EPF Calculator India

Calculate Employee Provident Fund corpus and pension benefits

EPF Calculator India

Calculate Employee Provident Fund corpus, pension benefits, and plan your retirement. Know tax benefits and optimal contribution strategy.

EPF Investment Details

Monthly basic salary (EPF applicable on basic + DA)

Existing balance in EPF account

Monthly voluntary contribution (VPF)

%

Annual salary increment rate

%

Current EPF rate: 8.25% (FY 2023-24)

EPF Maturity Results

Total EPF Corpus

₹1,68,37,085

After 28 years

Total Contributions

₹55,91,011

Employee + Employer + VPF + Current

Interest Earned

₹1,12,46,074

@ 8.25% compound interest

Monthly Pension (EPS)

₹6,000

After 28 years service

Monthly Contributions

Employee Contribution

₹6,000

12% of basic salary

Employer Contribution

₹1,835

3.67% to EPF (8.33% to EPS)

Total Monthly

₹7,835

Combined monthly contribution

Tax Benefits (Annual)

Section 80C deduction₹72,000
Tax savings @ 30%₹21,600
Interest growthTax-free
At maturityTax-free

Frequently Asked Questions

How is EPF contribution calculated in India?

EPF contribution is 12% of basic salary + DA from both employee and employer. Employee contribution goes entirely to EPF account, while employer contribution is split: 3.67% to EPF and 8.33% to EPS (pension). Total 15.67% goes to your EPF account.

What is VPF and how does it benefit me?

VPF (Voluntary Provident Fund) allows you to contribute more than the mandatory 12%. You can contribute any amount above 12%, which earns the same EPF interest rate and enjoys similar tax benefits, helping build a larger retirement corpus.

When can I withdraw my EPF amount?

You can withdraw full EPF at age 58 or retirement. Partial withdrawals (50-75%) are allowed for specific purposes like home purchase, marriage, medical emergency. Job change allows transfer or withdrawal after 60 days unemployment.

What are the tax benefits of EPF investment?

EPF offers EEE (Exempt-Exempt-Exempt) tax status: contributions up to ₹1.5 lakh qualify for 80C deduction, interest earned is tax-free, and maturity amount is completely tax-free if employed for 5+ years.

How is EPS pension calculated and when does it start?

EPS pension formula: (Pensionable service × Pensionable salary) ÷ 70. Pension starts at age 50 (reduced rate) or 58 (full rate). Pensionable salary is capped at ₹15,000 per month, and maximum service considered is 35 years.