EPF Calculator
Project your Employee Provident Fund corpus at retirement from your basic salary and contribution rate.
- Invested
- Value
- Invested
- ₹1.25Cr
- Interest earned
- ₹1.96Cr
Combined employee + employer monthly contribution of ₹4.70K, increasing 10% each year with your salary, at a constant 8.25% p.a. The employer default (3.67%) reflects only the share routed to EPF — the remaining 8.33% of the statutory 12% goes to the EPS pension pool, which this estimate excludes. Interest follows the EPFO rule: it accrues on the running balance each month and is credited once at year end, so it does not compound within the year. EPF's official rate is revised annually by the government — verify before relying on this.
Independent · No commissions · No fund-house data — how the numbers are computed
How it works
The Employees' Provident Fund (EPF) is the mandatory retirement account for most salaried employees in India. You contribute 12% of basic salary plus dearness allowance; your employer contributes a matching 12%, of which 8.33% is diverted to the Employees' Pension Scheme (EPS) and only 3.67% lands in your EPF account. Interest is declared annually by the EPFO.
This calculator projects your EPF corpus at retirement from your basic salary, the employee and employer contribution percentages (defaults: 12% and the 3.67% EPF share), an annual salary increment (default 10%), and the interest rate. It defaults to 8.25% — the rate the EPFO declared for FY 2024-25 — and every input is editable, since the rate is revised each year.
The projection follows the actual EPFO crediting rule: interest accrues on the running balance every month but is credited only once at year end, so it does not compound within the year. The EPS pension share is excluded — this is the EPF lump sum alone, not the pension the 8.33% buys.
Frequently asked questions
Can I withdraw EPF before retirement?
Yes, in defined cases. The full balance can be withdrawn after two months of unemployment. Partial advances are allowed for specific purposes — buying or building a house, medical treatment, children's education or marriage, and home-loan repayment — each with its own service-length and amount limits. Withdrawing before five years of continuous service makes the withdrawal taxable, with TDS deducted above ₹50,000.
Is EPF interest taxable?
Mostly no. Interest is tax-free while employed, and withdrawals after five years of continuous service are tax-free. Two exceptions: interest earned on your own contributions above ₹2.5 lakh a year is taxable, and interest credited after you leave employment is taxable. Withdrawals before five years of service are taxed, with TDS above ₹50,000.
What is the current EPF interest rate?
The EPFO declares the EPF rate once a year for each financial year — this calculator defaults to 8.25%, the rate declared for FY 2024-25, and lets you edit it. Interest accrues monthly on the running balance but is credited in one shot at the end of the financial year, so it does not compound month to month within the year.
Why does the employer contribution default to 3.67% and not 12%?
The employer does contribute 12% of basic pay, but 8.33% of it is diverted to the Employees' Pension Scheme (EPS), which pays a separate pension after 58 rather than adding to your EPF balance. Only the remaining 3.67% reaches your EPF account, so that is the default this calculator uses for the employer's share of the corpus.
What is VPF (Voluntary Provident Fund)?
VPF is a voluntary top-up to EPF: an employee can contribute more than the mandatory 12% of basic pay — up to 100% — and it earns the same EPFO-declared rate with the same tax treatment. The employer does not match VPF. In this calculator, raising the employee contribution slider above 12% models a VPF contribution. Note that interest on own contributions above ₹2.5 lakh a year is taxable.
Does EPF interest compound monthly?
No. Interest accrues on the closing balance of each month at one-twelfth of the annual rate, but the whole year's accrual is credited to the account only at the end of the financial year. Within a year, interest therefore does not earn interest; compounding happens only year over year. This calculator implements exactly that crediting rule rather than a monthly-compounding approximation.
Go further
The self-directed provident fund — no employer needed, same EEE treatment.
The market-linked pillar many salaried investors add on top of EPF.
The other statutory retirement payout that comes with a salaried job.
See how EPF deductions shape your monthly take-home from CTC.
Work out whether the EPF corpus alone covers your retirement need.