EPF Calculator (Provident Fund)
Employee Provident Fund is the cornerstone of retirement planning for salaried individuals in India. Plan your future corpus today.
EPF Retirement
₹1,68,37,077
Employer contributes 12%. Out of this, 3.67% goes to EPF and 8.33% goes to EPS (Pension Scheme).
Interest rate is fixed at 8.25% for 2025-26. Actual results may vary if Govt changes rates or your salary structure changes.
How EPF Works in India
EPF is a mandatory savings scheme for organizations with 20 or more employees. Both you and your employer contribute a portion of your salary to the EPFO, which then earns a fixed annual interest.
Compounding Power
Interest is calculated monthly but credited annually, creating massive long-term growth.
Pension Benefit
A portion of your employer's contribution builds your pension (EPS) for life after 58.
Tax Exemption
Contributions are deductible under 80C, and the final maturity amount is tax-free after 5 years.
Key Components of EPF
- Employee Contribution: Exactly 12% of your Basic + DA.
- Employer Contribution: 12% in total (3.67% to EPF + 8.33% to EPS).
- Current Rate: 8.25% for the latest financial cycle.
- EDLI: Employer also contributes 0.5% towards life insurance for the employee.
Frequently Asked Questions
What is the current interest rate for EPF?
The EPF interest rate for the financial year 2024-25 is 8.25%. This rate is declared by the EPFO (Employees' Provident Fund Organisation) annually.
How is the EPF contribution split?
The employee contributes 12% of basic salary + DA. The employer also contributes 12%, but it is split: 3.67% goes to the EPF account, and 8.33% goes to the EPS (Employee Pension Scheme).
Is there a limit on basic salary for EPF?
For mandatory EPF contribution, the wage ceiling is currently ₹15,000. However, most organizations allow contributions on full basic salary.
When can I withdraw my EPF balance?
You can withdraw your full EPF balance upon retirement (age 58) or if you remain unemployed for more than 2 months. Partial withdrawals are allowed for specific reasons like marriage, home purchase, or medical emergencies.
Is EPF withdrawal taxable?
EPF withdrawals are tax-free if you have completed 5 years of continuous service. If withdrawn before 5 years, it is taxable as per your income tax slab.