NPS ₹50,000 Tax Benefit Calculator — Section 80CCD(1B)
Investing ₹50,000/year (₹4,167/month) in NPS gives an additional tax deduction under Section 80CCD(1B), saving up to ₹15,600 in tax (30% bracket). Over 25 years at blended 9.5% returns, this builds a corpus of ₹51.29 lakh.
Total Corpus
₹61,43,586
Est. Monthly Pension
₹12,287
Tax-Free Lumpsum (60%)
₹36,86,152
Annuity Fund (40%)
₹24,57,434
Equity assumed at 12% p.a., Debt at 7% p.a. Max equity allocation is 75% (Active choice). 60% lumpsum is tax-free; 40% must be used to buy an annuity (6% annuity assumed for pension estimate).
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Common questions about NPS ₹50,000 Tax Benefit Calculator — Section 80CCD(1B)
How does the ₹50,000 NPS tax benefit work?
Under Section 80CCD(1B), you can claim an additional ₹50,000 deduction over and above the ₹1.5 lakh limit of Section 80C. This is available under both old and new tax regimes. In the new regime, only employer contributions under 80CCD(2) are deductible.