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EPF Calculator

Enter your salary, age, and retirement age to calculate your EPF maturity amount including compound interest.

Current EPFO rate: 8.25% p.a.

Enter your details and click "Calculate" to see your EPF maturity amount.

Understanding EPF Growth

15.67% Monthly Contribution

Your EPF account receives 12% from you + 3.67% from employer = 15.67% of basic salary monthly.

Compound Interest Effect

Interest earned at 8.25% p.a. is compounded monthly on your growing balance, accelerating corpus growth.

Tax-Free Withdrawal

EPF withdrawal is completely tax-free after 5 years of continuous service. No tax on contributions, interest, or maturity amount.

Flexible Access Options

Partial withdrawals allowed for home, education, medical, and unemployment. Full withdrawal at age 58 or 5 years service.

EPF vs Other Retirement Products

Product Interest Rate Tax Benefit Accessibility Best For
EPF 8.25% p.a. Sec 80C + Tax-Free Partial Withdrawal Salaried employees
NPS (Tier 1) Variable (6-8%) Sec 80C (₹1.5L) Limited (Age 60) Higher retirement corpus
Fixed Deposits 5-7.5% p.a. No 80C Benefit Instant Access Short-term goals
PPF 7.1% p.a. Sec 80C (₹1.5L) Limited (Age 60) Conservative savers
Stock Market 12%+ (Variable) No Direct 80C Full Flexibility Long-term wealth building

Real-World EPF Scenarios

Scenario 1: Entry-Level Professional (₹25,000/month)
Monthly Salary ₹25,000
Monthly EPF Contribution ₹3,917.50 (15.67%)
Current Age 25 years
Service Period 33 years (until age 58)
Maturity Amount at 58 ₹26,87,934
Total Contributions ₹15,49,470
Interest Earned ₹11,38,464
Scenario 2: Mid-Career Professional (₹60,000/month)
Monthly Salary ₹60,000
Monthly EPF Contribution ₹9,402 (15.67%)
Current Age 35 years
Service Period 23 years (until age 58)
Maturity Amount at 58 ₹34,82,656
Total Contributions ₹25,93,352
Interest Earned ₹8,89,304
Scenario 3: Senior Professional (₹100,000/month)
Monthly Salary ₹100,000 (Note: EPS has wage ceiling)
Monthly EPF Contribution ₹15,670 (12% to EPF due to EPS ceiling)
Current Age 40 years
Service Period 18 years (until age 58)
Maturity Amount at 58 ₹41,27,245
Total Contributions ₹33,80,160
Interest Earned ₹7,47,085

EPF Calculation Formula

This calculator uses the compound interest formula with monthly EPF contributions:

A = P(1 + r/12)^n + C × [((1 + r/12)^n - 1) / (r/12)]

Where:
• A = Final Maturity Amount
• P = Initial Balance (₹0 for new employees)
• r = Annual Interest Rate (8.25% for 2024-25)
• n = Total number of months
• C = Monthly EPF Contribution (15.67% of Basic + DA)

Note: Employer contributes 12% total: 3.67% to EPF + 8.33% to EPS (pension scheme). After ₹15,000 wage ceiling, additional salary is fully contributed to EPF (no EPS cap).

Frequently Asked Questions

Employee Provident Fund (EPF) is a retirement savings scheme in India managed by EPFO. Both employees and employers contribute 12% of basic salary + DA monthly. The fund earns interest (8.25% in 2024) and can be withdrawn at retirement or partial withdrawal in specific situations like home purchase or higher education.

Both contribute 12% of Basic Salary + DA. However, employer's 12% is split: 3.67% goes to EPF account (yours), and 8.33% goes to Employees' Pension Scheme (EPS). So your EPF account receives 12% from you + 3.67% from employer = 15.67% total monthly contribution.

For FY 2024-25, the EPFO interest rate is 8.25% per annum. This rate is declared annually by EPFO and applies to all members. Interest is calculated monthly but credited annually. The rate can vary based on fund performance and market conditions.

Yes, partial withdrawals are allowed: 1) Home purchase: 50% or up to ₹5 lakhs, 2) Education: up to ₹1.5 lakhs, 3) Health: up to 3-6 months salary, 4) Unemployment: after 2 months of job loss. Full withdrawal is only available at age 58 or after 5 years of continuous service.

Yes, EPF withdrawal is completely tax-free if you have 5 years of continuous service. Your contributions are also eligible for Section 80C deduction (up to ₹1.5 lakhs). The interest earned and final maturity amount are tax-free, making EPF one of the most tax-efficient retirement savings.

Your EPF account remains active and continues to earn interest even if you change jobs. Your new employer contributes to the same account (not a new one). The period of service is continuous for withdrawal purposes. You can link accounts using Form 13 if needed.

Interest is calculated monthly on your opening balance using compound interest formula: Interest = Balance × (Rate / 12 / 100). It's added to your principal each month, so you earn interest on interest. Annual interest rate is divided by 12 for monthly calculation.

EPF is mandatory for organizations with 20+ employees. There was a wage ceiling of ₹15,000 until 2014, but now EPF applies to all salary levels regardless of amount. However, EPS (pension part) still has a wage ceiling of ₹15,000 basic + DA, so contributions above that go to EPF only.
EPF Tips
  • 1. Keep Your Account Active: Ensure continuous service to avoid dormancy. Contribute regularly and track your balance through EPFO portal or SMS.
  • 2. Claim Section 80C Deduction: EPF contributions are eligible for tax deduction up to ₹1.5 lakhs annually. Mention it in your tax return for tax savings.
  • 3. Track Interest Rates: EPFO declares new interest rates annually. Visit epfoservices.gov.in to stay updated on current rates and declarations.
  • 4. Plan Withdrawals Wisely: Partial withdrawals reduce your retirement corpus. Use them only for genuine needs like home purchase or education.
  • 5. Link Accounts When Changing Jobs: Submit Form 13 to EPFO to link accounts from previous employers. This ensures continuity of service.
  • 6. Plan Beyond EPF: EPF alone may not be sufficient for retirement. Supplement with NPS, investments, or other retirement products for adequate corpus.
Learn More
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Important Disclaimer

This EPF calculator provides estimates for educational purposes only. Actual EPF maturity amounts depend on salary changes, interest rate variations, service continuity, and partial withdrawals. The EPFO interest rate may change annually. Please verify calculations with official EPFO statements and consult a financial advisor for retirement planning.