🎲 Fun & Lifestyle
Annuity Calculator
Fixed periodic payouts from a lumpsum — immediate or deferred annuity.
Enter values to see your result
Frequently asked questions
Immediate vs deferred annuity?
Immediate: pays from month 1 — pick for retirees who need income now. Deferred: corpus grows for a set period before payouts start — pick if retirement is 5+ years away.
Is annuity income taxable?
Yes, fully taxable at your slab rate in India. This is a disadvantage over systematic withdrawal from mutual funds where only the capital gains portion is taxed.
Can annuity payouts be inflation-linked?
Yes — some insurers offer "increasing annuity" where payouts rise 3–5% annually. Initial payout is lower, but preserves purchasing power over time.
How is NPS tier-1 annuity different?
NPS mandates 40% of corpus into an annuity at 60. You pick from empanelled insurers. Purchase decision matters — compare payout quotes across providers.