PF (Provident Fund) Calculator
Calculate EPF contributions, EPS amount and projected maturity value at retirement
PF Details
Monthly Basic Salary (₹)
₹
Employee Contribution %
%
Annual Interest Rate (%)
%
Years of Service
yrs
PF Calculation Rules
Employee EPF = 12% of Basic (full amount)
Employer EPF = 3.67% of Basic
Employer EPS = 8.33% of Basic (max ₹1,250/month)
Maturity = FV of monthly contributions at rate r for n years
Maturity Value
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Interest
Total Invested
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Interest Earned
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Monthly Employee PF
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Monthly Employer PF
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EPF + EPS
Employer EPF (3.67%)
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Employer EPS (8.33%)
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Max ₹1,250/month
Annual PF Summary
| Annual Employee PF | — |
| Annual Employer EPF | — |
| Annual Employer EPS | — |
| Total Annual PF | — |
| Maturity Value (8.15% p.a.) | — |
| Total Amount Invested | — |
| Interest Earned | — |
What is a PF (EPF) Calculator?
The Employee Provident Fund (EPF) is a government-mandated retirement savings scheme. Both employee and employer contribute 12% of the employee's Basic + DA. Of the employer's 12%, only 3.67% goes into the EPF account — the remaining 8.33% goes to EPS (Employee Pension Scheme), subject to a ₹15,000 ceiling.
EPF earns interest at rates declared annually by EPFO (currently 8.25% p.a.). It is one of the safest long-term savings instruments with tax-free returns under EEE status — contributions, interest, and withdrawals are all tax-exempt subject to conditions.
lightbulb Example Calculation
Scenario: Ms. Priya Reddy, Software Engineer at HCL, Hyderabad — Basic Salary ₹40,000/month, wants to calculate her EPF corpus after 5 years of service
1Employee contribution = 12% × ₹40,000 = ₹4,800/month | Employer EPF = 3.67% × ₹40,000 = ₹1,468/month
2Total monthly EPF deposit = ₹4,800 + ₹1,468 = ₹6,268/month
3Over 5 years at 8.25% interest: Approximate corpus ≈ ₹6,268 × 12 × 5 × (compound factor) ≈ ₹4.65 Lakhs
✓ Result: Priya accumulates ~₹4.65 Lakhs in her EPF account after 5 years. Employer also contributes ₹2,933/month to her EPS pension scheme.
help_outlineHow to Use the PF Calculator
- Enter your monthly basic salary + DA — PF is calculated on Basic Salary plus Dearness Allowance (not CTC or gross salary).
- Employee contribution is 12% by default — you can increase this for VPF (Voluntary PF) contributions up to 100% of basic.
- Employer contribution is 12% by default — of this, 3.67% goes to EPF and 8.33% to EPS (capped at ₹1,250/month).
- The current EPFO interest rate (8.15%) is pre-filled — update if EPFO announces a revision.
- Enter your expected years of service, then click Calculate PF to see monthly contributions and projected maturity value.
Benefits
- EEE status — contributions deductible under 80C, interest tax-free, withdrawal tax-free (after 5 years)
- Employer contributes 12% matching — doubles your savings at no extra cost to you
- Current 8.15% EPFO rate is competitive with bank FDs and completely government-backed
- VPF allows voluntary contributions above 12% at the same tax-free rate
- Partial withdrawals allowed for housing, medical, education, and marriage emergencies
Key Terms
- EPF (Employee Provident Fund)
- The main savings component — employee's 12% + employer's 3.67% go into EPF account, earning EPFO-declared interest (currently 8.15% p.a.).
- EPS (Employee Pension Scheme)
- Employer's 8.33% contribution (max ₹1,250/month) goes to EPS — this funds your pension after retirement, provided you have 10+ years of service.
- VPF (Voluntary Provident Fund)
- Additional voluntary contributions above the mandatory 12% — earns the same EPFO rate with the same EEE tax status. Ideal for tax-efficient retirement savings.
- UAN (Universal Account Number)
- A 12-digit unique number assigned to each EPF member — portable across employers. Link Aadhaar and bank account to UAN for seamless EPF management.
- Wage Ceiling
- EPS contribution is capped at 8.33% of ₹15,000 = ₹1,250/month regardless of actual salary. Higher earners get more allocated to EPF instead.
quizFrequently Asked Questions
What happens to my EPF when I change jobs?
Your EPF account is linked to your UAN — it's fully portable across employers. When joining a new employer, provide your existing UAN. The new employer deposits contributions to the same account. Never withdraw EPF when changing jobs — it disrupts decades of compounding and triggers tax liability.
When can I withdraw my full EPF corpus?
You can withdraw the full EPF amount after retirement (age 58) or after remaining unemployed for 2 consecutive months. Partial withdrawals (non-refundable advances) are allowed for specific life events: house purchase/construction (after 5 years), medical treatment (anytime), children's education (after 7 years), and marriage (after 7 years).
Is EPF interest taxable?
EPF interest is tax-free for employee contributions up to ₹2.5 lakh per year (₹5 lakh for government employees). Contributions and interest above this limit became taxable from FY 2021-22. EPF withdrawals before completing 5 years of service are also fully taxable as salary income and attract TDS.
What is the difference between EPF and EPS?
EPF is the savings/investment component — both employee (12%) and part of employer (3.67%) contribute, and it earns EPFO interest. EPS is the pension component — only employer contributes (8.33%, capped at ₹1,250/month). EPS doesn't earn interest; it qualifies you for a monthly pension after 10 years of service and retirement.
Can I contribute more than 12% to PF voluntarily?
Yes, through VPF (Voluntary Provident Fund). You can contribute up to 100% of basic salary to VPF — it earns the same EPFO rate (8.15%) and has EEE tax status. However, contributions above ₹2.5 lakh/year (employee's share combined EPF + VPF) earned taxable interest from FY 2021-22.
How do I check my EPF balance?
Login to the EPFO member portal (epfindia.gov.in) or the UMANG mobile app using your UAN and registered mobile number. You can check balance, download a digitally signed passbook, view claim status, and initiate withdrawals online. Ensure your Aadhaar, PAN, and bank account are linked to your UAN for seamless transactions.