How to use the EPF Calculator
- Enter your monthly basic + DA, current age and retirement age.
- Add your current EPF balance and expected yearly salary increase.
- Check the interest rate and read your estimated EPF corpus.
About this tool
Every month you contribute 12% of basic + DA to EPF. Your employer also pays 12%, but 8.33% of it (on wages up to ₹15,000, so at most ₹1,250) goes to the Employees’ Pension Scheme; the remaining 3.67% goes into your EPF. For basic pay above ₹15,000 the employer’s EPF share is actually 12% of basic minus ₹1,250 — pick that option to use it.
EPFO calculates interest on the monthly running balance (rate ÷ 12 each month) and credits it once a year, which is what this calculator does, raising your salary each year by the percentage you enter. The EPF rate is declared every year — 8.25% was declared for FY 2023-24 and FY 2024-25 — so change it if a new rate is announced. EPF interest is tax-free while the account is active, except on employee contributions above ₹2.5 lakh a year.
Frequently asked questions
How much of my salary goes to EPF?
You contribute 12% of basic + DA. Your employer contributes 3.67% to EPF and 8.33% (up to ₹1,250 a month) to the pension scheme.
What is the current EPF interest rate?
8.25% was declared for FY 2023-24 and FY 2024-25. The rate is announced every year by EPFO, so check for the latest.
Is the EPS pension part of my EPF balance?
No. EPS builds a monthly pension instead of a lump sum, so it is not included in this corpus.
Can I withdraw EPF before retirement?
Partial withdrawals are allowed for purposes like a house, medical needs, education or marriage, and the full amount after two months of unemployment, subject to EPFO rules.