Calculate your National Pension System returns and estimate your retirement corpus.
The National Pension System (NPS) is a voluntary retirement savings scheme backed by the Government of India. It allows you to build a retirement corpus and get a regular monthly pension.
NPS offers an exclusive additional tax deduction of ₹50,000 under Section 80CCD(1B), over and above the ₹1.5 Lakh limit under Section 80C.
No, at age 60, you can withdraw a maximum of 60% of your corpus as a tax-free lump sum. The remaining 40% must be used to purchase an annuity to provide you with a regular monthly pension.
Yes, the monthly pension (annuity) you receive is treated as normal income and is taxable according to your income tax slab in retirement.