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Estimate your Employee Provident Fund (EPF) corpus at retirement based on your current salary, age, and contributions.
EPF is one of the safest debt investments in India, offering tax-free returns (EEE status) up to ₹2.5 Lakhs annual contribution.
The Employee Provident Fund (EPF) is a mandatory savings scheme for salaried employees in India, managed by the EPFO (Employees' Provident Fund Organisation).
12% of your Basic Salary + DA is deducted every month and deposited into your EPF account.
The employer also contributes 12%, but it is split:
EPF follows the Exempt-Exempt-Exempt (EEE) model: 1. Contribution is tax-deductible under 80C. 2. Interest earned is tax-free. 3. Maturity amount is tax-free (if service is > 5 years).
For the financial year 2023-24, the government has fixed the EPF interest rate at 8.25%.
Yes, for employees earning up to ₹15,000 basic salary in organizations with 20+ employees. For others, it's optional but highly recommended.
Partial withdrawals are allowed for specific reasons like marriage, education, medical emergencies, or home purchase after certain years of service.
The employer's 8.33% contribution to the pension scheme (EPS) is calculated on a maximum basic salary of ₹15,000, even if your actual basic is higher. The excess goes to your EPF account.