EPF Calculator Employee Provident Fund
Plan your retirement savings with India's most popular retirement scheme
Calculate your EPF contributions, employer's contributions, and project your retirement corpus. Factor in salary increments and interest to see how your EPF grows over time.
EPF Calculator
Plan your retirement with Employee Provident Fund
💡 Tip: The current EPF interest rate is 8.25% p.a. (FY 2023-24). Adjust the rate based on your expectations.
Understanding EPF (Employee Provident Fund)
What is EPF?
- Mandatory retirement savings scheme for salaried employees in India
- Managed by EPFO (Employees' Provident Fund Organisation)
- Applicable to organizations with 20+ employees
- Provides financial security during retirement
Contribution Structure
- Employee: 12% of basic salary + DA
- Employer: 12% split as 3.67% to EPF + 8.33% to EPS
- Total EPF contribution: ~15.67% of basic salary
- Voluntary higher contribution allowed (VPF)
Key Benefits
- Tax Benefits: EEE status - Exempt at contribution, accumulation, and withdrawal
- Higher Interest: Currently 8.25% p.a., better than savings accounts
- Employer Match: Employer contributes equal amount
- Loan Facility: Can avail loans for housing, education, medical emergencies
Withdrawal Rules
- At Retirement: Full withdrawal allowed at age 58
- Before Retirement: Partial withdrawals allowed for specific purposes
- Job Change: Transfer EPF to new employer or withdraw after 2 months
- Online Access: Check balance and withdraw through EPFO portal
Important Notes
- This calculator provides estimates. Actual EPF balance may vary based on policy changes and actual salary increments.
- EPF interest rates are revised annually by the government. Current rate is 8.25% (FY 2023-24).
- For official EPF balance and passbook, visit the EPFO portal at www.epfindia.gov.in
- Contributions above ₹2.5 lakh per annum are taxable from FY 2021-22 onwards.