EPF calculator

Your EPF balance at retirement, and a part most people miss: of the employer’s 12%, up to ₹1,250 a month goes to the pension scheme (EPS), not to your EPF balance.

Your EPF

Monthly basic + DA₹Your ageRetirement ageEPF balance today₹Salary rise each year%EPF interest rate%Declared rate used: 8.25%; it is set every yearVoluntary PF (VPF)% of basicAssumed inflation%

EPF balance at 58: ₹2.3 crore

About ₹58.57 lakh in today's rupees, at 5% inflation.

₹4,800

your contribution this month (12%, plus VPF)

₹3,551

employer's share that reaches your EPF this month

₹1,250

employer's share that goes to the pension scheme (EPS) instead

Your contributions₹42.47 lakh

Employer contributions to EPF₹35.27 lakh

Interest₹1.52 crore

Sent to the pension scheme (not in this balance)₹4.2 lakh

How it is worked out

Each month 12% of basic pay plus dearness allowance goes in from you, plus any voluntary PF (VPF). The employer also pays 12%, but 8.33% of wages up to ₹15,000, that is up to ₹1,250 a month, goes to the Employees' Pension Scheme. The rest of the employer's share goes to your EPF.

Interest is worked out monthly on the running balance at the declared yearly rate ÷ 12 and credited once a year. The rate is declared every year; the default here is the latest one used. Interest on your own contributions above ₹2.5 lakh a year is taxable.

Questions

How much does the employer contribute to EPF?

12% of basic + DA, but 8.33% of wages up to ₹15,000 (₹1,250 a month) goes to the pension scheme (EPS). Only the remainder, 3.67% at the ₹15,000 level, reaches your EPF balance.

What is the current EPF interest rate?

The rate is declared each year by the EPFO. The calculator starts at the latest rate used here and lets you change it.

Is EPF interest tax-free?

Interest on employee contributions up to ₹2.5 lakh a year (₹5 lakh where the employer does not contribute) is tax-free; interest on contributions above that is taxable.

What is VPF?

Voluntary Provident Fund: extra contributions above 12%, up to 100% of basic + DA, earning the same rate as EPF.

Educational calculator only, not financial, tax or investment advice. Results follow the formulas and the assumptions you enter; actual amounts depend on your lender, bank, employer and the rules that apply to you. Past performance does not indicate future results. Read the Disclaimer.