NPS Calculator

NPS (National Pension System) is a government retirement savings scheme. You contribute monthly, it grows with market returns. At 60, you get 60% as lump sum and 40% must be used to buy an annuity (monthly pension).

NPS is good for salaried employees (especially government employees — NPS is mandatory). It gives tax benefits under Section 80CCD(1B) — additional ₹50,000 deduction over and above 80C limit.