EPF Calculator
Project your Employees Provident Fund corpus at retirement from monthly Basic+DA, contribution rates, salary growth and the EPF rate.
How it works
Each month: contribution = Basic+DA × (employee % + employer %) · balance = balance × (1 + rate ÷ 12) + contribution · Basic+DA steps up once a year by the salary growth
In the Employees Provident Fund you contribute a percentage of Basic+DA each month and your employer adds a share too, with the running balance earning the EPF interest rate compounded through the year. Because pay usually rises over a career, the model steps up Basic+DA once a year by your salary growth, so later contributions are larger than early ones. The corpus at retirement is every contribution plus all the interest they earned along the way.
Worked example
On a ₹25,000 monthly Basic+DA with a 12% employee share and 3.67% employer share, growing pay 5% a year, EPF at 8.25% builds a corpus of roughly ₹1.38 crore by age 58 — most of which is interest rather than the ₹37.6 lakh of contributions.
Frequently asked questions
Why is the employer EPF share only 3.67% and not 12%?
The employer also contributes 12% of Basic+DA, but 8.33% of it (capped on a wage of ₹15,000, so up to ₹1,250) is diverted to the Employees Pension Scheme. That leaves 3.67% going into the EPF balance, which is why the default employer share here is 3.67%.
Is the EPF interest rate fixed?
No. The EPF rate is declared each year by the government on the advice of the EPFO, so it drifts up and down over a long career. Use the current year rate and treat older projections as estimates.
Is my EPF corpus taxable?
EPF is largely tax-free if you stay contributing for at least five continuous years, though interest on employee contributions above ₹2.5 lakh in a year is now taxable. Confirm the current thresholds for your situation.
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Educational estimate only, not investment advice. Interest rates on PPF, EPF, NPS, Sukanya Samriddhi and other small-savings schemes are revised periodically by the Government of India — confirm the current rate before relying on this.