What is an EPF calculator?
An EPF calculator estimates how much money will build up in your Employees' Provident Fund account by the time you retire. Enter your basic salary plus DA, your age, your existing EPF balance and the salary increment you expect, and this EPF calculator India tool projects your contributions, your employer's share and the interest year by year. It uses the latest declared EPF interest rate of 8.25% (FY 2025-26, notified by EPFO in 2026) and the contribution rules current as of September 2026.
What is EPF and what is EPFO?
EPF is a compulsory retirement savings scheme for salaried employees in India, run by the Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour. It covers every establishment with 20 or more employees. Each member gets a 12-digit Universal Account Number (UAN) that stays the same across jobs. EPF has two parts: the EPF account, which earns interest, and the Employees' Pension Scheme (EPS), which pays a monthly pension after 58.
How is EPF calculated? Contribution split
| Contribution | Rate | Goes to |
|---|---|---|
| Employee | 12% of basic + DA | EPF account |
| Employer – pension | 8.33% of basic + DA, capped at ₹15,000 wage (max ₹1,250/month) | EPS |
| Employer – provident fund | 12% minus the EPS share (3.67% if basic ≤ ₹15,000) | EPF account |
| Employer – EDLI and admin | 0.5% + 0.5% | Insurance and charges (not in your balance) |
If your basic + DA is above ₹15,000, your employer may deduct PF on the full salary or only on the ₹15,000 ceiling. Choose the option that matches your salary slip. Under the new labour codes, wages for PF must be at least 50% of total pay, which has raised PF deductions for many employees.
EPF calculation formula
Closing balance = Opening balance + Contributions for the year + Interest
Monthly interest = Running balance × (Annual rate ÷ 12)
EPFO calculates interest on the monthly running balance, adds up the 12 months, and credits it once at the end of the financial year. The calculator follows the same method. The EPF interest rate is 8.25% a year, which is about 0.6875% a month.
EPF calculation example
Suppose your basic + DA is ₹30,000 a month, PF is deducted on the full basic and the rate is 8.25%:
- Your contribution: 12% × 30,000 = ₹3,600 a month.
- Employer to EPS: 8.33% × 15,000 = ₹1,250 a month.
- Employer to EPF: 3,600 − 1,250 = ₹2,350 a month.
- Total into your EPF account: ₹5,950 a month.
Interest in the first month on ₹5,950 is 5,950 × 8.25% ÷ 12 = ₹40.91. If you are 30 with ₹2 lakh already saved, a 5% yearly increment and you retire at 58, the default values above show an EPF corpus of about ₹1.5 crore, of which roughly ₹1 crore is interest.
How to use this EPF calculator with existing balance
- Enter your monthly basic salary + DA from your payslip.
- Enter your current age and retirement age (58 is the EPF retirement age; you can keep the account till 60).
- Enter your current EPF balance from the EPFO passbook or UMANG app (employee + employer share, not the pension share).
- Set an expected yearly increment and the interest rate.
- Add a VPF percentage if you contribute extra voluntarily.
EPF calculator with VPF
Voluntary Provident Fund lets you put more than 12% of basic into EPF, up to 100% of basic + DA. VPF earns the same 8.25% and is part of Section 80C under the old regime. Your employer does not match VPF. A 10% VPF on a ₹30,000 basic adds ₹3,000 a month and can grow into a large extra sum over 25 years.
EPF interest rate history
| Financial year | Rate |
|---|---|
| 2025-26 | 8.25% |
| 2024-25 | 8.25% |
| 2023-24 | 8.25% |
| 2022-23 | 8.15% |
| 2021-22 | 8.10% |
| 2020-21 | 8.50% |
How to calculate EPF pension (EPS)
Monthly pension = Pensionable salary × Pensionable service ÷ 70
Pensionable salary is the average of the last 60 months' salary, capped at ₹15,000 (unless you opted for the higher pension). You need at least 10 years of service, and full pension starts at 58. With 28 years of service: 15,000 × 28 ÷ 70 = ₹6,000 a month. Two bonus years are added if service is 20 years or more; the calculator leaves that out to stay conservative. The minimum EPS pension is ₹1,000 a month.
