EPF Calculator
Calculate your Employee Provident Fund corpus at retirement, including employee and employer contributions with compounded interest.
Educational Purpose Only: This calculator provides estimates for informational purposes. Employer EPF contribution is calculated at 3.67% of basic (capped at ₹15,000). Actual contributions may vary.
How it works
Every month, both you and your employer contribute to your EPF account. The employee contributes 12% of basic salary, while the employer contributes 12% of basic — but 8.33% of this goes to the Employee Pension Scheme (EPS, capped at ₹1,250/month), and only 3.67% (on basic up to ₹15,000) goes into the EPF. The accumulated balance earns interest at the EPF rate, compounded annually. This calculator iterates year by year with salary growth to project your final corpus.
EPF contribution breakdown
| Component | Rate | Where it goes |
|---|---|---|
| Employee | 12% of basic | 100% to EPF |
| Employer — EPF | 3.67% of basic (capped at ₹15,000) | EPF account |
| Employer — EPS | 8.33% of basic (max ₹1,250/month) | Employee Pension Scheme (not EPF) |
Tax benefits of EPF
EPF contributions by the employee are eligible for deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per year. The interest earned and the maturity amount on withdrawal are tax-free, provided the employee has completed at least 5 continuous years of service. EPF qualifies under the Exempt-Exempt-Exempt (EEE) tax category.
This calculator uses simplified assumptions about contribution rates and salary growth. Actual EPF balances depend on your exact employer contributions, withdrawal history, and EPFO interest rate notifications. Consult your HR or a financial advisor for exact figures.