EPF Calculator

Estimate your EPF contributions, interest earned, and total corpus at retirement.

EPF Details

₹ 50,000
12 %
3.67 %
25 Years
58 Years
8.15 %

Total EPF Corpus at Retirement

₹ 0

Employee Contribution

₹ 0

Employer Contribution

₹ 0

Total Interest Earned

₹ 0

Year-wise Growth Projection

Year Employee Contribution Employer Contribution Interest Earned Closing Balance

Understanding Your EPF and Retirement Planning

Our EPF Calculator helps you estimate your future provident fund corpus and plan for a secure retirement.

What is EPF?

EPF stands for Employees' Provident Fund. It is a mandatory savings scheme for salaried employees in India, managed by the Employees' Provident Fund Organisation (EPFO). Both the employee and the employer contribute a portion of the employee's salary to this fund, which then earns interest annually.

The primary goal of EPF is to provide financial security to employees upon their retirement or in case of unforeseen circumstances.

How EPF Contributions Work

The contributions to your EPF account are typically a percentage of your 'Basic Pay + Dearness Allowance (DA)'.

  1. Employee's Contribution
    By default, employees contribute 12% of their basic salary + DA to their EPF account. This can be voluntarily increased.
  2. Employer's Contribution
    Employers also contribute 12% of the employee's basic salary + DA. Out of this 12%, 8.33% goes to the Employees' Pension Scheme (EPS), and the remaining 3.67% goes to the EPF account.

The total amount accumulated in your EPF account consists of:

  • Your total contributions (employee share).
  • Your employer's EPF contributions (3.67% share).
  • The interest earned on the combined contributions annually.

Understanding the EPF Growth Projection

Our year-wise projection table illustrates how your EPF corpus grows over time. It shows the annual contributions from both you and your employer, the interest earned each year, and the cumulative balance. This helps you visualize the power of compounding and its impact on your retirement savings.

Frequently Asked Questions

Yes, for organizations with 20 or more employees, EPF contributions are mandatory for both the employer and employees earning up to a certain basic salary (currently ₹15,000 per month). Employees earning more than ₹15,000 can also opt to contribute.

Partial withdrawals are allowed for specific purposes like house purchase, marriage, education, medical emergencies, etc., after a certain period of service. Full withdrawal is generally permitted upon retirement (after 55 years of age) or if unemployed for more than two months.

Interest is calculated on the monthly running balance of your EPF account but is credited annually. The interest rate is declared by the Ministry of Labour and Employment, Government of India, usually at the end of each financial year.