EPF Calculator (Employees' Provident Fund)
Calculate your EPF retirement corpus with employer contribution and guaranteed returns.
Your Details
Your current age
Your basic salary (excluding HRA, DA, etc.)
Your existing EPF balance (if any)
Expected yearly salary increase
When you plan to retire (default: 58)
Current rate: 8.25% (changes annually)
Note: EPF contribution is 12% from employee + 3.67% from employer (to EPF). Remaining 8.33% from employer goes to EPS.
EPF at Retirement
₹0
In 33 years (at age 58)
Contribution Breakdown
Corpus Composition
Current Monthly Contribution
Your Share (12%)
₹6,000
Employer (3.67%)
₹1,835
Total Monthly to EPF
₹7,835
Impact of Employer Contribution
How is EPF Calculated?
Monthly Contributions:
Employer to EPF: 3.67% of Basic Salary
Employer to EPS: 8.33% of Basic Salary
Interest Calculation:
Interest is calculated monthly but credited annually. The calculator assumes salary increments are applied at the start of each year.
Understanding EPF (Employees' Provident Fund)
EPF is a retirement savings scheme for salaried employees where both employee and employer contribute monthly. It offers guaranteed returns and tax benefits.
Key Features of EPF
- Employee Contribution: 12% of basic salary (mandatory for companies with 20+ employees)
- Employer Contribution: 12% (3.67% to EPF + 8.33% to EPS)
- Interest Rate: Set by EPFO annually (currently 8.25%)
- Tax Benefit: EEE status - contributions, interest, and withdrawals are tax-free
- Withdrawal: At retirement (58 years) or under specific conditions
EPF vs EPS (Employee Pension Scheme)
- EPF: Receives 12% from employee + 3.67% from employer - provides lump sum at retirement
- EPS: Receives 8.33% from employer (capped at ₹1,250/month) - provides monthly pension
- Choice: Employees earning above ₹15,000/month can opt to contribute full 12% to EPF (opt out of EPS)
Withdrawal Rules
- Full Withdrawal: At retirement (58+), or after 2 months of unemployment
- Partial Withdrawal: For medical emergencies, home loan, education, marriage
- Job Change: Can transfer EPF to new employer or withdraw after 2 months
- Premature (before 5 years): TDS applicable if withdrawn before 5 years of continuous service
How to Check EPF Balance
- UAN Portal: Login to unifiedportal-mem.epfindia.gov.in with your UAN
- SMS: Send "EPFOHO UAN ENG" to 7738299899
- Missed Call: Give missed call to 011-22901406 (registered mobile)
- Umang App: Download UMANG app and access EPF services
Frequently Asked Questions
1. What is the current EPF interest rate?
For FY 2025-26, the EPF interest rate is 8.25% per annum. This rate is decided annually by EPFO and approved by the Finance Ministry.
2. Is EPF contribution mandatory?
EPF is mandatory for companies with 20 or more employees. Employees earning less than ₹15,000/month must contribute. Those earning more can opt out but most choose to continue.
3. Can I withdraw EPF when changing jobs?
You can either transfer your EPF to the new employer (recommended) or withdraw it after 2 months of unemployment. Withdrawing before 5 years of service attracts TDS.
4. What is UAN and why is it important?
UAN (Universal Account Number) is a unique 12-digit number for each EPF member. It remains same across jobs and helps in transferring EPF between employers easily.
5. Is EPF withdrawal taxable?
EPF withdrawal is tax-free if you have completed 5 years of continuous service. Withdrawal before 5 years is taxable and TDS is applicable.
6. Can I contribute more than 12% to EPF?
Yes, you can contribute more through VPF (Voluntary Provident Fund). VPF also earns the same EPF interest rate and has the same tax benefits.
7. What happens to EPF if I die?
Your EPF balance is paid to your nominee (spouse, children, or parents as per nomination). The nominee needs to submit a claim form with death certificate.