EPF Calculator - Calculate PF Balance & Interest
Calculate your Employee Provident Fund (EPF) corpus at retirement. Estimate your total PF balance including employer contribution and interest.
Monthly Basic Salary
Your Contribution
Interest Rate
Current Age
Annual Increment
Maturity Value
₹1,28,82,077
EPF Calculator – Employee Provident Fund Corpus Estimator
An EPF Calculator helps salaried employees estimate the total corpus they will accumulate in their Employee Provident Fund (EPF) by the time they retire.
The Employee Provident Fund (EPF) is a mandatory retirement savings scheme for salaried employees. Both the employee and employer contribute 12% of the basic salary.
What is a EPF Calculator?
This calculator estimates your retirement corpus based on your current salary, expected increment, and the EPF interest rate.
It projects the growth of your EPF balance until retirement. It takes into account the compound interest declared by the EPFO annually.
It helps you understand if your mandatory savings are enough for retirement or if you need supplementary investments.
How does this EPF Calculator work?
The calculator uses the following formula:
Compound Interest on Monthly Contributions
- Employee Contribution = 12% of (Basic + DA)
- Employer Contribution = 3.67% of (Basic + DA) to EPF
- Interest is calculated monthly on the running balance.
- Interest is credited to the account at the end of each financial year.
How to use this EPF Calculator effectively
- Enter your current Basic Salary + DA.
- Input your current age and expected retirement age.
- Provide an estimate for your annual salary increment.
- The calculator estimates the total corpus you will have upon retiring at 58.
Commonly asked questions
What is EPF?
Employees' Provident Fund (EPF) is a retirement benefit scheme managed by the EPFO for salaried employees in India.
Who is eligible for EPF?
It is mandatory for organizations with 20 or more employees. Employees earning up to ₹15,000 per month must join; others can join voluntarily.
What is the contribution rate?
Both the employee and employer contribute 12% of the employee's basic salary plus DA. In some cases, it is restricted to 10%.
How is the employer's contribution split?
Out of the employer's 12% contribution, 8.33% goes towards the Employees' Pension Scheme (EPS) and 3.67% goes to the EPF.
What is the current interest rate?
The interest rate is declared by the EPFO annually. Currently, it is around 8.15% p.a.
Is EPF interest taxable?
Interest earned on employee contributions exceeding ₹2.5 Lakh in a financial year is taxable.
When can I withdraw my EPF?
You can withdraw the full amount at retirement (age 58) or if you remain unemployed for more than 2 months.
Can I make partial withdrawals?
Yes, partial withdrawals are allowed for specific needs like house purchase, marriage, education, or medical treatment, subject to conditions.
What is UAN?
Universal Account Number (UAN) is a unique 12-digit number allotted to every EPF member, which remains the same even if you change jobs.
How do I transfer my EPF?
You can transfer your EPF online using the UAN member portal when you switch jobs. The UAN remains the same.
Is the maturity amount tax-free?
Yes, the withdrawal is tax-free if you have rendered continuous service for 5 years or more.
What happens if I withdraw before 5 years?
If withdrawn before 5 years of continuous service, the amount becomes taxable.
Can I contribute more than 12%?
Yes, you can voluntarily contribute more than 12% under the Voluntary Provident Fund (VPF) scheme.
Does VPF earn the same interest?
Yes, VPF contributions earn the same interest rate as the EPF.
What happens to the EPS portion?
The EPS portion builds up your pension corpus. You receive a monthly pension after retirement if you have completed 10 years of service.
Can I check my EPF balance online?
Yes, you can check your balance via the EPFO portal, UMANG app, SMS, or missed call service.
Is nomination necessary?
Yes, filing an e-nomination is crucial to ensure smooth claim settlement for your family in case of your demise.
What if my employer doesn't deposit EPF?
You can lodge a complaint with the EPFO through the EPFiGMS portal.
Is Aadhaar linking mandatory?
Yes, linking Aadhaar with your UAN is mandatory for contributions and withdrawals.
Does EPF have a lock-in period?
The EPF is meant for retirement, so the primary lock-in is until retirement, though partial withdrawals are permitted.