Is EPF tax-free?
- Contributions: your 12% counts for Section 80C under the old regime. The employer's share is tax-free up to a combined ₹7.5 lakh a year (EPF + NPS + superannuation).
- Interest: tax-free, except interest on your own contributions above ₹2.5 lakh a year (₹5 lakh if the employer does not contribute), which is taxable every year.
- Withdrawal: tax-free after 5 years of continuous service. Withdrawals before 5 years are taxable and TDS may apply.
EPF withdrawal rules
You can withdraw the full balance at retirement (58), or after two months of unemployment. Partial withdrawals are allowed for a house, medical treatment, education and marriage. Always transfer your EPF when you change jobs instead of withdrawing – the balance keeps compounding and the 5-year tax clock continues.
EPF vs PPF vs NPS
EPF gives a guaranteed, government-set return with an employer match. PPF (7.1%) suits self-employed people and has a 15-year lock-in; see the PPF calculator. NPS invests partly in equity and can earn more over long periods; see the NPS calculator. To check whether EPF alone is enough, use the retirement calculator.
EPF calculator formula and how EPF interest is calculated
The EPF calculator formula works month by month: each month, add your 12% and the employer's 3.67% (the rest of the employer's 12% goes to EPS) to the balance; interest for the month = running balance × annual rate ÷ 12. The monthly interest is added up and credited once a year on 31 March, so an EPF interest calculator yearly view shows one interest credit per year, and interest compounds from the next year. That is how EPF interest is calculated by EPFO, and this EPF calculator follows the same method.
EPF calculator interest rate and dividend history
The EPF calculator interest rate is set by EPFO each year: 8.10% for FY 2021-22, 8.15% for FY 2022-23 and 8.25% for FY 2023-24, FY 2024-25 and FY 2025-26. Some people search for an "EPF calculator dividend" because Malaysia's EPF pays a yearly dividend; in India it is called interest, and the rate history above is the Indian equivalent of a dividend history.
EPF calculator for 10, 20 and 30 years
Examples with basic + DA of ₹30,000 a month, PF on full basic, 8.25% interest and a 5% yearly salary increase, retiring at 58:
| Years to retirement | Existing balance ₹2 lakh | No balance, no increase |
|---|---|---|
| 10 years | ₹18.24 lakh | ₹10.93 lakh |
| 20 years | ₹64.27 lakh | – |
| 28 years | ₹1.50 crore | – |
| 30 years | ₹1.82 crore | ₹88.47 lakh |
The EPF calculator for 30 years shows why salary increases matter: with the same starting salary, a 5% yearly raise roughly doubles the corpus compared with a flat salary. An EPF calculator for 10 years is dominated by the existing balance and contributions, because compounding has less time to work.
Calculate EPF maturity amount with current balance
To calculate the EPF maturity amount, enter the balance shown in your EPFO passbook as the current balance – this makes it an EPF calculator considering current balance, so past contributions keep earning interest in the projection. The EPF calculator for India with current balance then adds future monthly contributions and interest until your retirement age.
EPF calculator monthly and yearly contributions
An EPF calculator based on monthly contribution uses 12% of basic + DA from you and 3.67% from your employer into EPF each month. On a ₹30,000 basic that is ₹3,600 + ₹2,350 = ₹5,950 a month, or ₹71,400 a year. The EPF calculator monthly and PF calculator yearly figures are the same money seen two ways; interest is still worked out monthly and credited yearly.
EPF calculator with voluntary contribution (VPF)
Use the VPF field as an EPF calculator with voluntary contribution: VPF earns the same 8.25%, but only the employer's matching 12% is compulsory. Adding 10% VPF in the example above raises the corpus at 58 from ₹1.50 crore to about ₹2.11 crore. Interest on your own contributions above ₹2.5 lakh a year (₹5 lakh if the employer does not contribute) is taxable.
