EPF Calculator
Project your Employee Provident Fund corpus at retirement from your basic salary and contribution rate.
Derived from your basic: the employer's 12% less the EPS diversion, which is capped at ₹1.25K/month.
- Invested
- Value
- Invested
- ₹1.87Cr40%
- Interest earned
- ₹2.81Cr60%
Combined employee + employer monthly contribution of ₹5.95K, increasing 10% each year with your salary, at a constant 8.25% p.a. The employer share shown (7.84%) is only the part routed to EPF: of the statutory 12%, 8.33% goes to the EPS pension pool — but that diversion is capped at 8.33% of ₹15.00K, so above that basic the excess lands back in EPF and the share rises above 3.67%. The EPS pension itself is excluded from this estimate. 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.
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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%, part of which is diverted to the Employees' Pension Scheme (EPS). That diversion is 8.33% of basic only up to the ₹15,000 pension-wage ceiling — a maximum of ₹1,250 a month — and everything above it stays in your EPF account, so the familiar "3.67% reaches EPF" figure holds only at or below a ₹15,000 basic. 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 (the employer's share is derived from your basic, since the EPS diversion is capped at ₹1,250 a month), an annual salary increment (default 10%), and the interest rate. It defaults to 8.25% — the rate the EPFO declared for FY 2025-26 — 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 2025-26, 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 is the employer contribution less than 12%, and why does it change with my salary?
The employer does contribute 12% of basic pay, but part of it is diverted to the Employees' Pension Scheme (EPS), which pays a separate pension rather than adding to your EPF balance. The EPS share is 8.33% of basic only up to the ₹15,000 pension-wage ceiling, so it stops growing at ₹1,250 a month — and every rupee of the employer's 12% above that lands in EPF instead. At a ₹15,000 basic the EPF share is the familiar 3.67%; at ₹30,000 it is 7.83%, and at ₹1,00,000 it is 10.75%. This calculator derives the share from the basic you enter, and re-derives it every year as your increment raises that basic — the ₹1,250 cap is a fixed rupee amount, so the EPF share keeps climbing while it stands still. Assuming a flat 3.67%, or even freezing the correct starting share for the whole career, understates a career-long corpus by tens of lakhs. The field stays editable because some employers restrict PF wages to ₹15,000 instead of contributing on full basic.
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
Why in-hand is so much less than the offer letter — and where the rest goes.
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.
Where the employer's 12% splits, and why the pension half stays frozen as your salary grows.