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EPF Calculator
An EPF calculator projects the balance in your Employees' Provident Fund account. Enter your basic salary + DA and years of service to see your final PF balance, how it splits between your money, your employer's money and interest — and how much quietly goes to your pension instead.
| Your EPF balance at the end | |
| Your total contribution (employee share) | |
| Employer's EPF contribution | |
| Interest earned | |
| Employer's pension (EPS) contributions — not part of the PF balance | |
| Monthly split on your starting salary |
Year-by-year growth
| Year | Monthly basic + DA | Contributions in year | Interest in year | Balance |
|---|
Contributions vs interest
How much of the balance is money put in, and how much is interest.
How to use this EPF calculator
- Enter your monthly basic salary plus dearness allowance (DA) — PF is calculated on basic + DA, not on your full CTC.
- Enter the yearly increment you expect, the EPF interest rate (pre-filled at the declared 8.25%), and your years of service.
- Choose the contribution basis your employer uses: 12% of full basic + DA, or 12% capped at the ₹15,000 wage ceiling.
- Add any EPF balance you already have, so the projection starts from today.
- Read the final balance and the split between your money, your employer's money and interest.
How EPF contributions and interest work
Under the Employees' Provident Fund (EPF), you contribute 12% of your basic salary + DA every month, and your employer matches it with another 12%. But the employer's 12% is split: 8.33% of wages goes to the Employees' Pension Scheme (EPS), and only the remainder reaches your PF account. The EPS part is calculated on wages capped at ₹15,000 a month, so the EPS contribution can never exceed about ₹1,250 a month.
Interest is credited by the EPFO every year at the declared rate (8.25% for 2024–25), calculated on the monthly running balance — each month's balance earns one month of interest, and the year's interest is added to the account at year end. This calculator follows exactly that method: contributions are added monthly, interest is worked out on the monthly balances, and salary increments apply at the start of each new year.
Worked example
Take a monthly basic + DA of ₹30,000, with 5% yearly increments, interest at 8.25%, contributions on the full basic, and no existing balance. The monthly split in the first year is:
- Your contribution: 12% of ₹30,000 = ₹3,600 a month
- Employer's EPS (pension): 8.33% of the ₹15,000 ceiling = ₹1,250 a month
- Employer's PF contribution: ₹3,600 − ₹1,250 = ₹2,350 a month
- So ₹5,950 a month actually enters your PF account; the ₹1,250 EPS builds your pension instead
In year 1 the contributions total ₹71,400 and earn ₹3,191 of interest, closing the year at ₹74,591. After 10 years the balance reaches ₹13,82,560 — enter the same numbers above to see it, and check the year-by-year table to watch interest become the biggest contributor in the later years.
Things to keep in mind
- EPS buys a pension, not a lump sum. The employer's EPS contributions (up to ₹1,250 a month) fund a monthly pension after age 58 if you complete 10 years of service. They are not part of the withdrawable PF balance, which is why this calculator shows them separately.
- The ₹15,000 ceiling matters. If your employer caps contributions at the statutory wage ceiling, your PF grows much more slowly. The basis selector shows both outcomes.
- VPF can top it up. You may voluntarily contribute more than 12% through VPF at the same interest rate — this calculator models the standard 12% only.
- Withdrawal rules: PF can be withdrawn fully on retirement or after two months of unemployment, and partly for needs like a home, marriage or medical treatment. Interest keeps being credited for up to 3 years after you stop working.
- Tax: Interest on the employee's contribution above ₹2.5 lakh a year is taxable. Withdrawals after 5 years of service are tax-free.
Frequently asked questions
How much do I and my employer contribute to EPF?
You contribute 12% of your basic salary + DA every month, and your employer adds a matching 12%. Of the employer's share, 8.33% of wages (calculated on wages capped at ₹15,000 a month, so at most about ₹1,250) goes to the pension scheme (EPS), and the remainder of the employer's contribution goes into your PF account.
What is the current EPF interest rate?
The EPF interest rate for 2024–25 is 8.25% per year. The rate is recommended by the EPFO's Central Board of Trustees and approved by the Finance Ministry every year. Interest is calculated on the monthly running balance and credited to your account annually.
Why is the employer's full 12% not in my PF balance?
Because 8.33% of wages out of the employer's contribution is diverted to the Employees' Pension Scheme (EPS), which pays a monthly pension after retirement. On a basic + DA of ₹30,000, the employer's ₹3,600 splits into ₹1,250 for EPS (8.33% of the ₹15,000 ceiling) and ₹2,350 for your PF account.
What happens to EPF if my basic salary is above ₹15,000?
PF is compulsory only up to the ₹15,000 monthly wage ceiling, but most employers and employees contribute 12% on the full basic + DA, which builds a much bigger corpus. The EPS part, however, is always capped at 8.33% of ₹15,000 — about ₹1,250 a month — whatever your salary.
When can I withdraw my EPF balance?
You can withdraw the full balance on retirement (from age 55 onwards for full settlement) or after two months without a job. Partial withdrawals are allowed earlier for specific needs such as buying or building a home, children's marriage or education, and medical treatment, subject to service conditions.
Is EPF interest taxable?
Interest earned on your own contributions is tax-free up to a threshold — tax applies only on the interest portion linked to employee contributions above ₹2.5 lakh in a year. The employer's contribution above ₹7.5 lakh a year (across PF, NPS and superannuation) is also taxable. Full withdrawal after 5 years of continuous service is tax-free.