EPF Calculator
Calculate EPF corpus
EPF Benefits:
- ✓ Tax-free withdrawals at retirement
- ✓ EPFO-backed security
- ✓ Employer contribution (12%)
- ✓ Partial withdrawal allowed
- ✓ Pension scheme (EPS) included
- ✓ Loan/advance facility available
Monthly Breakdown:
📝 Note: Employer's 12% contribution is split: 3.67% to EPF + 8.33% to EPS (Pension). Only EPF portion is shown here. Withdrawals after 5 years of continuous service are tax-free.
Note: EPF is an India-specific scheme. Regulatory limits and examples shown below are in Indian Rupees (INR). The calculator above automatically detects your currency for calculations.
What is Employee Provident Fund (EPF)?
Employee Provident Fund (EPF) is a retirement savings scheme managed by the Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India. It is mandatory for organizations with 20 or more employees and provides a secure retirement corpus for salaried employees.
How EPF Calculator Works:
Our EPF calculator uses the compound interest formula to calculate your retirement corpus:
FV = P × [((1 + r)^n - 1) / r] × (1 + r)
Where: FV = Future Value, P = Monthly contribution, r = Monthly interest rate, n = Number of months
EPF Contribution Structure:
- Employee Contribution: Minimum 12% of basic salary + DA (can contribute more)
- Employer Contribution: 12% of basic salary + DA (split between EPF and EPS)
- EPF Account: Employee's 12% + Employer's 3.67% = Total EPF contribution
- EPS Account: Employer's 8.33% goes to Employee Pension Scheme (max ₹1,250/month)
- EDLI: Employer pays 0.5% for Employee Deposit Linked Insurance (max ₹75/month)
Key Features of EPF:
- Interest Rate: Currently 8.25% p.a. (revised annually by EPFO)
- Tax Benefits: Contributions qualify for Section 80C deduction (up to ₹1.5 lakh)
- Tax-Free Withdrawals: After 5 years of continuous service
- Portability: Transfer EPF when changing jobs (UAN-based)
- Loan/Advance: Available for specific purposes (housing, medical, education, etc.)
- Pension Benefit: EPS provides monthly pension after retirement
EPF Withdrawal Rules:
- Full Withdrawal: After retirement (58 years) or 2 months of unemployment
- Partial Withdrawal: Allowed for specific purposes (housing, medical, marriage, education)
- Tax Implications: Tax-free if withdrawn after 5 years of continuous service
- Premature Withdrawal: Taxable if withdrawn before 5 years (except specific cases)
EPF Advance/Loan Facility:
- Medical Emergency: Up to 6 months' basic salary or employee's share, whichever is less
- Housing: Up to 90% of employee's share (after 5 years of service)
- Marriage/Education: Up to 50% of employee's share (after 7 years of service)
- Home Loan Repayment: Up to 90% of employee's share
Who is Eligible for EPF?
- Mandatory: All employees earning up to ₹15,000/month basic salary
- Voluntary: Employees earning above ₹15,000/month (with employer consent)
- Organization Size: Mandatory for companies with 20+ employees
- Excluded: Apprentices and certain categories of employees
EPF vs VPF (Voluntary Provident Fund):
| Feature | EPF | VPF |
|---|---|---|
| Contribution | Mandatory 12% | Voluntary (above 12%) |
| Employer Match | Yes (12%) | No |
| Interest Rate | 8.25% p.a. | 8.25% p.a. |
| Tax Benefit | 80C (up to ₹1.5L) | 80C (up to ₹1.5L) |
Example Calculation:
Scenario:
- Monthly Basic Salary: ₹50,000
- Employee Contribution: 12%
- Current Age: 30 years
- Retirement Age: 58 years
- Interest Rate: 8.25% p.a.
Monthly Contributions:
- Employee: ₹6,000 (12% of ₹50,000)
- Employer to EPF: ₹1,835 (3.67% of ₹50,000)
- Total Monthly: ₹7,835
Results (28 years):
- Your Total Contribution: ₹20,16,000
- Employer Total Contribution: ₹6,16,560
- Interest Earned: ₹36,67,440
- Total EPF Corpus: ₹63,00,000
- Tax-free withdrawal!
💡 Pro Tips for EPF:
- Link Aadhaar with UAN for seamless transfers and withdrawals
- Check EPF balance regularly via UMANG app or EPFO portal
- Transfer EPF when changing jobs (don't withdraw prematurely)
- Consider VPF for additional tax-free savings beyond 12%
- Nominate beneficiaries to ensure smooth claim process
- Avoid premature withdrawal to maximize tax-free compounding
- Use EPF advance only for genuine emergencies
⚠️ Important Notes:
- Interest on EPF contributions above ₹2.5 lakh/year is taxable (from FY 2021-22)
- Employer's contribution above ₹7.5 lakh/year is taxable as perquisite
- Withdrawal before 5 years is taxable (except in specific cases like illness, retrenchment)
- EPS pension is separate from EPF corpus (8.33% of employer contribution)
Important Disclaimer
For Educational and Informational Purposes Only: This calculator is provided solely for educational and informational purposes. It is designed to help you understand potential investment outcomes and should not be considered as financial, investment, tax, or legal advice.
Not Professional Advice: The calculations, results, and information provided by this tool do not constitute professional financial advice, investment recommendations, or tax guidance. Always consult with a qualified financial advisor, certified financial planner, tax consultant, or legal professional before making any investment or financial decisions.
Accuracy and Assumptions: While we strive to ensure the accuracy of our calculators, the results are based on the inputs you provide and certain assumptions. Actual returns, interest rates, tax implications, and other factors may vary significantly based on market conditions, government policies, individual circumstances, and other variables beyond our control.
No Guarantees: Past performance is not indicative of future results. The calculations provided are estimates and projections only. We make no guarantees, warranties, or representations regarding the accuracy, completeness, or reliability of the information or calculations provided.
Regional Variations: Financial regulations, tax laws, interest rates, and investment rules vary significantly by country, state, and jurisdiction. The information provided may not be applicable to your specific location or circumstances. Always verify current rates, rules, and regulations with official sources or local authorities.
Tax Implications: Tax laws are complex and subject to change. The tax-related information provided is general in nature and may not apply to your specific situation. Consult a qualified tax professional for advice tailored to your individual circumstances.
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Updates and Changes: Interest rates, contribution limits, tax benefits, and other financial parameters are subject to change by government authorities, regulatory bodies, and financial institutions. We recommend verifying current rates and rules with official sources before making any decisions.
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