EPF Calculator

Projected Corpus -
Total Employee Contribution -
Total Employer Contribution -
Total Interest Earned -

Year-Wise Projection

Year Age Opening Balance Annual Contribution Interest Earned Closing Balance

Understanding the EPF Calculator

The Employees' Provident Fund (EPF) is a mandatory retirement savings scheme for salaried employees in India. This calculator helps you project your total retirement corpus by considering your monthly salary, age, expected salary growth, and the prevailing EPF interest rate.

How It Works:
  • Employee Contribution: You contribute 12% of your basic salary to your EPF account every month.
  • Employer Contribution: Your employer matches your 12% contribution. Of this, 8.33% goes to the Employees' Pension Scheme (EPS) (up to a wage ceiling) and the remaining 3.67% goes to your EPF account. For simplicity in corpus calculation, our tool considers the full employer EPF portion contributing to growth.
  • Interest: The government declares a fixed interest rate each year, which is compounded annually on your EPF balance.
  • Salary Growth: The calculator factors in an expected annual salary increase to provide a more realistic projection of your future contributions and final corpus.

Frequently Asked Questions (FAQ)

EPF (Employees' Provident Fund) is your savings component, which you receive as a lump sum at retirement. EPS (Employees' Pension Scheme) is a pension component, providing you with a monthly income after you retire.

Yes, partial withdrawal is allowed for specific purposes like home purchase, marriage, or medical emergencies, subject to certain conditions and lock-in periods. Full withdrawal is typically only possible at retirement or after two months of unemployment.

EPF enjoys an Exempt-Exempt-Exempt (EEE) status. This means your contribution, the interest earned, and the final withdrawal are all tax-free, making it one of the most tax-efficient investment options in India.