💼 EPF Calculator

1. Enter your monthly basic salary (basic pay + dearness allowance) in rupees.
2. Enter the number of years of service remaining until retirement.
3. Enter an expected annual salary growth percentage (e.g. 5).
4. Optionally enter your current EPF balance to include past accumulations.
5. Click Calculate to see the projected maturity amount, total contributions and interest earned.

What is the current EPF interest rate?

For financial year 2024-25 the EPF interest rate is 8.25% per annum, compounded monthly and credited at the end of the financial year. The rate is reviewed and announced by the government each year; this calculator uses 8.25% as the default.

How much will my employer contribute to EPF?

The employer contributes a total of 12% of your basic salary plus DA. Of this, 8.33% (capped at ₹1,250 per month for salaries above ₹15,000) goes to the Employee Pension Scheme (EPS) and the remaining 3.67% goes to the EPF account. Only the EPF portion earns interest and is part of your withdrawable balance.

Is EPF interest taxable?

No, as long as your annual employee contribution is ₹2.5 lakh or less. Employee contributions above ₹2.5 lakh per year trigger taxable interest on the excess portion. Within the limit, EPF enjoys full EEE (Exempt-Exempt-Exempt) status — contributions, interest and maturity are all tax-free.

What happens to my EPF if I change jobs?

You should transfer your old EPF balance to the new employer''s EPF account using the UAN-based online transfer on the EPFO portal, rather than withdrawing it. Transferring keeps the money compounding and preserves the five-year tax-exemption benefit; withdrawing before five years of continuous service makes the amount taxable.

Can I withdraw my EPF balance before retirement?

Partial withdrawals are allowed for specific purposes such as home purchase, medical emergencies, education or marriage, subject to conditions. Full withdrawal is permitted at retirement (age 55), or after two months of unemployment if certain conditions are met. Early withdrawals before five continuous years of service are taxable.

What is the difference between EPF and EPS?

EPF (Employees'' Provident Fund) is the lump-sum accumulative portion that earns interest and is withdrawable at retirement. EPS (Employee Pension Scheme) is the pension portion funded by 8.33% of the employer''s contribution (capped at ₹1,250/month) and pays a monthly pension after retirement based on the pensionable salary and years of service.

How accurate is this EPF calculator?

Disclaimer: This EPF calculator is provided for informational and educational purposes only and does not constitute financial or tax advice. It uses the 2024-25 rate of 8.25% and simplified assumptions about steady salary growth and monthly compounding. Actual interest rates, EPS caps and tax rules are revised periodically by the government. Always verify your official EPF passbook and consult a qualified financial advisor before making decisions.

This tool is for informational purposes only and does not constitute financial advice. Consult a qualified financial professional for advice specific to your situation.

EPF is one of the most tax-efficient savings vehicles available to Indian salaried employees because the interest, employer contributions and maturity amount are all exempt from income tax under the EEE (Exempt-Exempt-Exempt) framework, provided the annual contribution does not exceed ₹2.5 lakh — contributions above that threshold trigger taxable interest on the excess. To maximise your benefit, consider topping up with the Voluntary Provident Fund (VPF), which allows you to contribute up to 100% of basic salary at the same EPF interest rate, though VPF interest on the excess above the ₹2.5 lakh cap is also taxable. Keep your EPF UAN (Universal Account Number) active and consolidated — every time you change jobs, transfer the old balance rather than withdrawing it, so the compounding continues uninterrupted and you preserve the five-year tax-exemption. If you withdraw before completing five continuous years of service, the withdrawn amount becomes taxable as "salary income" for that year, plus a 1% TDS may apply. The EPFO credits interest annually (at the end of the financial year), so your passbook will not show monthly interest accrual — this is normal, not an error. Because the government revises the rate each financial year, this calculator uses 8.25% (the 2024-25 rate) as a conservative long-term estimate; rates have historically ranged between 8.10% and 8.75%. For a more diversified retirement plan, complement EPF with equity through the SIP calculator and the PPF calculator for additional tax-free compounding.