EPF / PF Calculator
Calculate your Employee Provident Fund (EPF) monthly contributions, employer share, and projected maturity amount. Based on current 8.25% interest rate. For Indian employees.
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Enter your salary details
Based on 8.25% EPF interest rate (FY 2023-24).
Use Basic Salary + Dearness Allowance only, not total CTC.
Statutory minimum is 12%. You can contribute more via VPF (Voluntary PF) — same interest, same tax benefits.
Employer's full 12% is split: 3.67% to EPF, 8.33% to EPS. If basic > Rs.15,000 the full 12% may go to EPF — adjust accordingly.
Current rate: 8.25% (FY 2023-24). Adjust if the government revises it.
Standard retirement age is 58. Change if your company has a different policy.
Your current EPF account balance — check via EPFO portal or UMANG app. Leave 0 if starting fresh.
EPF projection at retirement
Enter your basic salary and current age.
EPF / PF questions answered
Employee Provident Fund (EPF) is a retirement savings scheme for Indian employees. Both employee and employer contribute 12% of basic salary + DA each month. The corpus grows at a government-declared interest rate (currently 8.25% per annum) and is paid out at retirement, resignation, or death.
The employee contributes 12% of (basic salary + DA). The employer also contributes 12%, but it is split: 3.67% goes to EPF, 8.33% goes to Employee Pension Scheme (EPS). So your EPF account grows with 15.67% (12% + 3.67%) of basic+DA each month.
The EPF interest rate for FY 2023-24 is 8.25% per annum, as declared by the EPFO (Employees Provident Fund Organisation). The interest is calculated monthly but credited to the account annually.
Full withdrawal is allowed at retirement (age 58), or after unemployment for 2+ months. Partial withdrawal is allowed for specific purposes: medical emergency, house purchase, marriage, education, and home loan repayment.
Employee Pension Scheme (EPS) receives 8.33% of basic salary (capped at INR 15,000 basic), so the maximum EPS contribution is INR 1,250/month from the employer. EPS provides a monthly pension after retirement but does not earn interest separately.
Yes. Voluntary Provident Fund (VPF) allows you to contribute more than 12% — up to 100% of basic+DA. VPF gets the same 8.25% interest and the same tax benefits.
EPF interest is tax-free for contributions up to INR 2.5 lakh per year (INR 5 lakh for employees without employer contribution). Interest on contributions above this threshold is taxable from FY 2021-22 onwards.
Check your balance through the EPFO member portal (passbook.epfindia.gov.in), the UMANG app, SMS to 7738299899, or missed call to 011-22901406 from your registered mobile number.