Employee Provident Fund (EPF) Savings Calculator
Project your retirement savings corpus based on employee & employer provident fund contributions and historical interest rates.
Provident Fund Projections
Your retirement savings balance from monthly payroll deductions:
Employee Contributions
The cumulative 12% basic salary deducted from your pay.
Employer Contribution
The 3.67% basic salary portion matching your deposit in the EPF account.
Accumulated Interest
Compound interest paid annually by EPFO.
How is it calculated?
EPF\,Balance = Prev\,Bal + (Empl\,Contr + Emplr\,Contr\,PF) + InterestEmployee contributes 12% of basic salary. Employer matches, with 3.67% going to EPF and 8.33% going to EPS (Pension Scheme). Interest is credited annually.
Worked Examples
EPF Growth with ₹15,000 Basic Salary
With a basic salary + DA of ₹15,000, 12% contribution is ₹1,800/month. Over 25 years with annual salary increases, this builds a retirement wealth of over ₹35 Lakhs.
EPF with ₹50,000 Basic Salary
Monthly contribution of ₹6,000. Over 20 years at a 8.15% interest rate, this yields a retirement savings of over ₹45 Lakhs.
Employee Provident Fund (EPF) Rules & Projections
What is the Employee Provident Fund (EPF)?
The Employee Provident Fund (EPF) is a mandatory savings scheme for salaried employees in India, managed by the EPFO. Both the employee and the employer contribute 12% of the employee's basic salary and dearness allowance monthly to the fund.
The accumulated amount earns interest annually at a rate declared by the government, building a retirement corpus.
EPF Allocation: EPF vs. EPS
The employer's 12% contribution is split:
- 3.67% goes directly to the employee's EPF account.
- 8.33% goes to the Employee Pension Scheme (EPS), subject to a wage ceiling of ₹15,000.
The employee's 12% contribution goes entirely to the EPF account.
Frequently Asked Questions
Is EPF interest taxable?
How do I check my EPF balance?
Results are estimates and should not be considered financial advice.