EPF Calculator
Calculate your Employee Provident Fund maturity amount and total interest earned.
Your monthly basic salary + DA
Minimum 12% as per EPF rules
Fixed at 12% as per EPF rules
Current EPF interest rate is 8.15% p.a.
Total Contribution
₹14,40,000
Interest Earned
₹21,83,155.80
Maturity Amount
₹36,23,155.80
Contribution vs Interest
- Total Contribution
- Interest Earned
Formula
Maturity = Σ [(Monthly Contribution × 12) × (1 + r)^n]
- Monthly Contribution — Employee + Employer contribution per month
- r — Annual EPF interest rate / 100
- n — Number of years remaining until maturity
What is EPF (Employee Provident Fund)?
Employee Provident Fund (EPF) is a retirement savings scheme mandated by the Government of India under the Employees Provident Fund Organisation (EPFO). It is applicable to all establishments with 20 or more employees. Both the employee and employer contribute 12% of the basic salary and Dearness Allowance (DA) every month to the EPF account.
The EPF corpus earns a fixed interest rate declared by the government every year. For FY 2024-25, the EPF interest rate is 8.15% per annum. The interest is calculated monthly but credited annually to the EPF account. The maturity amount includes both contributions and the accumulated interest over the years of service.
EPF Contribution Breakdown
Of the employer contribution of 12%, about 8.33% goes to the Employee Pension Scheme (EPS) and the remaining 3.67% goes to the EPF account. The full 12% of the employee contribution goes directly to the EPF account. This means the EPF corpus grows from the employee contribution of 12% plus the employer EPF contribution of 3.67%, while the rest goes to the pension scheme.
For simplicity, our EPF calculator considers the full employer contribution going to EPF, which gives you a conservative upper estimate of your maturity amount. In reality, the EPS portion does not earn EPF interest but provides pension benefits after retirement.
Tax Benefits of EPF
EPF enjoys EEE (Exempt-Exempt-Exempt) tax status in India. The contribution is exempt from tax under Section 80C up to Rs. 1.5 lakh per year. The interest earned is tax-free, and the maturity amount is also exempt from tax if withdrawn after 5 continuous years of service. This makes EPF one of the most tax-efficient retirement savings instruments available to salaried employees in India.