EPF Calculator
Retirement EPF corpus estimate
EPF Details
Contribution Breakup
Employee: 12% of Basic+DA
Employer EPF: 3.67% of Basic+DA
Employer EPS: 8.33% (not in EPF corpus)
Your Contribution
₹34.59 L
Employer Contribution
₹10.58 L
Total Corpus
₹1.60 Cr
Corpus Breakdown
Summary
Corpus Growth by Year
EPF Calculator – Know Your Retirement Corpus from Employee Provident Fund
The Employee Provident Fund (EPF) is a mandatory retirement savings scheme for salaried employees in India, managed by the Employees' Provident Fund Organisation (EPFO). Both you and your employer contribute a percentage of your basic salary every month — building a substantial retirement corpus over your working life. Our EPF calculator helps you estimate the total corpus you will accumulate by retirement, factoring in your salary, increments, contribution rates, and the current EPF interest rate.
How the EPF Calculator Works
The employee contributes 12% of basic salary + DA to EPF every month. The employer also contributes 12%, but split between EPF (3.67%) and EPS — Employee Pension Scheme (8.33%). Only the EPF portion (employee 12% + employer 3.67%) goes into your EPF account and earns interest. The current EPF interest rate is 8.15% per annum (FY2023-24). Enter your basic salary, current age, retirement age, and expected annual increment to project your total EPF corpus at retirement including all compounded interest.
Benefits of EPF Investment
- ✓Employer Contribution: Your employer matches a portion of your contribution — effectively boosting your retirement savings at no extra cost to you.
- ✓Tax-Free Returns: EPF interest is tax-free, and the maturity amount after 5 years of continuous service is fully exempt from tax.
- ✓Section 80C Deduction: Employee contributions to EPF qualify for tax deduction under Section 80C up to ₹1.5 lakh per year.
- ✓Guaranteed Returns: EPF offers assured returns at a rate declared by the EPFO Central Board of Trustees each year.
- ✓Emergency Withdrawal: Partial withdrawal is allowed for medical emergencies, home purchase, education, or marriage without full account closure.
Key Features
- ✓Salary Increment Modeling: Accounts for annual salary increments so the projection reflects real-world contribution growth over time.
- ✓3-Way Corpus Breakdown: Pie chart separates employee contribution, employer contribution, and total interest earned.
- ✓Year-by-Year Growth: Stacked bar chart shows cumulative employee and employer contributions each year of your career.
- ✓Retirement Age Flexibility: Adjust retirement age from 50 to 60 to model early retirement or extended working scenarios.
- ✓Current Rate Pre-loaded: EPF interest rate of 8.15% is pre-filled and adjustable to model potential future rate changes.
Frequently Asked Questions about EPF
What is the current EPF interest rate?
The EPF interest rate for FY2023-24 is 8.15% per annum, as declared by the EPFO. The rate is set annually by the Central Board of Trustees. Over the past decade, EPF rates have ranged from 8.1% to 8.75%, making it one of the highest-returning guaranteed investment instruments in India.
What is the difference between EPF and EPS?
EPF (Employee Provident Fund) is a savings account where both employee (12%) and employer (3.67%) contribute — building your retirement corpus. EPS (Employee Pension Scheme) receives the remaining 8.33% employer contribution (up to ₹1,250/month) and provides a monthly pension post-retirement. The EPF balance is withdrawable; EPS provides a lifetime monthly pension.
Can I withdraw my EPF before retirement?
Yes. You can make partial EPF withdrawal for specific purposes like medical treatment, home loan repayment, marriage, or education of children after meeting certain service year criteria. Full EPF withdrawal is allowed if you are unemployed for 2+ months or upon reaching 58 years of age. Withdrawals before 5 years of continuous service attract TDS.
How is EPF taxable?
EPF withdrawals after 5 years of continuous service are completely tax-free. If you withdraw before 5 years of service, the amount is taxable as per your income slab, and TDS is deducted at 10% (if PAN is provided). EPF contributions also qualify for Section 80C deduction up to ₹1.5 lakh annually.
How can I check my EPF balance?
You can check your EPF balance through the EPFO member portal (passbook.epfindia.gov.in), the UMANG mobile app, by sending an SMS 'EPFOHO UAN' to 7738299899, or by giving a missed call to 011-22901406 from your registered mobile number. Ensure your UAN is activated and linked with your Aadhaar, PAN, and bank account.