Support ToolSnak’s Mission
ToolSnak is completely free — no sign-ups, no limits. Enjoy AI writing tools, OCR, and more with zero hassle. Want to help us grow? We love your support. Thank you!
How much did you enjoy EPF Calculator (India)?
Related Tools
Not Found
How EPF Works in India
Both employee and employer contribute 12% of basic salary + DA. The full 12% from the employee goes into EPF. From the employer's 12%, only 3.67% goes into EPF — the remaining 8.33% is split into EPS (Employee Pension Scheme), capped at ₹15,000 basic.
The combined balance earns interest at the rate declared by EPFO each year (8.25% for FY 2024-25). Interest is credited at year-end and the entire corpus is tax-free at retirement under Section 10(11)/(12).
Tips to Maximise Your EPF Corpus
Opt for Voluntary Provident Fund (VPF) — same interest rate, no upper cap on contribution, fully tax-free.
Avoid premature withdrawals; once you withdraw before 5 years, the amount becomes taxable.
Track your UAN (Universal Account Number) — it consolidates EPF across employers.
