EPF Calculator

Calculate your Employee Provident Fund (EPF) balance, interest earned, and maturity amount. Track EPF contributions, employer contributions, and estimate your retirement corpus.

EPF Calculation Details

Current Age 30 years
years
20 30 40 50 60
Your current age (20 to 60 years)
Retirement Age 58 years
years
50 55 60 63 65
Age at which you plan to retire (50 to 65 years)
Basic Salary + DA ₹50,000
₹
₹15K ₹70K ₹1.3L ₹1.9L ₹2.5L
Basic salary + Dearness Allowance (₹15,000 to ₹2,50,000)
Current EPF Balance ₹5,00,000
₹
₹0 ₹12.5L ₹25L ₹37.5L ₹50L
Your current EPF balance (₹0 to ₹50,00,000)
Employee EPF Contribution 12%
%
0% 3% 6% 9% 12%
Your contribution to EPF (0% to 12% of basic salary)
Employer EPF Contribution 12%
%
3.67% 6% 8% 10% 12%
Employer's contribution to EPF (3.67% to 12% of basic salary)
EPF Interest Rate 8.25%
%
5% 6.5% 8% 9.5% 11%
Annual EPF interest rate (5% to 11%)
Expected Annual Salary Growth 7%
%
0% 4% 8% 11% 15%
Expected annual salary increase (0% to 15%)
Voluntary PF Contribution (VPP) ₹0
₹
₹0 ₹6,250 ₹12,500 ₹18,750 ₹25,000
Additional voluntary contribution to EPF (₹0 to ₹25,000 per month)
EPF Maturity Amount
₹1.25 Cr
At retirement age of 58 years
₹27.5 L
Total Employee Contribution
₹27.5 L
Total Employer Contribution
₹70.0 L
Total Interest Earned

Monthly Contribution Details

Employee EPF Contribution
₹6,000
Employer EPF Contribution
₹3,835
Employer EPS Contribution
₹1,165
Total Monthly Contribution
₹11,000

Yearly EPF Growth Projection

Year Employee Employer Interest Balance

EPF Tax Benefits

Section 80C

Employee contribution up to ₹1.5 lakhs per year qualifies for tax deduction under Section 80C.

Tax-Free Interest

Interest earned on EPF is tax-free if contributions are within specified limits.

Tax-Free Withdrawal

EPF withdrawal after 5 years of continuous service is tax-free.

EPF Withdrawal Rules

Full Withdrawal

Allowed after retirement, resignation with 2 months unemployment, or permanent disability.

Partial Withdrawal

Allowed for specific purposes like marriage, education, medical treatment, or home purchase.

Transfer

EPF balance can be transferred when changing jobs without tax implications.

About Employee Provident Fund (EPF)

The Employee Provident Fund (EPF) is a retirement benefits scheme for employees in India. It's a mandatory savings scheme where both employee and employer contribute a percentage of the basic salary every month.

EPF Contribution Structure

Employee Contribution

12% of (Basic + DA): Entire amount goes to EPF account

Employer Contribution

3.67% to EPF + 8.33% to EPS: Split between EPF and Employee Pension Scheme

Voluntary Contribution

Employees can contribute additional amount to VPF (Voluntary Provident Fund)

EPF Calculation Formula

Monthly Interest = (Opening Balance + Monthly Contributions) × (Monthly Interest Rate)

EPF interest is calculated monthly but credited annually. The monthly interest rate is annual rate divided by 12.

Key EPF Features

  • Guaranteed Returns: EPF offers government-guaranteed, tax-free returns
  • Tax Benefits: Triple tax benefits - deduction on contribution, tax-free interest, and tax-free withdrawal
  • Compounding: Interest compounds annually, leading to significant growth over time
  • Loan Facility: Can take loans against EPF balance for specific purposes
  • Portability: EPF account can be transferred when changing jobs
Note: EPF calculations are based on current contribution rates and interest rates. Actual EPF balance may vary based on salary changes, interest rate revisions, and government policies. Check your EPF passbook for accurate balance information.

What is the current EPF interest rate?

For FY 2023-24, the EPF interest rate is 8.25% per annum. This rate is declared by the EPFO annually.

How is EPF interest calculated?

EPF interest is calculated monthly on the running balance (opening balance + monthly contributions) at the monthly interest rate (annual rate/12). Interest is credited annually.

What is the difference between EPF and VPF?

EPF is mandatory contribution (12% of basic salary), while VPF (Voluntary Provident Fund) is additional voluntary contribution up to 100% of basic salary, earning the same interest rate.

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