EPF Calculator
Provident fund balance at retirement. Project your Employees' Provident Fund balance at retirement, including employer contributions and salary growth.
About the EPF Calculator
The Employees' Provident Fund takes 12% of your basic salary plus dearness allowance, and your employer matches it. Part of the employer share is diverted to the pension scheme, so the amount actually credited to your EPF account is smaller than the full match. This calculator compounds both contributions annually while growing your salary by the increment you expect.
How the EPF balance builds
Employee 12% of basic + DA, employer 3.67% to EPF and 8.33% to EPS, compounded annually
- Employee share
- 12% of basic plus dearness allowance
- Employer share
- 12% total, of which 8.33% goes to the pension scheme
- Interest
- Declared annually by EPFO and credited on the running balance
The 8.33% employer share directed to EPS is subject to a statutory wage ceiling, so higher earners see more of the employer share credited to EPF.
Using this calculator
- Enter your monthly basic salary plus dearness allowance.
- Set your current age and planned retirement age.
- Adjust the EPF interest rate and expected annual increment.
- Read the projected corpus and the interest share.
EPF Calculator FAQs
How much is contributed to EPF each month?
You contribute 12% of basic salary plus dearness allowance, and your employer contributes another 12%. Of the employer share, 8.33% goes to the Employees' Pension Scheme and only 3.67% is credited to your EPF balance.
What is the current EPF interest rate?
EPFO declares the rate each financial year, and it has hovered in the 8-8.5% range in recent years. Interest is credited annually on the running monthly balance, so it is not fixed for the life of the account.
Is EPF withdrawal taxable?
Withdrawals are tax free if you have completed five years of continuous service. Withdrawing earlier makes the amount taxable, and TDS may apply. Transferring the balance when changing jobs preserves continuity of service.
Can I contribute more than 12% to EPF?
Yes, through the Voluntary Provident Fund, where you can contribute up to 100% of basic plus DA. It earns the same rate as EPF, though your employer is not obliged to match the additional amount.
What happens to EPF when I change jobs?
Your Universal Account Number stays the same, and you should transfer the balance to the new employer rather than withdrawing. Transferring keeps the service period continuous, which protects the tax exemption on eventual withdrawal.
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Important: this calculator provides general information and arithmetic only. It is not personal financial, tax or investment advice. Projected returns are illustrations based on the rate you enter, not guarantees, and market-linked investments can fall in value. Verify current tax rates and scheme terms before acting, and consult a qualified adviser where the decision matters.