EPF Calculator
Project your Employees' Provident Fund retirement corpus with employee 12% and employer 3.67% contributions at 8.25% interest.
Built & reviewed by Ankit Madia, Founder & Markets Trader
What is EPF (Employees' Provident Fund)?
EPF is the retirement savings scheme every salaried employee in India knows, run by the EPFO. A slice of your salary goes into it each month, your employer matches it, and the pooled money keeps earning interest that compounds over your working life. By the time you retire, even modest monthly contributions can add up to a sizable corpus, purely because of decades of compounding.
How the 12% and 3.67% split works
Both you and your employer put in 12% of your basic salary plus dearness allowance (DA). The catch is on the employer side. Their 12% is not fully credited to your EPF account:
- Employee share: 12% of (basic + DA) goes straight to EPF
- Employer share: 8.33% of (basic + DA) is diverted to the EPS (Employees' Pension Scheme, EPS-95)
- Employer share: only the remaining 3.67% of (basic + DA) actually lands in your EPF corpus
So the amount growing in your EPF account every month is 12% plus 3.67%, which comes to 15.67% of your basic plus DA. This calculator adds exactly that 15.67% each month, applies your yearly salary hike, and compounds the balance at the interest rate you choose.
Current EPF interest rate
The EPF interest rate for FY 2024-25 is 8.25% per annum. It is decided each year by the Central Board of Trustees and notified after the government signs off. Interest is worked out on your monthly running balance and credited once a year, which is why starting early makes such a big difference to the final number.
EPF tax benefits (EEE)
EPF carries EEE (Exempt-Exempt-Exempt) status. Your own contribution is eligible for deduction under Section 80C, the interest earned is tax-free, and the maturity amount is tax-free once you complete 5 years of continuous service. One thing to keep in mind: interest on employee contributions above ₹2.5 lakh in a financial year is taxable, so high earners may see a small part of the interest taxed.
A note on this calculator's assumptions
To keep things simple and easy to follow, this calculator adds a flat 3.67% of your basic plus DA as the employer's EPF share, without applying the EPS wage ceiling. In reality the EPS contribution is capped (the pensionable wage is usually limited to ₹15,000, so EPS is roughly ₹1,250 a month and any excess flows back into EPF). Because of that cap, your actual EPF corpus can be a little higher than what this tool shows, especially at higher salaries. Treat the result as a solid ballpark for retirement planning, not a rupee-perfect figure. Your actual passbook balance on the EPFO portal is always the final word.