EPF Calculator

Project your Employees’ Provident Fund corpus at retirement. Account for your salary growth, the EPFO interest rate, and both employee and employer contributions to see how your monthly savings compound into a sizeable retirement fund.

Starting from a basic salary of ₹40,000 a month, your EPF corpus grows to about ₹1.56 Cr by age 58 — ₹49.97 L in contributions plus roughly ₹1.06 Cr of tax-free interest at 8.25%.

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₹5K ₹5L
%
1% 20%
%
1% 12%
%
1% 12%
%
0% 20%
Yr
18 57
Yr
40 60
EPF balance Contribution
₹0₹39.07 L₹78.14 L₹1.17 Cr₹1.56 CrY1Y6Y11Y16Y21Y26Y30

How the EPF Calculator works

Every month, 12% of your basic salary (and dearness allowance) is deducted towards EPF, and your employer adds a matching 12%. Of the employer share, 8.33% is diverted to the Employees’ Pension Scheme and the remaining 3.67% is credited to your EPF account. This calculator compounds the combined balance each year at the EPFO interest rate while growing your salary annually, giving you a realistic estimate of the corpus waiting for you at retirement.

Why EPF is a retirement cornerstone

EPF combines forced monthly savings, an employer match, a competitive guaranteed interest rate, and triple tax exemption (EEE). Few instruments offer that combination. Because contributions rise with your salary and interest compounds tax-free, the corpus can grow into tens of lakhs or more over a full career — making it a low-risk anchor alongside market-linked options like NPS or mutual funds.

Key rules to remember

  • Contributions qualify for deduction under Section 80C (₹1.5 lakh annual ceiling).
  • Interest on employee contributions above ₹2.5 lakh per year is taxable.
  • Withdrawals after 5 years of continuous service are fully tax-exempt.
  • Always transfer (not withdraw) your EPF when changing jobs to preserve compounding.

Frequently asked questions

What is EPF and who is eligible?
The Employees’ Provident Fund (EPF) is a retirement savings scheme run by the EPFO under the EPF & MP Act, 1952. It is mandatory for organisations with 20 or more employees, and any employee earning a basic wage up to ₹15,000 must be enrolled. Those earning more can also contribute voluntarily. Both you and your employer contribute every month, and the balance earns a government-declared interest rate.
How much do the employee and employer contribute?
You contribute 12% of your basic salary plus dearness allowance to EPF. Your employer also contributes 12%, but this is split — 8.33% goes to the Employees’ Pension Scheme (EPS, capped at ₹15,000 of wages) and only the remaining 3.67% lands in your EPF account. This calculator uses the 3.67% EPF portion of the employer share by default.
What is the current EPF interest rate?
The EPFO declared an interest rate of 8.25% for FY 2024-25. The rate is reviewed annually by the Central Board of Trustees and notified by the government. Interest is calculated monthly but credited to your account once a year.
Is EPF tax-free?
EPF enjoys EEE (Exempt-Exempt-Exempt) status — contributions qualify for deduction under Section 80C, the interest is tax-free, and the maturity corpus is exempt if you have completed 5 years of continuous service. Note that interest on employee contributions above ₹2.5 lakh in a year is taxable as per the 2021 budget rule.
Can I withdraw my EPF before retirement?
Partial withdrawals are allowed for specific needs such as buying a home, medical treatment, marriage, or education, subject to conditions. Full withdrawal is permitted after two months of unemployment. Withdrawing before 5 years of service makes the amount taxable, so transferring your balance when you switch jobs is usually the better choice.
What is a UAN and why does it matter?
The Universal Account Number (UAN) is a 12-digit number issued by the EPFO that stays the same throughout your career, no matter how many times you change jobs. It links all your member IDs under one umbrella, so you can check your balance, download your passbook, and transfer your EPF online at the EPFO portal. Always share your existing UAN with a new employer instead of letting them create a fresh one.
What is VPF and should I use it?
The Voluntary Provident Fund (VPF) lets you contribute more than the mandatory 12% of basic — up to 100% of your basic plus DA — into your EPF account, earning the same EPFO interest rate (8.25% for FY 2024-25). The employer is not obliged to match the extra amount. VPF is one of the safest high-yield, debt-style options for salaried employees, but remember that interest on your own contributions above ₹2.5 lakh a year becomes taxable.
EPF vs PPF — which is better?
EPF is only for salaried employees with an employer co-contribution and currently pays 8.25%, while PPF is open to anyone, has a 15-year lock-in, a ₹1.5 lakh annual cap, and pays around 7.1%. Both enjoy EEE tax status. If you are salaried, prioritise EPF (and VPF) for the higher rate and employer match; use PPF as an additional, flexible tax-free bucket, especially if you are self-employed.
What happens to my EPF if I switch jobs?
Your EPF does not lapse when you change jobs — using the same UAN, you should transfer the balance online to your new employer through the EPFO member portal. Avoid withdrawing it, because closing the account before 5 years of continuous service makes the withdrawal taxable and breaks your compounding. An inactive account still earns interest for a period, but transferring keeps everything in one place.

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The results shown are estimates for illustration only, based on the inputs and assumptions you provide. Actual returns, interest, and tax depend on market conditions, prevailing rates, and applicable laws, which change over time. This is not investment, tax, or financial advice — please consult a qualified advisor before making decisions.

EPF corpus
₹1,56,27,146
Interest earned
₹1.06 Cr