EPF Calculator
Calculate your Employee Provident Fund corpus at retirement and see how employee and employer contributions grow over time.
₹50,000
₹5,000₹2L
12%
1%12%
₹0
₹0₹50L
25
1857
8.3%
1%15%
Total₹1.7Cr
Invested0%
Returns100%
Monthly Employee
₹6,000
Monthly Employer EPF
₹4,750
Total Interest
₹1,72,07,490
Corpus at 58
₹2,14,64,490
EPF Corpus Growth
₹2,14,64,490
| Year | Contributions | Corpus |
|---|---|---|
| 26 | ₹1,29,000 | ₹1,39,643 |
| 27 | ₹2,58,000 | ₹2,90,806 |
| 28 | ₹3,87,000 | ₹4,54,440 |
| 29 | ₹5,16,000 | ₹6,31,574 |
| 30 | ₹6,45,000 | ₹8,23,321 |
| 31 | ₹7,74,000 | ₹10,30,887 |
| 32 | ₹9,03,000 | ₹12,55,578 |
| 33 | ₹10,32,000 | ₹14,98,806 |
| 34 | ₹11,61,000 | ₹17,62,100 |
| 35 | ₹12,90,000 | ₹20,47,116 |
| 36 | ₹14,19,000 | ₹23,55,646 |
| 37 | ₹15,48,000 | ₹26,89,629 |
| 38 | ₹16,77,000 | ₹30,51,166 |
| 39 | ₹18,06,000 | ₹34,42,530 |
| 40 | ₹19,35,000 | ₹38,66,181 |
| 41 | ₹20,64,000 | ₹43,24,783 |
| 42 | ₹21,93,000 | ₹48,21,220 |
| 43 | ₹23,22,000 | ₹53,58,613 |
| 44 | ₹24,51,000 | ₹59,40,341 |
| 45 | ₹25,80,000 | ₹65,70,062 |
| 46 | ₹27,09,000 | ₹72,51,735 |
| 47 | ₹28,38,000 | ₹79,89,646 |
| 48 | ₹29,67,000 | ₹87,88,434 |
| 49 | ₹30,96,000 | ₹96,53,122 |
| 50 | ₹32,25,000 | ₹1,05,89,147 |
| 51 | ₹33,54,000 | ₹1,16,02,394 |
| 52 | ₹34,83,000 | ₹1,26,99,234 |
| 53 | ₹36,12,000 | ₹1,38,86,563 |
| 54 | ₹37,41,000 | ₹1,51,71,847 |
| 55 | ₹38,70,000 | ₹1,65,63,167 |
| 56 | ₹39,99,000 | ₹1,80,69,271 |
| 57 | ₹41,28,000 | ₹1,96,99,628 |
| 58 | ₹42,57,000 | ₹2,14,64,490 |
| Year | Age | Employee | Employer | Interest | Balance |
|---|---|---|---|---|---|
| 1 | 26 | ₹72,000 | ₹57,000 | ₹10,643 | ₹1,39,643 |
| 2 | 27 | ₹72,000 | ₹57,000 | ₹22,163 | ₹2,90,806 |
| 3 | 28 | ₹72,000 | ₹57,000 | ₹34,634 | ₹4,54,440 |
| 4 | 29 | ₹72,000 | ₹57,000 | ₹48,134 | ₹6,31,574 |
| 5 | 30 | ₹72,000 | ₹57,000 | ₹62,747 | ₹8,23,321 |
| 6 | 31 | ₹72,000 | ₹57,000 | ₹78,566 | ₹10,30,887 |
| 7 | 32 | ₹72,000 | ₹57,000 | ₹95,691 | ₹12,55,578 |
| 8 | 33 | ₹72,000 | ₹57,000 | ₹1,14,228 | ₹14,98,806 |
| 9 | 34 | ₹72,000 | ₹57,000 | ₹1,34,294 | ₹17,62,100 |
| 10 | 35 | ₹72,000 | ₹57,000 | ₹1,56,016 | ₹20,47,116 |
| 11 | 36 | ₹72,000 | ₹57,000 | ₹1,79,530 | ₹23,55,646 |
| 12 | 37 | ₹72,000 | ₹57,000 | ₹2,04,983 | ₹26,89,629 |
| 13 | 38 | ₹72,000 | ₹57,000 | ₹2,32,537 | ₹30,51,166 |
| 14 | 39 | ₹72,000 | ₹57,000 | ₹2,62,364 | ₹34,42,530 |
| 15 | 40 | ₹72,000 | ₹57,000 | ₹2,94,651 | ₹38,66,181 |
| 16 | 41 | ₹72,000 | ₹57,000 | ₹3,29,602 | ₹43,24,783 |
| 17 | 42 | ₹72,000 | ₹57,000 | ₹3,67,437 | ₹48,21,220 |
| 18 | 43 | ₹72,000 | ₹57,000 | ₹4,08,393 | ₹53,58,613 |
| 19 | 44 | ₹72,000 | ₹57,000 | ₹4,52,728 | ₹59,40,341 |
| 20 | 45 | ₹72,000 | ₹57,000 | ₹5,00,721 | ₹65,70,062 |
| 21 | 46 | ₹72,000 | ₹57,000 | ₹5,52,673 | ₹72,51,735 |
| 22 | 47 | ₹72,000 | ₹57,000 | ₹6,08,911 | ₹79,89,646 |
| 23 | 48 | ₹72,000 | ₹57,000 | ₹6,69,788 | ₹87,88,434 |
| 24 | 49 | ₹72,000 | ₹57,000 | ₹7,35,688 | ₹96,53,122 |
| 25 | 50 | ₹72,000 | ₹57,000 | ₹8,07,025 | ₹1,05,89,147 |
| 26 | 51 | ₹72,000 | ₹57,000 | ₹8,84,247 | ₹1,16,02,394 |
| 27 | 52 | ₹72,000 | ₹57,000 | ₹9,67,840 | ₹1,26,99,234 |
