EPF Calculator India

EPF Calculator

Calculate Employee Provident Fund balance at retirement with salary increments. Employee + employer breakdown.

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Monthly Contribution Breakdown

Employee (12%)

₹3,600

Employer PF (3.67%)

₹1,101

Employer EPS (8.33%)

₹1,250

Capped at ₹15K basic

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Retirement Age: 58 (fixed as per EPF rules)

Total EPF Corpus at Retirement

₹1,23,30,336

Employee Total

₹28,70,158

Employer PF Total

₹8,77,790

Interest Earned

₹85,82,388

Years to Retire

30 years

Corpus Breakdown

₹1,23,30,336corpus
Employee (23%)
Employer (7%)
Interest (70%)

EPF Key Information

  • Current Rate: 8.25% per annum (FY 2024-25, latest declared). Rate is set by EPFO annually and may change.
  • Contribution Split: Employee 12% of Basic+DA. Employer: 3.67% to EPF + 8.33% to EPS (capped at ₹15,000 basic)
  • Tax on Interest: Interest on employee contribution exceeding ₹2.5L/year is taxable (from FY 2021-22)
  • Withdrawal: Full withdrawal allowed after 2 months of unemployment or at retirement (58). Partial withdrawals for housing, medical, marriage etc.
  • Tax Benefit: Employee contribution qualifies under Section 80C (up to ₹1.5L). Corpus is tax-free if withdrawn after 5 years of continuous service.
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Disclaimer: This calculator is for informational and educational purposes only.
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Frequently Asked Questions

What is EPF and how does it work?+
EPF (Employee Provident Fund) is a retirement savings scheme where both employee and employer contribute 12% of basic salary each month. The government sets the annual interest rate.
How is EPF interest calculated?+
EPF interest is calculated monthly on the running balance but credited annually. The rate is declared by the government each year.
Can I withdraw EPF before retirement?+
Partial withdrawal is allowed for specific purposes like home purchase, medical emergency, or education after certain conditions are met. Full withdrawal is allowed after 2 months of unemployment.