PocketEmployee Provident Fund (EPF) Calculator
Project the growth of your Employee Provident Fund (EPF). Input your basic salary and EPF interest rates to calculate your retirement savings corpus.
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Accumulated EPF at Retirement
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Employee Share Contributed
Employer Share Contributed
Total Interest Earned
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EPF Retirement Corpus Accumulation
EPF Compounding Rules
EPF calculations in India involve two contributions totaling 24% of Basic + DA:
- Employee Share: 12% of Basic salary goes directly into the EPF account.
- Employer Share: 3.67% of Basic salary goes into the EPF account. The remaining 8.33% goes into the Employee Pension Scheme (EPS) up to a salary cap of ₹15,000.
- Interest is calculated monthly on the outstanding balance but credited annually to the account.
Worked Example
If you start at age 25 with a ₹50,000 monthly basic, and invest until retirement (58 years) with a 6% annual salary increment and 8.25% interest rate:
- Total employee contribution: ₹50,91,484
- Total employer contribution (EPF share): ₹15,56,229
- Total Interest Earned: ₹1,55,14,354
- Maturity EPF Corpus: ₹2,21,62,067
Frequently Asked Questions
What is the employee contribution rate for EPF?
The mandatory contribution rate is 12% of the basic salary plus dearness allowance (DA) for employees in companies with 20 or more workers.
How is the employer contribution divided between EPF and EPS?
Out of the employer's 12% contribution, 3.67% is allocated to the EPF account, and the remaining 8.33% goes to the Employee Pension Scheme (EPS) up to a wage cap of ₹15,000 (meaning a max monthly EPS contribution of ₹1,250).
Is EPF interest tax-free?
Yes, EPF interest is tax-free. However, if the employee's contribution to EPF exceeds ₹2.5 Lakh in a financial year, the interest earned on the excess contribution is taxable.
Can I withdraw my EPF balance before retirement?
Full withdrawals are permitted after 2 months of unemployment. Partial withdrawals are allowed for specific milestones like buying a house, marriage, education, or illness, depending on years of service.
What is Voluntary Provident Fund (VPF)?
VPF allows employees to voluntarily contribute more than the mandatory 12% basic salary to their EPF account (up to 100% of basic). It earns the same interest rate as EPF.