| 28 | 53 | ₹72,000 | ₹57,000 | ₹10,58,329 | ₹1,38,86,563 |
| 29 | 54 | ₹72,000 | ₹57,000 | ₹11,56,284 | ₹1,51,71,847 |
| 30 | 55 | ₹72,000 | ₹57,000 | ₹12,62,320 | ₹1,65,63,167 |
| 31 | 56 | ₹72,000 | ₹57,000 | ₹13,77,104 | ₹1,80,69,271 |
| 32 | 57 | ₹72,000 | ₹57,000 | ₹15,01,357 | ₹1,96,99,628 |
| 33 | 58 | ₹72,000 | ₹57,000 | ₹16,35,862 | ₹2,14,64,490 |
Share Results
What is EPF?
The Employee Provident Fund (EPF) is a retirement savings scheme managed by the Employees' Provident Fund Organisation (EPFO). It is mandatory for establishments with 20+ employees. Both employee and employer contribute a percentage of the basic salary every month, building a retirement corpus that earns guaranteed interest.
Current EPF Interest Rate
The current EPF interest rate is 8.25% per annum for FY 2024-25. The rate is set annually by the EPFO Central Board of Trustees and approved by the Ministry of Finance. EPF interest is compounded annually and credited at the end of each financial year.
EPF Contribution Rules
- Employee: 12% of basic salary goes entirely to EPF
- Employer: 12% of basic salary, split as 3.67% to EPF and 8.33% to EPS (Employee Pension Scheme)
- EPS contribution is capped at basic salary of ₹15,000 — any excess goes to EPF
- Only the EPF portion (not EPS) earns interest
- Voluntary Provident Fund (VPF): Employee can contribute more than 12% for extra returns
EPF Tax Benefits
EPF enjoys EEE (Exempt-Exempt-Exempt) tax status for contributions up to ₹2.5 lakh/year:
- Employee contribution qualifies for deduction under Section 80C (up to ₹1.5 lakh)
- Interest earned is tax-free (for contributions up to ₹2.5 lakh/year)
- Maturity amount is tax-free if the employee has completed 5 years of continuous service
Frequently Asked Questions
Can I withdraw EPF before retirement?
Yes, partial withdrawal is allowed for specific purposes: buying a house (after 5 years), medical emergencies, education, or marriage (after 7 years). Full withdrawal is allowed if unemployed for 2 months or more. However, early withdrawal reduces your retirement corpus significantly due to lost compound interest.
EPF vs PPF — what is the difference?
EPF is mandatory for salaried employees with employer contribution (12% match). PPF is voluntary and open to everyone with no employer match. EPF currently offers 8.25% vs PPF at 7.1%. EPF is linked to employment, while PPF has a fixed 15-year tenure. Both enjoy EEE tax status.
How is EPF interest calculated?
EPF interest is calculated monthly on the running balance but credited annually at the end of the financial year. The monthly balance includes opening balance plus contributions up to that month. The annual interest rate is divided by 12 to get the monthly rate applied to each month's closing balance.
Is EPF mandatory for all employees?
EPF is mandatory for establishments with 20 or more employees and for employees with basic salary up to ₹15,000/month at the time of joining. Employees earning above ₹15,000 basic can opt out at the time of joining but not later. Once enrolled, contributions continue regardless of salary increases.