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Personal FinanceIndividual
NPS Withdrawal Tax Calculator
At-60 withdrawal: 60% lumpsum (fully tax-free), 40% mandatory annuity (pension taxed at slab). Model your post-tax take-home.
Your inputs
₹1,00,00,000
₹
Min 40% must go to annuity; max 60% lumpsum.
Typical: 6-7% on annuity corpus.
Result
- Lumpsum withdrawal
- ₹60,00,000
- Tax-free portion (s.10(12A))
- ₹60,00,000
- Annuity corpus (locked)
- ₹40,00,000
- Annual pension (pre-tax)
- ₹2,60,000
- Tax on annual pension
- ₹52,000
- Net lumpsum in hand
- ₹60,00,000
- Net annual pension
- ₹2,08,000
Reviewed by CA team
Estimates only — rules change frequently. Please verify with a CA before you file, invest, or sign anything.
Assumptions
- Calculator assumes withdrawal at superannuation (age 60+) under s.10(12A).
- Annuity income is fully taxable each year as 'Income from Other Sources' at slab.
- Doesn't model the upfront annuity purchase charges or GST.
Corpus split at 60
How this is calculated
Reviewed by CA teamLumpsum = Corpus × (lumpsum% / 100) Tax-free lumpsum = min(Lumpsum, Corpus × 60%) Taxable lumpsum = max(0, Lumpsum − Corpus × 60%) Annuity corpus = Corpus − Lumpsum (min 40%) Annual pension = Annuity corpus × annuity rate Pension is fully taxable at slab rate as income from other sources.
Frequently asked questions
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