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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