EPF Calculator

Project your Employees' Provident Fund corpus at retirement. Enter your Basic + DA and contribution to see your maturity amount, total interest and a full year-by-year growth table.

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Your details

Your age today, in years.

When you plan to withdraw. Usually 58.

Your Basic pay plus Dearness Allowance — the wage EPF is calculated on, not your full CTC.

Statutory minimum 12%. Raise it to model VPF.

What's already in your account today.

Expected yearly growth in Basic + DA.

EPFO rate for FY 2024-25 was 8.25%.

How this works

Your EPF grows from two monthly contributions plus interest that compounds every year until you retire. Here's the model.

1

Two contributions

Each month you put in your chosen % (12% by default) of Basic + DA, and your employer adds 3.67% of the same wage into EPF.

2

Your salary grows

We raise your Basic + DA by your expected increase every year, so later contributions are larger than early ones.

3

Interest compounds

Interest accrues on the monthly running balance and is credited at year-end, then compounds the next year — exactly as the EPFO does.

The contribution split we assume

Where the 24% goes

Employee → EPF12%
Employer → EPF3.67%
Employer → EPS (pension)8.33%

Of the employer's 12%, only 3.67% enters your EPF. The 8.33% EPS share (capped at ₹1,250/month on a ₹15,000 wage) funds a monthly pension and is excluded from this corpus.

How interest is credited

Interest = Σ (monthly balance × rate ÷ 12)

Interest is worked out on your balance each month, added once at the end of the financial year, and then earns interest itself the following year. Your maturity corpus is: opening balance + all contributions + all interest.

Assumptions: your employer's EPF share is a flat 3.67% of Basic + DA (accurate when the wage is at or below the ₹15,000 statutory ceiling; above it, your employer's EPF share may be slightly higher because EPS is capped). The EPS/pension portion is excluded. Basic + DA grows at a steady annual rate and the interest rate is held constant. Real EPFO rates are declared yearly and can change. This is a planning estimate — confirm exact figures on your EPFO passbook.

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Frequently Asked Questions

How is EPF interest actually calculated? ▼
The EPFO calculates interest on your monthly running balance at one-twelfth of the annual rate, but credits it to your account only at the end of each financial year. This tool mirrors that method: each month's contribution earns interest for the remaining months of the year, and the year-end interest is added to your balance so it compounds year after year.
Why is the employer's EPF share only 3.67% and not 12%? ▼
Your employer also contributes 12% of Basic + DA, but of that, 8.33% is diverted to the Employees' Pension Scheme (EPS) and the remaining 3.67% goes into your EPF account. The EPS portion is capped at 8.33% of a ₹15,000 wage (₹1,250 a month) and pays a monthly pension after retirement rather than a lump sum, so this calculator excludes it from the projected EPF corpus.
Is the EPF maturity amount taxable? ▼
EPF enjoys EEE (Exempt-Exempt-Exempt) status — contributions, interest and the final withdrawal are tax-free, provided you complete five years of continuous service. Since Budget 2021, interest on your own contributions above ₹2.5 lakh in a financial year (₹5 lakh where the employer does not contribute) is taxable, which mainly affects very high earners or large VPF investors.
What is VPF and how does it change the maths? ▼
Voluntary Provident Fund (VPF) lets you contribute more than the mandatory 12% of Basic + DA — up to 100%. It earns the same EPF interest rate and qualifies for Section 80C. Increase the "Your EPF contribution %" field above 12 to model VPF. Note that your employer is not obliged to match the extra amount, so their share stays at 3.67%.
What interest rate should I enter? ▼
The EPFO declares the rate each financial year. It was 8.25% for FY 2024-25 and has hovered between 8.1% and 8.65% over the last decade. The tool defaults to 8.25%, but you can lower it for a more conservative projection since future rates are not guaranteed.
Does this include the EPS pension? ▼
No. This calculator projects only the lump-sum EPF corpus (your 12% plus the employer's 3.67%, all growing with interest). The employer's 8.33% EPS contribution funds a separate monthly pension governed by a formula based on your pensionable salary and service, and is not shown here.

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