EPF Calculator
Key takeaways
- Contributions start at ₹6,000 a month — your 12% of basic plus an equal employer share — and total ₹42.05 L by 58.
- Interest credited once a year grows that into a ₹1.22 Cr corpus — ₹80.24 L (65.62%) is interest, not contributions.
- With a flat basic instead of the 5% yearly rise, the corpus would be ₹74.80 L — ₹47.49 L less.
Yearly schedule
| Year | Contributed | Interest | Balance |
|---|---|---|---|
| 1 | ₹72,000 | ₹3,218 | ₹75,218 |
| 2 | ₹75,600 | ₹9,584 | ₹1.60 L |
| 3 | ₹79,380 | ₹16,780 | ₹2.57 L |
| 4 | ₹83,349 | ₹24,891 | ₹3.65 L |
| 5 | ₹87,516 | ₹34,007 | ₹4.86 L |
| 6 | ₹91,892 | ₹44,228 | ₹6.22 L |
About the EPF Calculator
The Employees' Provident Fund (EPF) is a retirement savings scheme for salaried employees. You and your employer each contribute 12% of your basic salary (plus DA) every month, and the balance earns interest set by the government each year.
This calculator projects your EPF corpus at retirement from the balance you have today, assuming your salary — and so your contribution — grows each year, with interest worked out monthly on the running balance and credited once a year, the way EPFO does it. It is a simplified estimate that does not separate the pension (EPS) portion, which fits a member who joined on or after 1 September 2014 on basic wages above the ₹15,000 ceiling of the time (outside EPS). For EPS members, 8.33% of wages up to the ceiling (₹25,000 a month since 17 September 2026) goes to the pension scheme instead.
Frequently asked questions
How much do I and my employer contribute to EPF?
Both contribute 12% of your basic salary plus dearness allowance. Your full 12% goes to EPF; part of the employer's share is diverted to the Employees' Pension Scheme (EPS), which this simplified calculator does not split out.
What is the current EPF interest rate?
The rate is announced by the EPFO each financial year and has been around 8.25% recently. It is credited annually to your balance — check the latest declared rate, as it changes.
Is EPF tax-free?
EPF has EEE status — contributions qualify under Section 80C, and the interest and maturity are tax-free if you stay invested for five continuous years. Interest on your own contributions above ₹2.5 lakh in a year is taxable.
Can I withdraw EPF before retirement?
Full withdrawal is allowed at retirement or after a set period of unemployment; partial withdrawals are permitted for specific needs like a house, medical treatment, education or marriage, subject to conditions.
What is the difference between EPF, VPF and PPF?
EPF is the mandatory employer-employee scheme; VPF lets you voluntarily contribute extra to your EPF at the same rate; PPF is a separate public scheme anyone can open. All three are long-term and tax-favoured.
Disclaimer: This calculator is for information and education only. It is not investment advice and not a recommendation. Interest rates on deposits and savings schemes are set by the bank or the Government and can change; where the calculator takes a rate, the figures hold it for the whole term. Tax on the interest, penalties and early-withdrawal rules are included only where the calculator shows them. The EPF interest rate for each year is recommended by EPFO’s Central Board of Trustees and approved by the Central Government. Every figure is computed solely by applying the formula and assumptions stated on this page to the inputs you entered.