EPF Calculator
Calculate your Employee Provident Fund corpus, employer contribution, interest, and pension at retirement.
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EPF Details
Corpus Growth
EPF corpus build-up year by year
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Employee Provident Fund (EPF) is the cornerstone of retirement savings for salaried Indians. With a mandatory 12% employee contribution matched by 3.67% from the employer, and an interest rate of 8.25% p.a., EPF offers a risk-free way to build a substantial retirement corpus. Use the calculator above to estimate your EPF balance at retirement.
EPF Corpus for Different Basic Salaries
| Basic Salary | Monthly EPF | 20 Years Corpus | 30 Years Corpus |
|---|---|---|---|
| ₹25,000 | ₹3,918 | ₹23.5L | ₹58.8L |
| ₹35,000 | ₹5,485 | ₹32.9L | ₹82.3L |
| ₹50,000 | ₹7,835 | ₹47.0L | ₹1.17Cr |
| ₹75,000 | ₹11,753 | ₹70.5L | ₹1.76Cr |
| ₹1,00,000 | ₹15,670 | ₹94.0L | ₹2.35Cr |
*Assuming 8.25% p.a. interest rate. EPF + EPS contribution breakups apply.
EPF Contribution Breakdown
| Component | Employee | Employer |
|---|---|---|
| EPF (Provident Fund) | 12% of Basic + DA | 3.67% of Basic + DA |
| EPS (Pension Fund) | — | 8.33% of Basic + DA (capped at ₹1,250/month) |
| EDLI (Insurance) | — | 0.50% of Basic + DA |
| EPF Admin Charges | — | 0.50% of Basic + DA |
EPF Rules You Should Know
Tax-Free if Held 5+ Years
EPF interest is tax-free only if you have not withdrawn from the account for 5 continuous years. Premature withdrawal makes interest taxable.
Partial Withdrawal Allowed
You can withdraw up to 50% of your EPF balance for specific purposes — home purchase, marriage, education, or medical treatment.
Full Withdrawal on Unemployment
If you are unemployed for 2+ months, you can withdraw the full EPF balance. This is a common practice when switching jobs.
EPS Pension Formula
Monthly EPS pension = (Pensionable Salary × Years of Service) / 70. Maximum pensionable salary is ₹15,000, capping the pension at ₹7,500/month.
How EPF Corpus Is Calculated
In plain words
EPF (Employee Provident Fund) is a retirement benefit scheme where both employee and employer contribute. The employee contributes 12% of basic salary + DA, and the employer contributes 3.67% to EPF and 8.33% to EPS (pension).
Corpus = Existing × (1 + r)^Y + Monthly_Total × [((1 + r/12)^(Y×12) - 1) / (r/12)] × (1 + r/12)
Where:
r = Annual EPF Interest Rate
Y = Number of Years
Monthly_Total = Employee Contribution (12%) + Employer EPF Contribution (3.67%)A quick example
Let us calculate EPF corpus for a typical salaried employee:
Step by step
- 1.Employee contribution: ₹35,000 × 12% = ₹4,200/month
- 2.Employer EPF contribution: ₹35,000 × 3.67% = ₹1,285/month
- 3.Total monthly EPF: ₹4,200 + ₹1,285 = ₹5,485
- 4.Monthly compounding at 8.25% p.a. for 25 years
- 5.EPS Pension = min(₹7,500, Basic × Years / 70)
So the answer is: EPF Corpus ≈ ₹55,00,000 | Monthly Pension ≈ ₹7,500