EPF Calculator

The Employees' Provident Fund (EPF) is the retirement savings that salaried employees build every month. You and your employer both contribute, and EPFO adds interest every year. Over a full career, it often becomes one of your biggest assets.

How EPF contributions work

• You contribute 12% of your basic salary plus dearness allowance (DA).
• Your employer also contributes 12%, but part of it goes to the pension scheme (EPS): 8.33% of wages up to ₹15,000, which is at most ₹1,250 a month. The rest goes to your EPF.
• Interest is 8.25% for FY 2025-26. It is calculated on the monthly balance and added once a year.

How to use the EPF calculator

1. Enter your monthly basic salary + DA.
2. Enter your current age and retirement age (58 under EPF rules).
3. Enter your current EPF balance from your passbook.
4. Enter the expected yearly salary increase and the interest rate.

Example

Your basic + DA is ₹30,000 a month, you are 30, you have ₹2,00,000 in EPF, and you expect a 5% raise every year at 8.25% interest.

• This month: you put in ₹3,600 and your employer ₹2,350 (₹3,600 minus ₹1,250 for EPS).
• EPF balance at 58 = ₹1,49,57,477
• Your total contribution = ₹25,22,992
• Employer's contribution to EPF = ₹21,02,992
• Total interest earned = ₹1,01,31,494

Without any salary increase, the balance at 58 would be about ₹92,58,389. Raises and compounding do most of the work.

Things to know

• Tax: EPF interest is tax-free, except interest on your own contributions above ₹2.5 lakh a year.
• Withdrawing early: withdrawals before 5 years of continuous service are taxable, and TDS may apply. See the TDS calculator.
• Partial withdrawals are allowed for buying a house, education, marriage and medical treatment.
• Don't cash out when you switch jobs. Transfer the balance so it keeps compounding.