Retirement
EPF Calculator
Employee Provident Fund calculator
About the EPF calculator
Free EPF Calculator for Employee Provident Fund maturity & balance. Calculate EPF corpus with employee & employer contributions for retirement.
How the maths works
EPF Maturity Formula
EPF = (Employee Contribution + Employer Contribution) × Compound Interest- Employee Contribution
- 12% of basic salary
- Employer Contribution
- 12% of basic salary (3.67% to EPF)
- Compound Interest
- Annual EPF interest rate compounded
A worked example
EPF Calculation Example
| Basic Salary | ₹50,000 |
| Annual Increment | 8% |
| Years of Service | 30 years |
EPF Corpus: ₹1,89,46,231
How to use it
- Enter your current basic salary
- Input expected annual increment
- Specify years of service
- Current EPF interest rate is applied
- Get total EPF corpus at retirement
What it accounts for
- Calculate EPF maturity amount
- Include both employee and employer contributions
- Factor in annual salary increments
- Understand withdrawal rules
- Plan retirement corpus
Why it is worth working out
- Guaranteed returns with government backing
- Tax benefits on contributions
- Employer matching contribution
- Partial withdrawal facility
Questions people ask
How much goes into EPF each month?
You contribute 12% of basic plus dearness allowance. Your employer matches 12%, but 8.33% of that is diverted to the Employees' Pension Scheme and only 3.67% reaches your EPF balance. So the account grows by about 15.67% of basic, not 24%.
What is the current EPF interest rate?
The rate is declared annually by the EPFO and is currently 8.25%. Interest is calculated monthly on the running balance but credited once at the end of the financial year, which often appears in the passbook months late.
Is EPF withdrawal taxable?
It is tax-free if you have five years of continuous service, counting service with previous employers where the balance was transferred rather than withdrawn. Withdraw before five years and both the accumulation and the interest become taxable, and TDS applies. Transferring on a job change, rather than withdrawing, is almost always the right move.
What is VPF and is it worth it?
Voluntary Provident Fund lets you contribute more than the mandatory 12%, at the same rate of return. It is one of the highest guaranteed returns available to a salaried person. Note that interest on your own contributions above ₹2.5 lakh a year is taxable, which caps how far it is worth pushing.
Read more on this
- VPF: the best fixed-income rate most salaried people never claim — Voluntary Provident Fund pays the EPF rate on money you choose to add. The ₹2.5 lakh taxable-interest threshold is the one line that decides how far to push it.
- Your EPF is probably your largest asset, and you have never looked at it — The employer contribution is not all going where you think, and one decision at every job change quietly costs people lakhs.
This calculator is for information and education. It is not financial advice — see the disclaimer.