Calculate your Employee Provident Fund (EPF) maturity amount, total interest earned, and retirement corpus online instantly.
Plan your retirement savings with our free online EPF Calculator. In India, the Employees' Provident Fund (EPF) is a government-backed retirement saving scheme mandatory for salaried employees. Both the employee and the employer contribute a fixed percentage (12%) of the basic salary plus dearness allowance monthly.
The calculator tracks month-on-month contributions, applies the current EPFO interest rate (8.25%), and estimates your total maturity corpus at retirement.
| Contribution Component | Employee Share (%) | Employer Share (%) | Maturity details |
|---|---|---|---|
| EPF Account | 12.0% | 3.67% | Earns monthly compound interest |
| EPS (Pension Scheme) | 0% | 8.33% (up to ₹1,250) | Goes to pension corpus, no direct interest |
| EDLI (Insurance) | 0% | 0.5% | Employee deposit-linked insurance |
| PF Interest Rate | 8.25% (FY 2023-24) | 8.25% | Reviewed annually by EPFO |
The employee contributes 12% of basic salary directly to EPF. The employer also contributes 12%, which is split: 3.67% to EPF, 8.33% to Employees' Pension Scheme (EPS), and 0.5% to EDLI insurance.
The EPFO interest rate is reviewed annually. For FY 2023-24, the rate was set at 8.25% per annum.
Although interest is compounded annually, the interest is calculated month-on-month based on the running monthly balance in your EPF account.
Interest on employee contributions up to ₹2.5 Lakhs per financial year is tax-free. Interest on contributions exceeding ₹2.5 Lakhs is taxable under 'Income from Other Sources'.
EPF registration is mandatory for organizations employing 20 or more people, for employees earning up to ₹15,000 basic salary per month.
Yes, you can contribute more than 12% voluntarily under the Voluntary Provident Fund (VPF). However, the employer is not obligated to match the VPF contribution.
EPS (Employees' Pension Scheme) receives 8.33% of the employer's share. It provides a monthly pension to the employee after retirement at age 58, provided they completed 10 years of service.
Yes. EPFO allows partial withdrawals (advances) for specific reasons like medical emergencies, marriage, education, home buying, or after 2 months of unemployment.
You can check your balance using the EPFO Member Passbook portal, via SMS, UMANG App, or by giving a missed call from your registered number.
You can easily transfer your EPF account balance to your new employer online using your Universal Account Number (UAN).