EPF Calculator
Employee Provident Fund corpus at retirement. 12% employee + 12% employer (3.67% to EPF, 8.33% to EPS), compounded monthly at the current 8.25% rate.
Estimate only. Excludes EPS (pension) component. Actual corpus depends on EPFO-notified rate each year, salary revisions, and continuity of employment. Employer EPS contribution (8.33%) is capped on ₹15,000 salary.
How EPF interest is calculated
Every month, 12% of your basic + DA is deducted as your EPF contribution. Your employer also contributes 12% — but this is split into two schemes:
- 3.67% goes into your EPF account (this calculator tracks only this portion)
- 8.33% goes into EPS (Employee Pension Scheme), which funds a monthly pension and is not part of your lump-sum corpus
EPFO declares an interest rate every financial year. For FY 2024-25, the rate is 8.25% p.a., compounded monthly. This calculator compounds the running corpus each month at rate ÷ 12, and increases your basic salary at the end of each year by the growth rate you specify.
The EPS employer contribution is capped on ₹15,000/month basic salary regardless of actual salary, so the pension entitlement is modest for most employees. The EPF corpus, however, grows on your actual basic salary if the employer opts to contribute above the statutory minimum.
Frequently asked questions
EPF vs EPS — what's the difference?▼
EPF (Employee Provident Fund) is the savings corpus you accumulate over your working life and receive as a lump sum at retirement or resignation. EPS (Employee Pension Scheme) is funded by 8.33% of the employer's 12% contribution (capped on ₹15,000 basic salary) and provides a monthly pension post-retirement. You do not receive the EPS amount as a lump sum — only a monthly pension based on years of service.
Is there a salary cap on EPF contributions?▼
The statutory EPF cap is ₹15,000/month on basic + DA. If your basic exceeds ₹15,000, you and your employer are technically required to contribute only on ₹15,000 (i.e., ₹1,800/month each). However, most employers in practice continue contributing at actual basic salary ('voluntary PF'), which grows a much larger corpus. This calculator uses your actual basic salary entered.
Can I withdraw EPF before retirement?▼
Full withdrawal is allowed at retirement (age 58) or after 2 months of unemployment. Partial withdrawals are permitted for specific purposes: up to 90% for housing purchase/construction (after 5 years), education and marriage of self/children (after 7 years), medical emergencies (any time), and natural calamities. Each type has its own eligibility and limit rules set by EPFO.
Is EPF interest and withdrawal tax-free?▼
EPF enjoys EEE (Exempt-Exempt-Exempt) status if you have completed 5+ years of continuous service: contributions get 80C deduction, interest accrues tax-free, and the final withdrawal is tax-free. Withdrawal before 5 years is taxable as income. From FY 2021-22, interest earned on employee contributions exceeding ₹2.5 lakh per year is taxable at your slab rate.
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