EPF Calculator
Calculate Employee Provident Fund maturity amount with accurate interest and contribution calculations
Calculate Your EPF Maturity Amount
Monthly basic salary (excluding HRA, allowances)
Monthly dearness allowance (optional)
Minimum 12% (you can contribute more under VPF)
Your current age in years
Age when you plan to retire
Current EPF interest rate is 8.5% (FY 2024-25)
Expected annual increment in salary
Your existing EPF balance (leave 0 if starting fresh)
Salary & Contribution Summary
Total Salary
₹15,000
Employee Contribution
₹1,800
Employer Contribution
₹551
Years to Retirement
33 years
EPF Calculation Results
| Monthly Employee Contribution | ₹1,800 |
| Monthly Employer Contribution | ₹551 |
| Total Monthly Contribution | ₹2,351 |
| Total Employee Contributions | ₹17,29,377 |
| Total Employer Contributions | ₹12,34,575 |
| Interest Earned | ₹76,95,203 |
| Annual Tax Savings (Section 80C) | ₹6,480 |
EPF Contribution Breakdown
Employee Contribution Rate
12%
Employer EPF Contribution
3.67%
Interest Rate (Annual)
8.5%
Yearly EPF Growth Projection (First 10 Years)
| Age | Employee Contribution | Employer Contribution | Interest Earned | Year-end Balance |
|---|---|---|---|---|
| 25 | ₹21,600 | ₹6,606 | ₹1,333 | ₹29,539 |
| 26 | ₹22,680 | ₹7,686 | ₹4,046 | ₹63,951 |
| 27 | ₹23,814 | ₹8,820 | ₹7,195 | ₹1,03,780 |
| 28 | ₹25,005 | ₹10,011 | ₹10,828 | ₹1,49,623 |
| 29 | ₹26,255 | ₹11,261 | ₹14,998 | ₹2,02,138 |
| 30 | ₹27,568 | ₹12,574 | ₹19,764 | ₹2,62,043 |
| 31 | ₹28,946 | ₹13,952 | ₹25,190 | ₹3,30,131 |
| 32 | ₹30,393 | ₹15,399 | ₹31,345 | ₹4,07,268 |
| 33 | ₹31,913 | ₹16,919 | ₹38,307 | ₹4,94,407 |
| 34 | ₹33,509 | ₹18,515 | ₹46,160 | ₹5,92,590 |
Blue = Employee contributions, Purple = Employer contributions, Orange = Interest earned
About EPF
Employee Provident Fund is a retirement savings scheme
Both employee and employer contribute 12% of basic salary
Current interest rate is 8.5% per annum (compounded monthly)
Managed by EPFO (Employee Provident Fund Organisation)
EPF Contribution Rules
Salary ≤ ₹15,000
- • Employee: 12% to EPF
- • Employer: 3.67% to EPF
- • Employer: 8.33% to EPS
Salary > ₹15,000
- • Employee: 12% to EPF
- • Employer: Variable to EPF
- • EPS capped at ₹1,250/month
EPF Tax Benefits
Contributions qualify for Section 80C deduction (up to ₹1.5 lakh)
Interest earned is tax-free (if contribution ≤ ₹2.5 lakh annually)
Withdrawal after 5 years is completely tax-free
EEE (Exempt-Exempt-Exempt) tax status for eligible withdrawals
Understanding Employee Provident Fund (EPF)
What is EPF?
The Employee Provident Fund (EPF) is a retirement savings scheme for salaried employees in India. It's managed by the Employee Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India.
How EPF Works
- •Both employee and employer contribute 12% of basic salary + DA
- •Employer's contribution is split between EPF and EPS
- •Interest is compounded monthly and credited annually
- •Withdrawal allowed after retirement or in emergencies
EPF Calculation Formula
Monthly Contribution:
Employee = (Basic + DA) × 12%
Employer = Variable (see rules)
Maturity Amount:
FV = PMT × [((1+r)^n - 1) / r]
Where r = monthly interest rate
n = number of months
Benefits of EPF
Tax Benefits: Triple tax exemption (EEE status)
Guaranteed Returns: Government-backed assured returns
Employer Matching: Free money from employer contribution
Liquidity: Partial withdrawal allowed for specific purposes