What is the National Pension System (NPS)?

NPS is a voluntary, long-term retirement savings scheme designed to enable systematic savings during working life, managed by professional fund managers (PFM) regulated by PFRDA.

What are the tax benefits of NPS?

NPS contributions are eligible for deduction up to ₹1.5 Lakhs under Sec 80C, plus an additional exclusive deduction of ₹50,000 under Section 80CCD(1B).

Is NPS withdrawal completely tax-free at age 60?

Yes. At age 60, you can withdraw up to 60% of the corpus as a tax-free lump sum. The remaining 40% must be used to purchase a pension annuity, which is taxable as regular income in the year received.

National Pension System (NPS) Calculator

Calculate National Pension Scheme (NPS) corpus, monthly pension amount, and lump sum payouts. Model equity vs debt allocations for tax saving under Sec 80CCD.

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