EPF calculator for private employees and government employees
EPF is compulsory for private employees in establishments with 20 or more staff whose basic + DA is up to ₹15,000, and most companies extend it to everyone. The EPF calculator for private employees here assumes 12% + 12%. An EPF calculator for government employees works differently: central government staff joined after 2004 are in NPS (or UPS), and older staff use the General Provident Fund (GPF), where only the employee contributes and the rate is 7.1%. Some PSUs and autonomous bodies do use EPF, where this calculator applies.
EPF EPS calculation formula and pension
The EPF EPS calculation formula for the pension is: monthly pension = pensionable salary × pensionable service ÷ 70, where pensionable salary is the average of the last 60 months, capped at ₹15,000 unless you opted for higher pension. With 35 years of service, pension = 15,000 × 35 ÷ 70 = ₹7,500 a month. The EPF calculator pension part (8.33% of up to ₹15,000, i.e. ₹1,250 a month) goes into EPS and is not part of the EPF lumpsum at retirement. The EPF calculator lumpsum is the EPF balance only; EPS is paid monthly from age 58.
EPF calculator kya hota hai?
EPF calculator ek online tool hai jo batata hai ki retirement tak aapke PF khaate mein kitna paisa jama hoga. Aap basic salary + DA, umar, maujooda PF balance, salary badhne ki dar aur byaj dar daalte hain; calculator har mahine ka yogdaan aur byaj jodkar retirement par kul rakam dikhata hai.
EPF calculator for Sri Lanka, Nepal, Malaysia (KWSP) and Qatar
Other countries run their own provident funds with different rates, so change the contribution assumptions before using this page. In Sri Lanka, the EPF takes 8% from the employee and 12% from the employer. In Nepal, the Employees Provident Fund takes 10% from each side. Malaysia's EPF (KWSP) takes 11% from employees and 12–13% from employers and pays a yearly dividend; SOCSO is a separate social security scheme, not a savings fund. A PF calculator for Qatar does not apply to most private-sector expatriates, who receive end-of-service gratuity instead of a provident fund.
Free EPF calculator 2026: this page is free, needs no login and uses the latest declared rate.
Frequently asked questions
What is the EPF interest rate for 2025-26?
EPFO declared and notified 8.25% a year for FY 2025-26, the same as the previous two years.
How is EPF interest calculated?
Interest is calculated every month on the running balance at the annual rate ÷ 12, added up for the year and credited to your account at the end of the financial year.
How much PF is deducted from salary?
12% of your basic + DA. Your employer adds 12% too, of which 8.33% (up to ₹1,250 a month) goes to the pension scheme and the rest to your EPF account.
What is the difference between EPF and EPS?
EPF is your savings account that earns interest and is paid as a lump sum. EPS is a pension scheme funded by part of the employer contribution that pays a monthly pension from age 58 after at least 10 years of service.
Can I use the EPF calculator with my current balance?
Yes. Enter your current EPF balance from the EPFO passbook and the calculator adds future contributions and interest on top of it.
Is EPF interest taxable?
Interest is tax-free except on your own contributions above ₹2.5 lakh a year (₹5 lakh for non-matching employers), which is taxed each year.
What are EPF wages?
EPF wages are basic pay plus dearness allowance and retaining allowance. Under the new labour codes they must be at least 50% of total pay.
How is EPF interest calculated?
Interest is worked out every month on the running balance at the annual rate ÷ 12, added up for the year and credited on 31 March. The rate for FY 2025-26 is 8.25%.
What is the EPS pension formula?
Monthly pension = pensionable salary (average of the last 60 months, usually capped at ₹15,000) × years of service ÷ 70. With 35 years that is ₹7,500 a month.
Can I use this EPF calculator with my current balance?
Yes. Enter the balance from your EPFO passbook; the calculator grows it with interest and adds future contributions until retirement.
Last updated 2026-09-18