1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Filings for AY 2023-24 have been stopped. We will notify you once ITR filings for AY 2024-25
are enabled.
Products

File your ITR in just 3 mins

Prefill your details in just one click

File Now

HOME CALCULATORS NPS CALCULATOR

NPS Calculator

Monthly Investment ₹ 10,000

My Age 28 years

Expected return on Investment 10 %

Percentage of Annuity Purchase 40 %

Expected return of Annuity 6 %

https://cleartax.in/s/nps-calculator 1/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Filings for AY 2023-24 have been stopped. We will notify you once ITR filings for AY 2024-25
are enabled.

Pension Wealth Lumpsum Amount

Invested Amount: ₹38,40,000

Pension Wealth: ₹2,80,83,353.3

Lumpsum Amount: ₹1,68,50,011.98

Monthly Pension: ₹56,166.71

HOW TO USE THIS NPS CALCULATOR

Use the slider for selecting monthly Investing amount

Move the slider to set your present age

Move the slider and select the Interest Rate

Use the slider to set the percentage of Annuity Purchase

Use the slider to select the Expected Return on Annuity

Recalculate your NPS anytime by changing the input sliders

NPS amount will be calculated instantaneously when you move the sliders.

Calculate NPS (National Pension Scheme) Returns Online

NPS or National Pension Scheme calculator allows an individual to compute the provisional
lump sum and pension amount a subscriber, under NPS, can expect at retirement based on

https://cleartax.in/s/nps-calculator 2/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

the contributions
Filings madehave
for AY 2023-24 monthly; the annuity
been stopped. Wepurchased, theonce
will notify you expected rate for
ITR filings of returns on
AY 2024-25
investments,
are enabled. and the annuity. The NPS calculator only illustrates the tentative pension and
does not guarantee the exact figure.

Who can use the NPS calculator?

The NPS calculator can be used by all individuals who are eligible to invest in the National
Pension Scheme.

Eligibility criteria: The NPS rules state that all Indian citizens over the age of 18 years but not
more than 60 years are eligible to invest in the pension scheme. Also, applicants will be
required to comply with the Know-Your-Customer (KYC) guidelines to start investing in the
NPS scheme.

How To Use the NPS Calculator

First, you will be required to enter the following details in an ordered manner:

Investment Amount – Enter the amount you would like to contribute every month.

Your age – The calculator will calculate the number of years you will be able to contribute to
the scheme after entering your age.

Expected Return on Investment (ROI) –Choose your desired return on investment.

Percentage of Annuity to be Purchased –This is the percentage of the corpus, i.e. pension
wealth you would like to reinvest to purchase an annuity on maturity. An annuity in NPS refers
to the pension the NPS subscriber would receive every month from the Annuity Service
Provider (ASP).

Note: The percentage of corpus to be reinvested in an annuity cannot be less than 40%.
However, if you plan on exiting the scheme prematurely, i.e. before the age of 60, the
minimum percentage of pension wealth to be reinvested in an annuity is 80%.

Expected Annuity Rate –Enter the expected rate of annuity, i.e. the amount you expect from
your pension.

Once all the inputs have been entered, the NPS calculator will simultaneously begin
computing the lump sum and pension amount you can expect at the time of maturity.

The calculator generates a summary of your pension account at the time of retirement with
the total amount you would have contributed during the period and the corpus generated
on maturity.

https://cleartax.in/s/nps-calculator 3/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Also, thefor
Filings NPSAYcalculator computes
2023-24 have your expected
been stopped. monthly
We will notify youpension that
once ITR youfor
filings would receive
AY 2024-25
based on the returns you expect on the Annuity.
are enabled.

Illustration on NPS Calculation

Here is an example to help you understand how the NPS calculator computes your monthly
pension.

Mr Vineeth is a 24-year old central government employee. He subscribes for the National
Pension Scheme and decides to contribute Rs 2,000 every month towards the scheme. NPS
matures when the subscriber turns 60 years of age. Meaning, Vineeth will able to contribute
for the next 36 years towards the scheme and expects a return on investment (ROI) of 9% per
annum. In the same line, he would like to purchase an annuity for 50% and expect a 7% rate
of return on the annuity.

