EPF Calculator
Estimate your Employee Provident Fund corpus at retirement. See year-by-year balance growth with employee + employer contributions at 8.25% interest (FY 2025-26).
EPF Details
EPF matures at 58
EPFO rate for FY 2025-26: 8.25% p.a.
Members who joined after 1 Sep 2014 with wages above the then ceiling are usually not in EPS
EPF corpus at retirement
- You put in
- Employer put in
- Interest
EPF Growth Over Time
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Year-by-Year EPF Breakdown
| Year | Monthly Basic | Employee (12%) | Employer → EPF | Interest | Closing Balance |
|---|
EPF interest is calculated each month on the opening balance and credited once a year, at the end of the financial year. For EPS members, the employer's 12% is split: 8.33% of wages up to ₹25,000 (the EPFO wage ceiling from 17 Sep 2026; ₹15,000 before) goes to EPS, a maximum of about ₹2,083/month, and the rest goes to your EPF account. This calculator shows EPF account contributions only.
What is an EPF Calculator?
An EPF (Employee Provident Fund) calculator estimates your PF corpus at retirement by projecting monthly contributions from both you and your employer, at the EPFO interest rate of 8.25% p.a. for FY 2025-26 (recommended by the CBT on 2 Mar 2026 and ratified by the Finance Ministry in June 2026). Unlike PPF, which is a voluntary savings scheme, EPF is mandatory for new joiners with wages up to ₹25,000/month (the wage ceiling from 17 Sep 2026) in covered establishments. It now runs under the Code on Social Security, 2020 and the EPF Scheme, which replaced the EPF & MP Act, 1952.
Both employee and employer contribute 12% of Basic + DA each month. The employee's 12% goes entirely to the EPF account. For EPS members, the employer's 12% is split: 8.33% of wages up to ₹25,000 goes to EPS (Employee Pension Scheme) and the rest goes to the EPF account. That rest is 3.67% only when your basic is at or below the ceiling; above it, the EPF share is higher. This calculator models both contributions to your EPF account, factoring in annual salary hikes and interest credited once a year.
For many salaried Indians, EPF ends up as the single largest retirement asset, so it is worth knowing roughly what yours will be. Over a 30-year career it can grow into a large sum; the calculator above shows the figure for your own salary and hikes.
Worked example: EPF on a ₹40,000 basic salary
Illustrative, using the calculator's defaults: Basic + DA of ₹40,000 a month, age 28, retirement at 58, the FY 2025-26 rate of 8.25% held for all 30 years, a 5% yearly salary hike, no existing balance, and EPS membership on.
Your own 12% adds up to about ₹38.3 lakh and the employer's EPF share to about ₹30.8 lakh. Interest does most of the work: about ₹1.38 crore of it, for a corpus of about ₹2.07 crore at 58.
Set EPS to "No" and the corpus rises to about ₹2.38 crore, because the ₹2,083 a month that went to the pension scheme now stays in EPF. That gap is what the EPS pension costs you, so check which group you are in before comparing EPF with other retirement savings. EPFO declares the rate every year, so the real figure will move with it.
How to Use This EPF Calculator
- 1
Enter your monthly Basic + DA
This is your Basic Salary + Dearness Allowance. EPF contribution is calculated as 12% of this amount. Check your payslip for the exact figure; it's usually 40-50% of your CTC.
- 2
Set your current and retirement age
EPF is typically settled at 58. The calculator projects your corpus from now until retirement, showing how many years of contributions remain.
- 3
Adjust interest rate and salary hike
The default 8.25% is the EPFO rate for FY 2025-26; the rate is declared every year. Add your expected annual salary hike (5-10% is typical) to see how growing contributions accelerate corpus growth.
- 4
Add existing EPF balance (optional)
If you already have an EPF balance from previous employment, add it here. It will be included in the corpus projection and earns interest from the first year.
EPF vs PPF: Key Differences
EPF: Employer + Employee
Mandatory for new joiners earning up to ₹25,000/month in covered establishments; many higher earners stay in voluntarily. Both you and your employer contribute 12% of basic. Interest rate: 8.25% (set by EPFO annually). Your money grows faster because the employer adds to it, though for EPS members part of the employer's 12% goes to the pension scheme instead.
PPF: Self-Funded
Voluntary savings anyone can open. Only your own contributions (max ₹1.5 lakh/year). Interest rate: 7.1% (set by government quarterly). 15-year lock-in with EEE tax status.
Higher Returns
EPF earns 8.25% vs PPF's 7.1%, and over 30 years that 1.15% gap adds up to a noticeably bigger corpus. EPF also gets an employer contribution on top of yours (less the EPS share, if you're an EPS member).
Withdrawal Rules
Under the EPFO board's Oct 2025 changes, EPF partial withdrawals fall into three categories (essential needs, housing, special circumstances). All need just 12 months of service, and 25% of the balance must stay in the account. Full settlement is allowed after 12 months of unemployment (36 months for the pension part), or at retirement at 58. PPF has stricter lock-in rules.
EPF Tax Rules
- Section 123 Deduction (old 80C): employee EPF contribution (up to ₹1.5 lakh combined with other section 123 / Schedule XV investments) is deductible under the old tax regime only.
- Interest Taxation: EPF interest on contributions up to ₹2.5 lakh per year is tax-free. Interest on contributions exceeding ₹2.5 lakh has been taxable at your slab rate since FY 2021-22; check how the Income-tax Act, 2025 carries this forward for your case.
- Withdrawal Tax: EPF withdrawal after 5 years of continuous service is fully tax-free. Withdrawal before 5 years is taxable and attracts TDS on the taxable amount (employer contribution and interest).
- Transfer: always transfer your EPF when changing jobs (via UAN portal) rather than withdrawing. This preserves the 5-year continuity and avoids tax.
