Govt Scheme Calculator
EPF Calculator
Project your Employee Provident Fund corpus at retirement, accounting for salary hikes.
What is EPF?
An EPF calculator estimates the retirement corpus from the Employees' Provident Fund. You and your employer each contribute 12% of basic salary; employer's 3.67% lands in EPF and 8.33% in EPS.
Formula
Monthly EPF contribution = Basic × 12% (you) + Basic × 3.67% (employer). Interest compounded annually at the declared EPF rate.
Worked example
₹
A ₹40,000 basic salary with 8% annual hikes over 25 years at 8.25% EPF rate builds a ~₹1.5 crore corpus.
Frequently asked questions
What's the current EPF interest rate?
8.25% for FY 2023-24. Declared annually by EPFO, approved by the Ministry of Finance.
Is EPF tax-free?
Yes on withdrawal after 5 years of service (EEE status). Withdrawals before 5 years are taxed.
Can I withdraw EPF before retirement?
Partial withdrawals are allowed for home purchase, marriage, medical emergencies, etc. Full withdrawal only on retirement or 2 months unemployment.