EPF Calculator

The EPF Calculator is a free online tool that projects the total Provident Fund corpus you will have accumulated by retirement — including your contribution, your employer's EPF share, and the interest earned over your career.

₹
Yr
%
%
%
EPF Maturity
You will have accumulated
₹ 0
By the time you retire
Your total contribution₹ 0
Employer EPF contribution (3.67%)₹ 0
Total interest earned₹ 0

Includes your contribution plus the employer's 3.67% EPF share. The employer's 8.33% EPS (pension) portion is not part of this withdrawable corpus.

What is EPF?

EPF is designed for retirement, however partial withdrawals are permitted for specified purposes like as housing, medical emergency, and education. You may check your balance online and file claims via the EPFO site.Employees' Provident Fund (EPF) is a government-sponsored retirement savings plan for salaried employees in India. You contribute 12% of your base income each month, and your employer matches that amount. The amount generates interest each year and builds into a sizable sum that you can remove at retirement.

This EPF Calculator projects how large that corpus will become by the time you retire, based on your current salary, age, contribution rate, expected annual increments, and the EPF interest rate.

How to Use This EPF Calculator

  1. Enter your basic salary. Use your monthly basic pay (EPF is calculated on basic, not your full CTC).
  2. Set your current age. The tool projects your balance up to the retirement age of 60.
  3. Set your contribution rate. The standard employee contribution is 12%. You can raise it to model a Voluntary Provident Fund (VPF) top-up.
  4. Add your expected annual increase. Your salary growth compounds your contributions over time, so this materially changes the result.
  5. Adjust the interest rate. It defaults to the recent EPFO rate (~8.25%); change it to test different scenarios.

The result panel shows your projected maturity amount, split into your contribution, your employer's EPF share, and the interest earned — so you can see exactly how the corpus is built.

How Your EPF Corpus Is Built

Your EPF balance grows from three sources:

  • Your contribution — 12% of basic salary each month (or more, if you opt for VPF).
  • Employer's EPF share — of the employer's 12%, about 3.67% goes into your EPF account. The remaining 8.33% goes to the Employees' Pension Scheme (EPS), which is a separate pension benefit and not part of this withdrawable corpus.
  • Interest — the EPFO declares a rate each year (recently around 8.25%), calculated on your monthly running balance. Over a long career, compounding interest usually becomes the largest part of your final corpus.

For more on how contributions are split, see our guide to the EPF contribution rate and the EPFO overview.

Accessing and Withdrawing Your EPF

EPF is designed for retirement, however partial withdrawals are permitted for specified purposes like as housing, medical emergency, and education. You may check your balance online and file claims via the EPFO site.

Learn more about the process in our guides on PF withdrawal and how to check your EPF balance online.

Plan the Rest of Your Salary

EPF is one deduction from your pay. To see your full take-home after all deductions and taxes, use our CTC Calculator. If you run payroll for a team, TankhaPay's payroll software calculates EPF, ESI, and tax automatically for every employee.

FAQs

01. What is EPF and how does it work?

EPF (Employees' Provident Fund) is a retirement savings scheme where you contribute 12% of your basic salary each month and your employer contributes a matching 12%. The money earns interest every year and builds into a lump sum you can withdraw at retirement.

Yes. The employer contributes 12% of your basic salary. Of that, 3.67% goes into your EPF account and the remaining 8.33% goes to the Employees' Pension Scheme (EPS). This calculator includes the employer's 3.67% EPF share in your corpus but excludes the EPS pension portion.

The EPF interest rate is set by the EPFO each year and has recently been around 8.25%. The calculator defaults to this rate, but you can change it to model different scenarios.

Interest is calculated on your monthly running balance at the declared annual rate and credited to your account each year. Over a long period, this compounding is what turns regular contributions into a large retirement corpus.

Yes, through the Voluntary Provident Fund (VPF) you can contribute more than 12% of your basic salary. The employer is not obliged to match the extra amount, but your additional contribution earns the same EPF interest rate.

Yes. The EPF Calculator is completely free, requires no login, and lets you adjust your salary, age, contribution rate, expected hike, and interest rate to project your retirement corpus.