EPF Calculator
Calculate EPF corpus at retirement with year-wise breakdown
EPF Details
Leave 0 if starting fresh.
Enter EPF details and click Calculate
Total EPF Corpus at Retirement
—
Employee Contribution
—
Employer Contribution
—
Interest Earned
—
Year-wise Breakdown
| Year | Opening | Emp. Contrib. | Er. Contrib. | Interest | Closing |
|---|
How to Use
- Enter your Basic + DA Salary per month (EPF is calculated on this, not on gross salary).
- Optionally enter your Current EPF Balance if you have an existing account.
- Enter your Current Age and Retirement Age (default 58 — statutory EPF retirement age).
- Set Annual Salary Increment (%) and EPF Interest Rate (default 8.25% — current EPFO rate).
- Click Calculate to see total EPF corpus and year-wise breakdown.
How EPF Works
Every salaried employee earning up to ₹15,000/month basic salary must contribute to EPF. Employees earning more can opt in voluntarily. Both employee and employer contribute 12% of Basic + DA each month.
Contribution Breakdown
| Contribution | Percentage | Goes To |
|---|---|---|
| Employee | 12% of Basic+DA | 100% to EPF |
| Employer (EPF portion) | 3.67% of Basic+DA | EPF account |
| Employer (EPS portion) | 8.33% of Basic+DA (max ₹1,250/month) | Employee Pension Scheme |
| Admin charges | 0.5% (employer pays) | EPFO admin |
EPF Interest Rate History
| Year | Interest Rate |
|---|---|
| 2023-24 | 8.25% |
| 2022-23 | 8.15% |
| 2021-22 | 8.10% |
| 2020-21 | 8.50% |
| 2019-20 | 8.50% |
Tax Treatment
- Contributions: Employee contribution is deductible under Section 80C (within ₹1.5L limit).
- Interest: Tax-free up to ₹2.5L annual contribution (₹5L if no employer contribution). Interest on excess contribution is taxable from FY 2021-22.
- Withdrawal: Tax-free after 5 years of continuous service. Premature withdrawal within 5 years attracts TDS at 10% (30% without PAN).
Frequently Asked Questions
Both EPF and EPS are funded from the employer's 12% contribution. EPF (Employee Provident Fund): your retirement savings account that earns interest (8.25% currently). EPS (Employee Pension Scheme): pension fund — 8.33% of employer contribution (up to ₹1,250/month) goes here. EPF is refundable with interest at retirement; EPS provides a monthly pension (minimum ₹1,000/month) after 10 years of service.
Partial withdrawals are allowed for: medical treatment (up to 6× monthly salary), home purchase or renovation (up to 36× salary after 5 years), education/wedding (after 7 years), and natural calamity. Full withdrawal is allowed after 2 months of unemployment. Note: withdrawal within 5 years of continuous service attracts TDS and the amount becomes taxable income.
Options: (1) EPFO member portal (passbook.epfindia.gov.in) with UAN and password. (2) UMANG app — most convenient for smartphones. (3) SMS: Send EPFOHO UAN to 7738299899. (4) Missed call: give a missed call to 011-22901406 from your registered mobile. (5) Visit EPFO regional office. Ensure your UAN is linked to Aadhaar and bank account for smooth claim processing.
VPF allows you to contribute more than the mandatory 12% to your EPF account — up to 100% of Basic+DA. Advantages: same interest rate as EPF (8.25%), fully tax-exempt at maturity (unlike FD interest), 80C deduction, government-backed security. Disadvantage: money is locked till retirement (partial withdrawals have restrictions). VPF is excellent for conservative investors in high tax brackets — effectively an 8.25% tax-free return.