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EPF Calculator

Calculate your Employee Provident Fund maturity amount

PF Contribution Details

Fixed at 12% as per EPF regulations

3.67% goes to EPF, 8.33% goes to EPS

Current EPF interest rate: 8.25% p.a. (FY 2023-24)

Expected annual increase in salary

Total EPF Balance

₹11,910,788

At retirement

Total Employee Contribution

₹3,643,145

Total Employer Contribution

₹1,114,195

Total Interest Earned

₹7,153,448

Balance Breakdown

Employee
30.6%
Employer
9.4%
Interest
60.1%

About EPF Calculator

The Employees' Provident Fund (EPF) is a retirement benefits scheme managed by the Employees' Provident Fund Organisation (EPFO) for employees in India. Our EPF calculator helps you estimate your EPF corpus at retirement.

How EPF Works

  • Employee Contribution: 12% of (Basic Salary + DA) goes to EPF
  • Employer Contribution: 12% of (Basic Salary + DA) split as:
    • 3.67% goes to EPF
    • 8.33% goes to Employee Pension Scheme (EPS)
  • Interest Rate: Government declares EPF interest rate annually (currently 8.25% for FY 2023-24)
  • Tax Benefits: Contributions eligible for tax deduction under Section 80C

Key Features of EPF

  • Mandatory: Applicable to organizations with 20+ employees
  • Universal Account Number (UAN): Portable across jobs
  • Tax-Free Withdrawals: After 5 years of continuous service
  • Partial Withdrawals: Allowed for specific purposes (housing, medical emergency, education)
  • Pension Benefit: Monthly pension under EPS after retirement

Withdrawal Rules

  • Full withdrawal allowed after 2 months of unemployment
  • Partial withdrawal (up to 75%) allowed after 1 month of unemployment
  • No tax if withdrawn after 5 years of continuous service
  • TDS applicable on premature withdrawals (before 5 years)

Disclaimer: The calculations provided are estimates based on current EPF regulations and interest rates. Actual EPF balance may vary based on changes in salary, interest rates, and government policies. Please consult EPFO or a financial advisor for accurate information.