Set Instant Pot to Sauté mode. Add butter to pot and let melt, then add garam masala, paprika, coriander, ginger, garlic, chili powder, cinnamon stick, and cardamom. Stir well and sauté 1 minute or until fragrant.
Add chicken to Instant Pot. Stir well to thoroughly coat chicken in spices. Add tomato paste, tomato sauce, and sugar. Stir well and cook 3 minutes in Sauté mode.
After 3 minutes, secure lid on Instant Pot with valve in sealing position. Set to Manual High Pressure with 7 minute cook time. After cook time is up, carefully Quick Release pressure in pot and remove lid.
Pour in cream and lemon juice. Stir, then simmer the mixture 5 minutes or until sauce has thickened slightly. Taste and add salt as needed. .
Serve the Instant Pot butter chicken with rice, broccoli, naan bread, and much more!
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