EPF Calculator (India)
Estimate your Employees’ Provident Fund balance at retirement. Enter your salary, expected raises, contribution and interest rate, and see how your own and your employer’s contributions grow year by year.
Year-wise EPF growth
How to use this EPF calculator
- Enter your current age and retirement age.
- Enter your current monthly basic plus DA and the yearly raise you expect.
- Add your existing EPF balance, if any, and your contribution percentage (12% is standard).
- Choose whether the employer’s pension share (EPS) comes out of the 12% (this is the usual case) and set the interest rate.
How EPF contributions work
Both you and your employer contribute 12% of basic salary plus DA. Your 12% goes entirely into EPF. Of the employer’s 12%, 8.33% of wages up to ₹15,000 (a maximum of ₹1,250 a month) goes into the Employees’ Pension Scheme, and the rest goes into your EPF account. This calculator applies that split by default.
Interest is calculated on your running balance each month and credited once a year. EPFO declares the rate every year. The rate for FY 2025-26 is 8.25%, the same as the previous two years. The rate for FY 2026-27 will be declared after the year ends, so change the rate field to test other scenarios.
Example
Take a 28-year-old with a basic salary of ₹40,000 a month, a 6% yearly raise, 12% contribution, 8.25% interest and retirement at 58. After 30 years the EPF corpus comes to about ₹2.51 crore, from total contributions of about ₹86.6 lakh. More than half of the final amount is interest, which shows the power of compounding over long periods.
Tax on EPF
- Your contribution qualifies for deduction under Section 80C in the old regime.
- Interest is tax-free as long as your own yearly contribution is within ₹2.5 lakh (₹5 lakh if there is no employer contribution). Interest on the excess is taxable.
- Withdrawal after five years of continuous service is tax-free. Withdrawals before that may attract TDS and tax.
- Employer contributions above a combined limit across EPF, NPS and superannuation can create a taxable perquisite.
Ways to grow your EPF
- Voluntary PF (VPF): you can contribute more than 12% of basic. Raise the contribution percentage in the calculator to see the effect.
- Keep the account alive. Transfer your PF when you change jobs instead of withdrawing, so compounding continues.
- Check your UAN and passbook regularly to confirm that your employer is depositing contributions.
Limitations
The calculator assumes a constant interest rate and contributions every month. Real rates change from year to year. It does not calculate the EPS pension, withdrawals, or tax on excess contributions. Your EPFO passbook is the final record of your balance.
Frequently asked questions
What is the current EPF interest rate?
The rate approved for FY 2025-26 is 8.25%. EPFO announces the rate for each financial year after it ends.
How much do I and my employer contribute?
Each contributes 12% of basic plus DA. Part of the employer’s share, up to ₹1,250 a month, goes to the pension scheme (EPS).
Can I contribute more than 12%?
Yes, through voluntary provident fund (VPF), which earns the same interest rate. The tax-free interest limit on yearly contributions still applies.
When can I withdraw my EPF?
On retirement at 58, or after 2 months of unemployment, along with partial withdrawals for specific purposes such as medical needs, a home or marriage.
Is EPF interest taxable?
Interest is tax-free if your own yearly contribution stays within ₹2.5 lakh. Interest on contributions above the limit is taxable.
Last updated: 13 November 2026. This calculator is for education and estimation only and is not tax, legal or financial advice. Rules and interest rates change; verify the current position with the official source or a qualified professional before making decisions.