EPF Calculator for India
Calculate employee contributions to the Employee Provident Fund (EPF): 12% employee + 12% employer (3.67% EPF + 8.33% EPS). Project pension corpus at current EPF interest rate (8.25% FY 2024-25).
Salary Details and Service
Monthly Contributions
Division of the corpus
Come utilizzare Calcolatore EPF India
Insert your basic salary plus DA
Basic Salary + Dearness Allowance (DA) - Enter your monthly basic salary + DA (not gross salary).
Set your age and retirement age
Insert your current age and expected retirement age. The standard pension age in India is 58 years. The calculator projects the corpus for the period between these ages.
Insert existing EPF balance
If you have an existing EPF balance (from previous jobs or current one), enter it here. It will be capitalized together with new contributions.
Review contribution allocation and projected corpus
View employee monthly contribution (12%), employer's EPF (3.67%), employer's EPS (8.33%), and projected pension corpus.
Suggerimenti
- Contribute to your Voluntary Provident Fund (VPF) beyond 12% to boost your pension corpus - same interest rate applies to EPF.
- Transfer your EPF balance when changing jobs using your UAN to avoid interest loss and continuity of service.
- Contribute before age 5 of continuous service are subject to a 10% TDS (30% without PAN). Plan your contributions carefully.
- Pension formula: Monthly pension = (Allowable income x Service period) / 70. Higher allowance and service periods increase the pension.
Domande frequenti
What is EPF and who is eligible?
EPF (Employee Provident Fund) is a government-mandated retirement savings scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. It is mandatory for establishments with 20 or more employees. Employees earning up to ₹15,000/month basic salary must contribute; those earning more can voluntarily join.
How is the EPF contribution split?
The employee contributes 12% of Basic + DA. The employer also contributes 12%, split into 3.67% to the EPF account and 8.33% to the EPS (Employee Pension Scheme). The EPS contribution is capped at ₹15,000 basic salary (so max EPS = ₹1,250/month). EDLI insurance and admin charges add ~1% to employer cost.
What is the current EPF interest rate?
The EPF interest rate is declared annually by the EPFO (Employees' Provident Fund Organisation). For FY 2024-25, the rate is 8.25% per annum. Interest is calculated monthly on the running balance but credited at the end of the financial year.
When can I withdraw EPF?
Full EPF withdrawal is allowed on retirement (age 58), or after 2 months of unemployment. Partial withdrawals are permitted for specific purposes: home purchase, medical emergency, education, or marriage. Tax-free withdrawal requires at least 5 continuous years of service.
What is EPS and how is it different from EPF?
EPS (Employee Pension Scheme) is funded by the employer's 8.33% contribution (capped at ₹1,250/month). Unlike EPF, EPS does not accumulate a corpus - it provides a monthly pension after age 58 if you have completed 10 years of service. The pension amount is calculated as: Pensionable Salary x Pensionable Service / 70.