The status of Vineeth’s pension account at retirement as generated by the NPS calculator will
be as follows:

Total investment: Rs 8,64,000

Total corpus generated: Rs 65,08,958
Also, a summary of his pension account would be generated by the calculator.
Lump sum value: Rs 32,54,479
Annuity value: Rs 32,54,479
Expected monthly pension: Rs 18,984

Note: The illustration is purely indicative and does not guarantee the actual figures.

Frequently Asked Questions

What is the current interest rate of NPS?

The current interest rate on the National Pension Scheme (NPS) as of February 2020 ranges
from 9% to 12% depending on the type of scheme and subscriber.

What is the minimum contribution for Tier I and Tier II NPS subscribers?

https://cleartax.in/s/nps-calculator 4/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Filings for AY 2023-24 have been stopped. We will notify you once ITR filings for AY 2024-25
Tierenabled.
are I subscribers of the NPS scheme are required to make a minimum initial contribution
of Rs 500 at the time of registration after which subscribers can contribute a minimum of
Rs 500 per contribution. However, Tier I subscribers are required to contribute at least Rs
1,000 during the financial year.
The minimum initial contribution for Tier II NPS subscribers, on the other hand, is Rs 1,000.
The minimum amount per contribution for Tier I subscribers is Rs 250.

What are the tax benefits under NPS?

As per Section 80CCD (1) of the Income Tax Act, individual subscribers of the National
Pension Scheme (NPS) are eligible for tax benefits up to 10% of the gross income until Rs
1.50 lakh under Section 80 CCE. Also, individual Tier I NPS subscribers are eligible for
additional tax benefits under Subsection 80CCD (1B) of the IT Act, 1961. Subscribers can
avail deduction up to Rs 50,000 on investments made towards the NPS scheme above
the tax deduction available under Section 80C of the IT Act.

What is Annuity?

Annuity refers to the amount an NPS subscriber would receive from the Annuity Service
Provider (ASP). The subscriber will be required to decide the percentage of pension wealth
to be utilised for the purchase of Annuity.
While the minimum percentage of the pension amount to be used for the purchase of the
Annuity in the case of Superannuation is 40%, pre-mature exits from NPS require at 80% of
the pension wealth to be used for purchasing an annuity from the ASPs.

Other Calculators

EMI Calculator Income tax calculator

SIP Calculator PPF calculator

FD Calculator RD Calculator

https://cleartax.in/s/nps-calculator 5/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Filings for AY 2023-24 have been stopped. We will notify you once ITR filings for AY 2024-25
Home Loan EMI Calculator Compound Interest Calculator
are enabled.

NPS Calculator Gratuity Calculator

Personal Loan EMI Calculator Car loan emi calculator

Mutual fund calculator PF Calculator

Salary Calculator HRA Calculator

CAGR Calculator Discount Calculator

Retirement Calculator Future Value Calculator

SWP Calculator Lumpsum Calculator

Education loan emi calculator SSY Calculator

Mortgage Calculator Marriage Calculator

ROI Calculator Present Value Calculator

NPV Calculator LTCG Calculator

Savings Calculator Child Education Planning Calculator

Tax Saving Calculator Goal Planner

Down Payment Calculator Lease Calculator

Bitcoin tax calculator Payback Period Calculator

https://cleartax.in/s/nps-calculator 6/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Filings for AY 2023-24 have been stopped. We will notify you once ITR filings for AY 2024-25
Currency Converter Ethereum tax calculator
are enabled.

NFT Tax Calculator Crypto Tax Calculator

Follow us on C O M PA N Y

About us
Contact us

Have a query? Careers

Media & Press
Support
User reviews
Engineering blog
Clear Library
FinTech glossary
ClearTax Chronicles
GST Product Guides
Trust & Safety
Cleartax(Saudi Arabia)

PR O DUC T S

Individuals Income Tax Filing

Income Tax e Filing Income Tax App android

Tax Planning Income Tax
ClearInvestment Secion 80 Deductions
ClearServices Income tax for NRI
Mutual Funds & ITR e-filing App
Mutual funds

https://cleartax.in/s/nps-calculator 7/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Filings for AY 2023-24 have been stopped. We will notify you once ITR filings for AY 2024-25
are enabled.
ClearGST Enterprises

