EPF Calculator
Track your retirement nest egg. Calculate how much your Employee Provident Fund will grow by the time you retire.
EPF Calculator
Employees' Provident Fund
Employee Share
₹0
Employer Share
₹0
Total Interest
₹0
Total Corpus
₹0
Understanding EPF (Employee Provident Fund)
EPF is a mandatory savings scheme managed by the EPFO (Employees' Provident Fund Organisation). It is designed to help employees save a fraction of their salary every month to be used in the event that they are unable to work, or upon retirement.
Compulsory Savings
Since the contribution is deducted directly from the salary, it enforces a disciplined saving habit. The employer's matching contribution is an added benefit.
Tax Benefits
Employee contributions are eligible for tax deduction under Section 80C. The interest earned and the maturity amount are also tax-free (subject to conditions).
Calculation Logic
The EPF corpus is built through monthly contributions and annual interest credits.
Monthly Contribution:
Employee Share = 12% of (Basic + DA)
Employer Share to EPF = 3.67% of (Basic + DA)
Employer Share to EPS = 8.33% of (Basic + DA) [Capped at ₹1,250/month]
Interest Calculation:
Interest is calculated on the monthly running balance but credited annually.
Note: The calculator assumes the interest rate remains constant throughout the tenure for estimation purposes, although in reality, it is revised annually by the EPFO.
How the Calculator Works
- Basic Salary: The calculation is based on your Basic Salary + Dearness Allowance.
- Age: Your current age and retirement age determine the tenure of investment.
- Increment: We assume a yearly increase in salary to give a realistic estimate.
- Interest: The accumulated corpus earns compound interest annually.