EPF Calculator
About the EPF Calculator
The Employees' Provident Fund (EPF) is a retirement savings scheme for salaried employees. You and your employer each contribute 12% of your basic salary (plus DA) every month, and the balance earns interest set by the government each year.
This calculator projects your EPF corpus at retirement, assuming your salary — and so your contribution — grows each year, with the balance compounding at the EPF rate. It is a simplified estimate that does not separate the pension (EPS) portion.
Frequently asked questions
How much do I and my employer contribute to EPF?
Both contribute 12% of your basic salary plus dearness allowance. Your full 12% goes to EPF; part of the employer's share is diverted to the Employees' Pension Scheme (EPS), which this simplified calculator does not split out.
What is the current EPF interest rate?
The rate is announced by the EPFO each financial year and has been around 8.25% recently. It is credited annually to your balance — check the latest declared rate, as it changes.
Is EPF tax-free?
EPF has EEE status — contributions qualify under Section 80C, and the interest and maturity are tax-free if you stay invested for five continuous years. Interest on your own contributions above ₹2.5 lakh in a year is taxable.
Can I withdraw EPF before retirement?
Full withdrawal is allowed at retirement or after a set period of unemployment; partial withdrawals are permitted for specific needs like a house, medical treatment, education or marriage, subject to conditions.
What is the difference between EPF, VPF and PPF?
EPF is the mandatory employer-employee scheme; VPF lets you voluntarily contribute extra to your EPF at the same rate; PPF is a separate public scheme anyone can open. All three are long-term and tax-favoured.