EPF Calculator

Monthly Basic Salary + DA ₹

Current Age Years

Retirement Age Years

Expected Interest Rate % p.a.

Contributions breakdown
                            Employee (12%)
                            ₹6,000
                        
                            Employer to EPF (3.67%)
                            ₹1,835
                        
                            Employer to EPS (8.33%)
                            ₹4,165

Estimated EPF Corpus at Retirement

₹1,56,43,210

Total Contributions ₹31,02,000

Total Interest Earned ₹1,25,41,210

Add NPS for Extra Corpus

Corpus Accumulation

Contributions

Interest

Understanding EPF Contributions

Employee Provident Fund (EPF) is a social security scheme that helps employees save a portion of their salary for retirement. Both the employee and the employer contribute a fixed percentage of the employee's basic salary plus dearness allowance (DA).

Breakdown of Contributions

Employee Contribution: Fixed at 12% of Basic + DA. This entire amount goes to the EPF account.
Employer Contribution: Total of 12%. However, this is split:
- 3.67% goes to the Employee Provident Fund (EPF).
- 8.33% goes to the Employee Pension Scheme (EPS), capped at a salary of ₹15,000 for many organizations.

Important Note on Salary Cap

While many companies calculate EPS on actual basic salary, the statutory cap for EPS contribution is ₹1,250 per month (8.33% of ₹15,000). This calculator assumes EPS is calculated on the full salary for a more optimistic projection, although actual results may vary based on company policy.

FAQs

Can I withdraw my EPF before retirement?

You can withdraw EPF partially for reasons like higher education, marriage, illness, or house purchase after a certain period of service. Full withdrawal is allowed if you are unemployed for more than 2 months.

Is EPF interest taxable?

Interest earned on EPF is tax-free if the employee's contribution is up to ₹2.5 Lakh per year. If it exceeds this limit, the interest on the excess contribution is taxable as per your income tax slab.