GST ClearGST
GST Login ClearE-Waybill
GST software e-Invoicing Software
New GST returns ClearTDS
e-invoicing eWay Bill Registration
Input tax credit

CAs SMEs

CA partner program ClearGST

ClearGST ClearOne
ClearTDS Billing Software
ClearTaxCloud Invoicing Software
ClearPro App Services for businesses
ClearOne App

ClearServices HSN Lookup

Tax filing for professionals HSN Code Finder

Tax filing for traders Cement HSN Code
Clear Launchpad Transport HSN Code
Trademark Registration Plastic HSN Code
Company Registration Cloth GST Rate
TDS returns Books GST Rate
MSME Registration
R ESO UR C ES & G UIDES

GST Resources ITR Resources

GST Registration Income Tax Slab

GST Returns Form 26AS
GST Procedure What is Form 16
GST News & Announcement Salary Income
GSTR 9 Annual Returns How to File TDS Returns
GST Payments & Refunds New Income Tax Portal
Invoicing Under GST Incometax.gov.in

https://cleartax.in/s/nps-calculator 8/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

GSTR-2B Income
Filings for AY 2023-24 have been stopped. We will from
notify Selling
you onceShares
ITR filings for AY 2024-25
are enabled.
GSTR-3B Income Tax Due Dates

Mutual Fund Resources Business Resources

How to Invest in Mutual Funds Memorandum of Understanding (MoU)

Mutual fund Types Mudra Yojana
ELSS Inflation & Deflation
SIP Mutual Funds Loan Agreement
Hedge Funds Succession Certificate
Debt Funds Solvency Certificate
NFO Debt Settlement Agreement
What is AMFI Rental Agreement
What is NAV Letters Of Credit
TO O L S

Income tax calculator PPF Calculator

EMI Calculator GST number search
Mutual fund calculator IFSC Code Search
HSN Code Finder Generate rent receipts
SIP calculator Home Loan EMI Calculator
GST calculator NPS Calculator

HRA calculator Find HSN code

RD Calculator Tax Saving Calculator
FD Calculator Get IT refund status
Gold Rates Today Salary Calculator
Currency Converter EPF Calculator
Compound Interest Calculator GST Number Search by Name

T R EN DIN G MUT UAL FUN DS

ICICI Prudential Technology Fund Direct Plan Growth Tata Digital India Fund Direct Growth

Axis Bluechip Fund Growth ICICI Prudential Technology Fund Growth

https://cleartax.in/s/nps-calculator 9/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Aditya for
Filings BirlaAY
Sun Life Taxhave
2023-24 Reliefbeen
96 Growth
stopped. We will notify you once ITR filings for AY 2024-25
are enabled.
Aditya Birla Sun Life Digital India Fund Direct Plan Growth

Quant Tax Plan Growth Option Direct Plan SBI Technology Opportunities Fund Direct Growth

Axis Long Term Equity Fund Growth

TO P AM C S

SBI Mutual Fund Nippon India mutual fund HDFC Mutual Fund UTI mutual fund

Kotak Mahindra Mutual Fund ICICI Prudential Mutual Fund Aditya Birla Mutual Fund

Axis mutual fund

STO C K M AR K ET S

Stock Market Live Yes Bank Share Price SBI Share Price IRCTC Share Price

ITC Share Price TCS Share Price Tata Motors Share Price Infosys Share Price

Idea Share Price HDFC Bank Share Price

B EST FUN DS

Best Mutual Funds Best Tax Savings Mutual Funds Best Index Funds

Best Equity Mutual Funds

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India.
Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get
your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital
gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use
our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps
CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes
tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you
in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you
can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your
mobile phone.

CLEARTAX IS A PRODUCT BY DEFMACRO SOFTWARE PVT. LTD.

https://cleartax.in/s/nps-calculator 10/11
1/8/24, 10:49 AM NPS Calculator - National Pension Scheme Calculator - Calculator to Find NPS Maturity Amount Online

Company
Filings for Policy Terms
AY 2023-24 haveof usestopped. We will notify you once ITR filings for AY 2024-25
been
are enabled.
ISO 27001
Data Center

SSL Certified Site

128-bit encryption

https://cleartax.in/s/nps-calculator 11/11