EPF Calculator
Estimate your Employees' Provident Fund balance at retirement from salary, contributions and the EPF interest rate.
About the EPF Calculator
You contribute 12% of basic pay plus dearness allowance; your employer contributes 12% too, of which 8.33% of wages up to ₹15,000 (₹1,250 a month) goes to the Employees' Pension Scheme and the rest to EPF. Interest is calculated monthly on the running balance and credited yearly; the rate for FY 2025-26 is 8.25%.
The formula
Monthly: +12% (you) + (12% − EPS share) (employer); interest = Σ monthly balance × rate ÷ 12
Worked example
Example: EPF balance at 58 = ₹3,10,54,617
- Inputs: Current age: 31 years; Retirement age: 58 years; Monthly basic + DA: 44,000 ₹; Yearly salary increase: 8%; Current EPF balance: 2,20,000 ₹; EPF interest rate: 9.1%.
- Formula: Monthly: +12% (you) + (12% − EPS share) (employer); interest = Σ monthly balance × rate ÷ 12
- Result: EPF balance at 58 = ₹3,10,54,617
Things to keep in mind
- Interest on employee contributions above ₹2.5 lakh a year is taxable.
Questions people ask
Is EPF tax-free?
Withdrawals after 5 years of continuous service are tax-free, under the EEE regime.
What's VPF?
Voluntary contributions above 12%, earning the same rate.