EPF Calculator (India)
EPF Calculator (India)
EPF (Employee Provident Fund) is India's mandatory retirement scheme. Both you and your employer contribute 12% of basic salary; the balance earns government-declared interest (8.25% for FY 2024-25). On retirement you get a tax-free lump sum.
Outside India, similar schemes include 401(k) in the USA, Workplace Pension in the UK, betriebliche Altersvorsorge in Germany, Plan Épargne Retraite in France and Previdência Privada in Brazil — but the contribution rules differ.
EPF Corpus at Retirement
₹1.78 Cr
₹1,78,15,429
Your Total Contribution
₹48.94 L
Employer Total Contribution
₹14.97 L
Total Interest Earned
₹1.14 Cr
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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.
