An EPF (Employee Provident Fund) calculator computes the total corpus accumulated through mandatory employee and employer contributions over a working career.
About this calculator
An EPF (Employee Provident Fund) calculator computes the total corpus accumulated through mandatory employee and employer contributions over a working career. Both you and your employer contribute a percentage of your basic salary to EPF every month.
EPF is currently earning 8.25% interest (revised annually) and is a reliable retirement savings instrument for salaried employees in India.
Common uses
- Estimate EPF corpus at retirement based on current salary
- See the impact of salary increments on EPF accumulation
- Compare EPF returns with other retirement instruments
- Calculate how employer contributions accelerate EPF growth
Frequently asked questions
How is EPF contribution calculated?
Employee contribution is 12% of basic salary + DA. Employer also contributes 12%, but 8.33% goes to EPS (Employee Pension Scheme, capped at ₹1,250) and only 3.67% goes to the EPF account. The total EPF balance grows at the interest rate declared by the EPFO annually.
When can I withdraw EPF?
Full EPF withdrawal is allowed at retirement (age 58), or 2 months after leaving employment if you remain unemployed. Partial withdrawals are allowed after 5 years of membership for specific purposes like medical treatment, home purchase, or education.
Is EPF interest taxable?
EPF interest is tax-free if employee contribution is up to ₹2.5 lakh per year. For contributions above ₹2.5 lakh per year (applicable to high earners), interest on the excess amount is taxable from FY 2021-22 onwards.