EPF Calculator
Estimate your Employee Provident Fund corpus at retirement based on your salary and contribution rates.
Employee contribution: 12% of basic
Employer contribution: 12% of basic
Your Contribution
₹36 L
Interest Earned
₹1.61 Cr
Total Corpus
₹2.33 Cr
Corpus Breakdown
EPF Calculator – Employee Provident Fund Returns
What is EPF?
The Employee Provident Fund (EPF) is a mandatory retirement savings scheme for salaried employees in India. Both the employee (12% of basic salary) and employer (3.67% of basic salary) contribute monthly, and the accumulated amount earns government-guaranteed interest, currently at 8.25% per annum.
EPF is managed by the Employees' Provident Fund Organisation (EPFO) and covers establishments with 20+ employees. It's one of the largest social security schemes in the world.
How Does the EPF Calculator Work?
The EPF calculator compounds monthly contributions at the annual interest rate. Each month, the employee contribution (12% of basic + DA) and employer contribution (3.67% of basic + DA) are added to the balance, and interest is calculated on the running balance.
For example, if your basic salary is ₹50,000, your monthly EPF contribution is ₹7,835 (₹6,000 employee + ₹1,835 employer). Over 30 years at 8.25%, this builds a corpus of approximately ₹1.18 crore — demonstrating the incredible power of long-term compounding.
EPF Interest Calculation
EPF interest is calculated monthly on the running balance but credited annually at the end of the financial year. The current rate is 8.25% per annum (FY 2024-25). Interest earned is tax-free if you have continuous service for 5+ years.
The employer's remaining 8.33% contribution goes to EPS (Employee Pension Scheme), which provides a monthly pension after retirement — separate from the EPF corpus.
EPF Withdrawal Rules
Full withdrawal is allowed at retirement (age 58) or after 2 months of unemployment. Partial withdrawal is permitted for specific purposes: medical emergency, home purchase/repayment, children's education/marriage, and home renovation — subject to tenure and amount limits.
Early withdrawal before 5 years of continuous service attracts tax on the entire accumulated interest. After 5 years, the withdrawal is tax-free.
Frequently Asked Questions
Yes, through VPF (Voluntary Provident Fund). You can voluntarily contribute up to 100% of your basic salary to EPF, earning the same interest rate. VPF contributions also qualify for Section 80C deduction up to the overall ₹1.5 lakh limit.
EPF interest on contributions up to ₹2.5 lakh per year is tax-free. Interest on contributions exceeding ₹2.5 lakh per year (for private sector employees) is taxable from FY 2021-22 onwards. This limit is ₹5 lakh for government employees.
You should transfer your EPF balance to the new employer using Form 13 or the UAN portal. This preserves your continuous service record for tax-free withdrawal and pension benefits. Never withdraw when changing jobs — transfer instead.
UAN (Universal Account Number) is a 12-digit unique ID assigned to every EPF member. It remains the same throughout your career regardless of job changes. Link all your PF accounts to one UAN for easy tracking, transfer, and withdrawal. Activate UAN on the EPFO portal using your Aadhaar-linked mobile number.
You can check EPF balance via: (1) UMANG app, (2) EPFO portal (passbook feature), (3) SMS 'EPFOHO UAN' to 7738299899, (4) Missed call to 9966095484 from registered mobile. Balance is updated after each monthly contribution is processed by EPFO, usually with a 2–3 month lag.
EPS is a pension scheme funded by the employer's 8.33% contribution (of basic salary) to EPF. It provides a monthly pension after retirement (age 58) if you've completed 10+ years of service. The minimum pension is ₹1,000/month. Pension amount depends on average salary of last 60 months and total service years.
Yes. EPF allows advance withdrawal for medical treatment of self, spouse, children, or parents. You can withdraw up to 6 months' basic salary + DA or total employee contribution + interest, whichever is less. No minimum service period required for medical withdrawal. Submit Form 31 through your employer or online via EPFO portal.
EPF offers higher returns (8.25% vs PPF's 7.1%) and employer matching, but it's mandatory and limited to salaried employees. PPF is voluntary, open to all, and has EEE tax status with no withdrawal limits on interest. For salaried people, EPF is automatic and excellent. Self-employed should use PPF. Ideally, use both for maximum retirement savings.
EPS pension = Pensionable Salary × Pensionable Service ÷ 70. Pensionable Salary is the average of last 60 months' basic salary (capped at ₹15,000). Pensionable Service is total years of EPF contribution. For example, 30 years of service with ₹15,000 average salary = ₹15,000 × 30 ÷ 70 = ₹6,429/month pension.