EPF Calculator
Estimate your Employee Provident Fund (EPF) corpus at retirement based on your current salary, age, and contributions.
Input Parameters
Did you know?
EPF is one of the safest debt investments in India, offering tax-free returns (EEE status) up to ₹2.5 Lakhs annual contribution.
Corpus Breakdown
How EPF Works in India
The Employee Provident Fund (EPF) is a mandatory savings scheme for salaried employees in India, managed by the EPFO (Employees' Provident Fund Organisation).
Employee Share
12% of your Basic Salary + DA is deducted every month and deposited into your EPF account.
Employer Share
The employer also contributes 12%, but it is split:
- 3.67% goes to the EPF account
- 8.33% goes to the EPS (Pension Scheme)
Tax Benefits (EEE Status)
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).
Frequently Asked Questions
What is the current EPF interest rate?
For the financial year 2023-24, the government has fixed the EPF interest rate at 8.25%.
Is EPF contribution mandatory?
Yes, for employees earning up to ₹15,000 basic salary in organizations with 20+ employees. For others, it's optional but highly recommended.
Can I withdraw my EPF before retirement?
Partial withdrawals are allowed for specific reasons like marriage, education, medical emergencies, or home purchase after certain years of service.
What is the EPS cap of ₹15,000?
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.