About the EPF Calculator
What is the EPF Calculator?
The Employees' Provident Fund (EPF) is the mandatory retirement savings scheme for salaried employees in organisations with 20 or more staff. You contribute 12% of your basic salary plus dearness allowance every month, and your employer matches it.
The employer's 12% is split: 8.33% of wages (on a wage ceiling of ₹15,000, so at most ₹1,250 a month) goes to the Employees' Pension Scheme (EPS) and only the rest goes to your EPF account. This calculator applies that split correctly, grows your salary every year, credits interest annually and shows your EPF corpus at retirement.
How to use the EPF Calculator
- Monthly Basic Salary + DA (₹) — your monthly basic salary plus dearness allowance, not your gross or CTC. (sample: 30,000)
- Current Age (sample: 30)
- Retirement Age (sample: 58)
- Current EPF Balance (₹) (sample: 2,00,000)
- Expected Salary Growth (% per year) (sample: 7)
- EPF Interest Rate (% per year) — 8.25% was declared for FY 2024-25; the rate is announced every year. (sample: 8.25)
- Voluntary PF (VPF, % of basic) — optional extra contribution as a percentage of basic. (sample: 0)
- Press Calculate EPF Corpus (results also refresh as you type). The result card shows the EPF Corpus at Retirement, along with Your contributions, Employer contributions to EPF, Interest earned and This month: your share (12% + VPF).
Formula used
Monthly EPF credit = 12% × W + (12% × W − min(8.33% × W, ₹1,250))
- W = monthly basic salary + DA
- Interest = calculated monthly on the running balance at rate ÷ 12 and credited at the end of each year
Voluntary PF (VPF) is added to your share and earns the same rate. The EPS portion builds your pension, not your EPF balance.
Worked example
These are the sample values already filled in the calculator above, and the result it returns for them:
| Input | Sample value |
|---|---|
| Monthly Basic Salary + DA (₹) | 30,000 |
| Current Age | 30 |
| Retirement Age | 58 |
| Current EPF Balance (₹) | 2,00,000 |
| Expected Salary Growth (% per year) | 7 |
| EPF Interest Rate (% per year) | 8.25 |
| Voluntary PF (VPF, % of basic) | 0 |
| Result | Value |
|---|---|
| EPF Corpus at Retirement | ₹1,87,33,747 |
| Your contributions | ₹34,86,140 |
| Employer contributions to EPF | ₹30,66,140 |
| Interest earned | ₹1,19,81,466 |
| This month: your share (12% + VPF) | ₹3,600 |
| This month: employer to EPF | ₹2,350 |
| This month: employer to EPS (pension) | ₹1,250 |
Tips for using the EPF Calculator
- EPF withdrawn after 5 years of continuous service is tax-free.
- Interest on your own contributions above ₹2.5 lakh a year (₹5 lakh if the employer does not contribute) is taxable.
- Transfer your EPF when you change jobs instead of withdrawing it — the same UAN follows you.