Employee Provident Fund (EPF) Calculator
Calculate your EPF corpus, employee and employer contributions, and total interest earned. Plan retirement with detailed yearly breakdowns and growth charts.
About This Calculator
Employee Provident Fund (EPF) is a mandatory retirement savings scheme for salaried employees in India, managed by the Employees' Provident Fund Organisation (EPFO). Both the employee and employer contribute 12% of the employee's basic salary plus dearness allowance to build a substantial retirement corpus.
Our EPF calculator helps you estimate your total EPF corpus at retirement by considering your current basic salary, current age, and retirement age. It provides a detailed yearly breakdown of contributions (employee vs. employer), interest earned, and the overall maturity amount.
EPF Key Features:
- Contribution Rate: 12% employee + 12% employer (on basic + DA)
- Interest Rate: Currently 8.25% p.a. (declared annually by EPFO)
- Wage Ceiling: Statutory cap of ₹15,000/month for mandatory coverage
- EPS Component: 8.33% of employer contribution goes to Employee Pension Scheme
- Tax Benefits: Employee contribution deductible under Section 80C
EPF Benefits:
- Retirement Security: Builds a substantial corpus over your working career
- Attractive Returns: Historically 8-12% p.a. interest rate
- Employer Matching: Employer contributes equally to your retirement
- Partial Withdrawals: Allowed for education, marriage, housing, medical needs
- Tax Efficiency: Interest and maturity are tax-free after 5 years of service
- Portable: UAN stays with you across job changes
Features:
- EPF corpus projection at retirement
- Employee vs. employer contribution breakdown
- Year-by-year growth visualization
- Growth and breakdown charts
- Shareable calculation links
- EPF balance tracking across career
Frequently Asked Questions
What is EPF and how does it work?
EPF (Employee Provident Fund) is a retirement benefit scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, managed by the EPFO (Employees' Provident Fund Organisation). Both employee and employer contribute 12% of the employee's basic salary plus dearness allowance to the EPF account. The employee's entire 12% goes to EPF, while the employer's 12% is split -- 8.33% goes to EPS (Employee Pension Scheme) and 3.67% goes to EPF. The accumulated corpus earns interest at a rate declared annually by the EPFO, and the entire amount is payable at retirement.
What is the current EPF interest rate?
The current EPF interest rate for FY 2025-26 is 8.25% per annum, as declared by the EPFO. The rate is reviewed annually by the Central Board of Trustees (CBT) and notified by the Ministry of Labour & Employment. Historically, EPF rates have ranged between 8.10% and 12% over the past two decades. Interest is calculated on the monthly running balance but is credited to the account at the end of the financial year.
How is EPF contribution calculated?
EPF contribution is 12% of your basic salary plus dearness allowance from both employee and employer. The employee's 12% goes entirely to EPF. The employer's 12% is allocated as: 8.33% to EPS (Employee Pension Scheme) subject to a maximum of ₹1,250 per month, and the remaining 3.67% to EPF. However, if basic salary exceeds ₹15,000 per month, employer contribution to EPS is capped at ₹1,250 (8.33% of ₹15,000), and the excess employer contribution goes to EPF. Employees can also voluntarily contribute more under VP (Voluntary Provident Fund).
Can I withdraw EPF before retirement?
Yes, partial EPF withdrawals are allowed for specific purposes under the EPF Scheme 1952. You can withdraw for: 1) Marriage or education of self/children (after 7 years of service), 2) Purchase or construction of house (after 5 years), 3) Medical emergencies (anytime), 4) Unemployment -- if you remain unemployed for 2 months or more, you can withdraw up to 75% of your corpus, and after 1 month more, the remaining 25%. For COVID-19, special withdrawal provisions were also introduced.
Is EPF interest taxable?
EPF interest is exempt from tax up to a threshold. As per Budget 2021-22, interest attributable to employee contributions exceeding ₹2.5 lakh per annum (in a financial year) is taxable in the hands of the employee. If the employer does not contribute to EPF, the threshold is ₹5 lakh. The employee's contribution qualifies for tax deduction under Section 80C up to ₹1.5 lakh per year. The maturity amount is tax-free if you have completed 5 years of continuous service.
What is the difference between EPF, PPF, and NPS?
EPF is employer-mandated for salaried employees in organizations with 20+ employees, with fixed 12% contribution from both sides and ~8.25% returns. PPF is a voluntary government savings scheme open to all Indians with ₹500-₹1.5 lakh/year investment and 7.1% returns with a 15-year lock-in. NPS is a market-linked pension scheme with equity/debt allocation option, where 60% can be withdrawn at retirement and 40% must buy annuity. EPF offers the highest guaranteed return among the three.
What is the maximum basic salary for EPF?
The EPF statutory wage ceiling is ₹15,000 per month for basic salary plus dearness allowance. Employees earning above this can still be covered if the employer and employee agree to contribute on the full salary. However, employer contribution to EPS is always capped at ₹1,250 (8.33% of ₹15,000) per month. Any excess employer contribution above this cap flows into the EPF account. Our calculator applies the ₹15,000 cap for accurate statutory calculation.
How to check EPF balance?
You can check your EPF balance through multiple channels: 1) EPFO UMANG app -- the official government app, 2) EPF iPortal at epfindia.gov.in, 3) SMS -- send EPFOHO <UAN> LAN to 7738299899, 4) Missed call -- give a missed call to 9966044425 from your registered mobile number. Your UAN (Universal Account Number) is required for all digital services. Ensure your UAN is activated and linked with your Aadhaar and bank account for seamless access.
Can I transfer EPF when changing jobs?
Yes, EPF accounts can be transferred when you change jobs. Use the EPFO online claim (Form 13) to transfer your PF balance from your old employer to the new one. The transfer is free from tax implications. Since the introduction of UAN (Universal Account Number), transfers have become seamless as your UAN remains the same across employers. If both old and new employers are EPFO-compliant, you can file a composite claim for transfer-cum-withdrawal online.
What happens to EPF after 58 years of age?
After turning 58 years (retirement age under EPF scheme), you can withdraw the entire EPF corpus. If you continue working after 58, you can either withdraw the accumulated corpus or continue contributing to EPF. For EPS (Employee Pension Scheme), you start receiving monthly pension from age 58. The pension amount is calculated based on your pensionable service and average monthly salary. If you had EPS contributions from multiple employers, they can be combined before calculating pension.