EPF Calculator
Estimate how large your Employees' Provident Fund balance could grow by retirement, based on your basic salary + DA, expected raises and the current EPF interest rate.
Reviewed by the CalcCafe editorial team · Last updated 18 July 2026 · How we test our tools
Example
Say your basic salary plus dearness allowance is ₹50,000 a month at age 30, you retire at 58, expect 5% annual raises, and EPF earns 8.25% (the FY 2024-25 rate). Employee (12%) and employer (3.67%) contributions together are 15.67% of basic — about ₹94,020 in the first year. Simulating year by year with the salary growing 5% annually, the corpus at 58 comes to about ₹1,65,47,227, built from total contributions of roughly ₹54,91,011 and interest of about ₹1,10,56,216.
How it works
Each simulated year, the tool adds an annual contribution of basic × 12 × (12% + 3.67%) — the employee's full 12% plus the 3.67% slice of the employer's 12% that actually reaches EPF (the remaining 8.33% goes to the Employees' Pension Scheme). The balance then earns a year of interest: balance = (balance + contribution) × (1 + rate ÷ 100). Salary is stepped up by your increase percentage each year, and the loop runs until retirement age. Total interest is simply the final corpus minus everything contributed. Real EPF interest is credited on monthly running balances, so treat this annual model as a close planning approximation.
Good to know
The Employees' Provident Fund is a mandatory retirement scheme run by the Employees' Provident Fund Organisation (EPFO) for establishments with 20 or more employees. You contribute 12% of basic salary + DA every month and your employer matches it — but the employer's share is split: only 3.67% lands in your EPF account, while 8.33% (on salary up to ₹15,000) is diverted to the Employees' Pension Scheme (EPS), which later pays a monthly pension rather than a lump sum. That split is why this calculator credits 15.67%, not 24%, to your EPF balance.
The interest rate is not fixed by law. Each year the EPFO's Central Board of Trustees recommends a rate, which the Ministry of Finance then ratifies — 8.25% for FY 2024-25, and 8.15% the year before. Interest is calculated on monthly running balances but credited annually to your account. Because the rate is reviewed every year, long-range projections like this one are estimates: a half-point change sustained over 25+ years moves the final corpus by many lakhs.
Tax treatment is generous but no longer unlimited. Your own contributions qualify for the Section 80C deduction, and maturity proceeds are tax-free after five years of continuous service. However, since FY 2021-22, interest earned on employee contributions above ₹2.5 lakh per year (₹5 lakh where the employer does not contribute) is taxable — high earners making voluntary provident fund (VPF) top-ups should account for this.
Everything hangs off your Universal Account Number (UAN), which stays with you across jobs — transfer your balance when you switch employers instead of withdrawing, or you break the compounding and may trigger tax (withdrawals before five years of service are generally taxable). Partial withdrawals are permitted for specific purposes such as home purchase, medical treatment, education and marriage, and the full balance becomes claimable at retirement or after two months of unemployment.
Frequently asked questions
How much of my salary actually goes into EPF?
You contribute 12% of basic salary + DA, and your employer contributes another 12% — but 8.33% of the employer share (on salary up to ₹15,000) goes to the Employees' Pension Scheme, so only 3.67% of it reaches your EPF account. This calculator credits the combined 15.67% to your balance.
What EPF interest rate should I use?
The default 8.25% is the rate declared for FY 2024-25. The rate is recommended annually by the EPFO's Central Board of Trustees and ratified by the Ministry of Finance, so it changes over time — recent years have ranged between roughly 8.1% and 8.65%.
Is my salary data uploaded anywhere?
No — this calculator runs entirely in your browser. Your inputs never leave your device, and it works offline once the page has loaded.
Is this EPF calculator free?
Yes, completely free with no sign-up and no limits.
People also ask
Is EPF interest taxable?
Mostly no, but with a cap: since FY 2021-22, interest earned on your own contributions above ₹2.5 lakh per financial year is taxable (₹5 lakh where the employer does not contribute). Below that threshold, EPF interest and the maturity amount after five years of continuous service remain tax-free.
Can I withdraw my EPF before retirement?
Partially, yes — EPFO allows advances for specific purposes such as home purchase or construction, medical emergencies, higher education and marriage, subject to service-length conditions. Full withdrawal is allowed at retirement or after two months of unemployment; withdrawing before five years of service generally makes the amount taxable.
What does the 8.33% EPS portion give me?
The Employees' Pension Scheme pays a monthly pension from age 58 based on pensionable salary and years of service, rather than adding to your lump-sum corpus. That is why this calculator counts only 15.67% of salary toward the EPF balance — the EPS benefit arrives separately as a pension.
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Sources & references
These tools follow our methodology and provide educational estimates only — verify important figures with a qualified professional.