Calculate your Employee Provident Fund corpus at retirement with year-by-year growth, employer match and current 8.25% interest rate.
EPF enjoys Exempt-Exempt-Exempt (like PPF). Employee contribution qualifies for 80C (old regime). Interest and maturity are tax-free up to limits.
Full withdrawal allowed after 58 years or 5+ years of unemployment. Partial withdrawal for house purchase, marriage, education, medical emergency.
8.33% of employer's 12% goes to EPS (max ₹1,250/month). Provides pension after age 50 with 10+ years service. Not part of EPF balance.
Universal Account Number links all EPF accounts across employers. Transfer your PF within 10 days of joining a new employer to avoid penalties.
The Employee Provident Fund (EPF) is a mandatory retirement savings scheme administered by the Employees' Provident Fund Organisation (EPFO), established under the EPF and Miscellaneous Provisions Act, 1952. Every Indian employee earning up to Rs 15,000 per month must contribute 12% of their basic salary to EPF; employers match this contribution. As of 2024, EPFO manages over Rs 20 lakh crore in assets and covers more than 7 crore active members - making it the largest defined-contribution pension system in the world by membership.
The EPFO board declared an interest rate of 8.25% for FY 2023-24 - one of the highest guaranteed returns available on a government-backed savings instrument in India. EPF contributions up to Rs 1.5 lakh per year are deductible under Section 80C of the Income Tax Act. Maturity proceeds are fully tax-exempt if the employee has completed 5 years of continuous service. This makes EPF one of the most tax-efficient long-term savings vehicles available to Indian salaried employees.
Enter your monthly basic salary, your current EPF balance (if any), expected annual salary increment, and years to retirement. The calculator compounds interest monthly and shows a year-by-year breakdown of employee contributions, employer contributions, and accumulated corpus. This helps employees plan supplementary investments such as NPS or PPF to fill any retirement gap.