corpus. Non-government subscribers can take up to 80%, and at least 20% buys an annuity.
- This lump sum is within 60% of the corpus, which is tax-free under the current reading. Annuity pension is taxable.
- Your own contribution is deductible only in the old regime: inside the ₹1.5 lakh 80C-type limit under 80CCD(1) (also capped at 10% of salary) plus ₹50,000 under 80CCD(1B). It is not deductible in the new regime.
- Employer NPS (80CCD(2)) is deductible in both regimes, up to 14% of basic + DA in the new regime and 10% in the old regime for private employees. This page does not cap it, because basic salary is not an input. Employer PF, NPS and superannuation together are taxable above ₹7.5 lakh a year. The annual employer contribution here is ₹0.
Year-by-year NPS corpus
| Year | Your contribution | Employer | Corpus |
|---|---|---|---|
| 1 | ₹60,000 | ₹0 | ₹62,703 |
| 2 | ₹60,000 | ₹0 | ₹1,31,676 |
| 3 | ₹60,000 | ₹0 | ₹2,07,546 |
| 4 | ₹60,000 | ₹0 | ₹2,91,003 |
| 5 | ₹60,000 | ₹0 | ₹3,82,806 |
| 6 | ₹60,000 | ₹0 | ₹4,83,789 |
| 7 | ₹60,000 | ₹0 | ₹5,94,871 |
| 8 | ₹60,000 | ₹0 | ₹7,17,061 |
| 9 | ₹60,000 | ₹0 | ₹8,51,470 |
| 10 | ₹60,000 | ₹0 | ₹9,99,319 |
Disclaimer: A projection, not a pension quote and not tax advice. NPS returns are market-linked. Confirm exit rules with PFRDA and the tax split with the Income Tax Department or a CA.
How it's calculated
Each month: corpus = corpus × (1 + monthly return) + contribution
Monthly return = (1 + annual return) ^ (1/12) − 1
Lump sum follows the PFRDA bands; pension = annuity corpus × annuity rate ÷ 12
Tax-free lump sum = the part within 60% of the corpus (small corpus of ₹8 lakh: all of it)
Contributions are added at the end of each month, and your own contribution steps up once a year. Employer contribution stays flat. The exit split for non-government subscribers follows the PFRDA rules amended on 16 December 2025. The 14% and 10% employer limits, and the tax on a lump sum above 60% of the corpus, are stated as the current reading and should be checked against the section text and any later CBDT note.
Assumptions
- Return and annuity rate are assumptions you can edit. They are not guaranteed and not an ASP quote.
- The 80% lump-sum cap, the ₹8 lakh full withdrawal and the ₹12 lakh / ₹6 lakh band are for non-government subscribers.
- Government subscribers are capped at 60% lump sum here. Confirm whether the December 2025 release changed that.
- Only 60% of the corpus is treated as tax-free, except a full withdrawal of a corpus of ₹8 lakh or less.
- A tenure under 15 years before age 60 is flagged. The numbers still use the normal exit split.
How to use this calculator
- Set the ages. Enter your age now and the age you expect to exit. The All Citizen model can vest at 15 years or age 60, whichever is earlier.
- Enter contributions. Add your monthly amount and any employer contribution. A yearly step-up raises only your own amount.
- Set the return. Type an expected return. It is an assumption. NPS is market-linked.
- Choose the lump sum. Up to 80% for non-government subscribers, 60% for government. Small corpora follow the fixed bands.
- Read the pension. The monthly pension uses the annuity rate you typed. Real quotes come from annuity providers.
Frequently asked questions
How much pension will I get from NPS?
The monthly figure is the annuity corpus times the annuity rate you typed, divided by 12. It is not a quote from an annuity provider. Those rates move. The corpus itself uses the return you typed. NPS is market-linked and not guaranteed.
How much can I withdraw at 60 under the new rules?
For non-government subscribers, the PFRDA exit rules amended on 16 December 2025 allow up to 80% as a lump sum, with at least 20% used to buy an annuity. A corpus of ₹8 lakh or less can be taken entirely as a lump sum. Between ₹8 lakh and ₹12 lakh, the lump sum is capped at ₹6 lakh. Government subscribers are shown here with the 60% lump sum and 40% annuity cap. Confirm the government wording in that PFRDA release.
Is the NPS lump sum tax-free?
As per the current reading, 60% of the corpus is tax-free and a lump sum above that is taxed at slab rates. The extra withdrawal now allowed above 60% may therefore be taxable. No CBDT clarification on that extra slice was found, so the page labels it as a current reading. A full withdrawal of a corpus of ₹8 lakh or less is treated as tax-free. Pension from the annuity is taxable.
What is the NPS tax benefit in the new regime?
Your own contribution is not deductible in the new regime. In the old regime it can sit inside the ₹1.5 lakh 80C-type limit under 80CCD(1), which is also capped at 10% of salary, plus ₹50,000 under 80CCD(1B). Employer contributions under 80CCD(2) are deductible in both regimes: up to 14% of basic plus DA in the new regime and 10% in the old regime for private employees. Check the section for your employer. Employer PF, NPS and superannuation together are taxable above ₹7.5 lakh a year.
Can I exit NPS before 60?
The All Citizen model can vest at 15 years or age 60, whichever is earlier. A premature exit has usually meant 20% lump sum and 80% annuity, with a full exit when the corpus is ₹2.5 lakh or less. The December 2025 amendment may have revised that small-corpus figure. Confirm it with PFRDA. This calculator shows the normal exit split and flags a tenure under 15 years before age 60.
What is the difference between Tier I and Tier II?
Tier I is the pension account, with the exit rules and the tax treatment above. Tier II is an optional savings account. For most subscribers it has no lock-in. This calculator projects Tier I.
NPS or PPF: which is better?
PPF pays a government-set rate, caps deposits at ₹1.5 lakh a year and matures tax-free. The deposit is an 80C-type deduction only in the old regime. NPS is market-linked, can include an employer contribution, and the pension is taxable. Run the same monthly amount in the PPF calculator. Neither result is a recommendation.
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Results from FinanceChacha are estimates for planning and education, not financial, tax or legal advice.