🏦 EPF Calculator
Estimate your Employee Provident Fund maturity corpus at retirement.
Frequently Asked Questions
How do I use the EPF Calculator?
Enter your Current Basic Salary + DA, Current Age, and Retirement Age, then set your Employee and Employer Contribution percentages, the EPF Interest Rate, expected Annual Salary Increment, and any Existing EPF Balance. Click "Calculate EPF" to see your projected maturity corpus, total contributions, total interest, and a year-by-year growth chart.
What is the current EPF interest rate?
EPFO (Employees' Provident Fund Organisation) declares an interest rate each financial year. At the time of writing it is 8.25% per annum. This calculator defaults to 8.25% but you can change it to model different scenarios for future years.
How much do I and my employer contribute to EPF?
Typically, both you and your employer contribute 12% of your basic salary + dearness allowance. However, of the employer's 12%, 8.33% usually goes to the Employees' Pension Scheme (EPS) and only 3.67% goes into your EPF account. This calculator uses 12% (employee) + 3.67% (employer) by default, but you can adjust both if your payslip shows different figures.
Why does the calculator ask for my annual salary increment?
Your EPF contribution is a percentage of your basic salary, which usually increases every year with appraisals and increments. Modelling a realistic annual increment (e.g. 5–10%) gives a far more accurate maturity estimate than assuming a flat salary for your entire career.
Is the EPF maturity amount taxable?
EPF withdrawals after 5 years of continuous service are generally tax-free, including the accumulated interest. Withdrawals before 5 years of service may attract TDS and tax implications. EPF contributions also qualify for deduction under Section 80C, subject to overall limits.
How does EPF differ from PPF?
EPF (Employee Provident Fund) is mandatory for salaried employees in eligible organisations, with contributions from both employee and employer, managed by EPFO. PPF (Public Provident Fund) is a voluntary scheme open to anyone, with self-funded contributions up to ₹1.5L/year. See our PPF Calculator to estimate PPF maturity separately.
Why does only 3.67% of the employer's 12% go into my EPF account?
Of the employer's 12% contribution, 8.33% (subject to a wage ceiling) is diverted to the Employees' Pension Scheme (EPS), which funds a separate monthly pension payable after retirement — it does not accumulate as interest-earning EPF balance and is not included in this calculator's maturity projection. Only the remaining 3.67% adds to your EPF corpus, alongside your full 12% employee contribution.
Why does the calculator apply interest to the balance including the year's contributions?
Each year, this calculator adds the full yearly contribution to the balance and then applies the annual EPF interest rate to that combined total. In reality, EPFO computes interest monthly on the running balance and credits it at year-end, so contributions made earlier in the year earn more interest than this simplified annual model assumes — meaning your actual balance could be marginally higher than this projection.