EPF calculator
Tell me your Basic, your age and your current PF balance, and I’ll show what goes into your EPF each month and what it could grow to by retirement.
Basic pay plus dearness allowance, from your payslip.
From your EPFO passbook. Leave at 0 if you’re starting out.
8.25% was declared for FY 2024-25.
Many employers cap PF at the wage ceiling; others take 12% of your full Basic.
₹15,000 is the current ceiling. A rise to ₹25,000 has been reported; pick it to see the difference.
EPF corpus at 58
₹1.81Cr
₹1,81,43,181 after 30 years
- You pay (12%)
- ₹3,600/mo
- Employer to EPF
- ₹2,350/mo
- Employer to pension (EPS, 8.33%)
- ₹1,250/mo
- Balance today
- ₹2,00,000
- Total contributions
- ₹52,90,248
- Total interest
- ₹1,26,52,933
- Corpus at retirement
- ₹1,81,43,181
Projection: contributions credited monthly, interest worked out monthly and added once a year, Basic rising once a year. The pension (EPS) share isn’t in the corpus. A planning estimate, not an EPFO statement.
Estimates for planning, not tax or legal advice. Rules change with each Budget and differ by employer, so check your offer letter, payslip or a professional before you act.
How it’s calculated
Monthly contributions
Employer: 12% × PF wage, of which
to pension (EPS) = 8.33% × min(Basic + DA, wage ceiling)
to EPF = the rest
Your PF wage is your Basic + DA, or the wage ceiling (₹15,000) if your employer caps it. For EPS members, the pension share is worked out on wages up to the ceiling, so at ₹15,000 it is at most ₹1,250 a month; everything else your employer puts in goes to your EPF account. After 58, the pension share stops and the full 12% goes to EPF. If you first joined EPF after 1 September 2014 with a PF wage above ₹15,000, you aren’t in EPS at all, so your employer’s full 12% goes to EPF; tick that option in the calculator.
Worked example. Basic + DA of ₹30,000, PF on full Basic: you pay ₹3,600; your employer pays ₹3,600, of which ₹1,250 goes to EPS and ₹2,350 to EPF. So ₹5,950 a month reaches your EPF. With the ceiling at ₹25,000 the EPS share would be ₹2,083 and the EPF share ₹1,517.
The projection
Each month, your share and your employer’s EPF share are credited. Interest is worked out every month on the balance at the start of that month, at the yearly rate ÷ 12, and added to your account once a year, which is how EPFO credits it. Your Basic rises once a year by the increase you choose. The pension (EPS) builds a separate monthly pension, not a lump sum, so it isn’t in the corpus.
The interest rate is declared every year by EPFO’s Central Board of Trustees; 8.25% was declared for FY 2024-25. Future rates may be higher or lower.
Sources: Employees’ Provident Funds Scheme 1952 and Employees’ Pension Scheme 1995; wage ceiling of ₹15,000 from 1 September 2014 (EPFO).
Questions people ask
How much PF is deducted from my salary?
12% of your PF wage, which is your Basic + DA, or ₹15,000 if your employer caps it at the wage ceiling. Your employer adds another 12%.
Why is my employer’s EPF share smaller than mine?
Part of your employer’s 12% goes to the Employees’ Pension Scheme: 8.33% of wages up to ₹15,000, so up to ₹1,250 a month. Only the rest reaches your EPF account. If you joined after 1 September 2014 with a PF wage above ₹15,000, you aren’t in EPS and the whole 12% goes to EPF.
What is the current EPF interest rate?
8.25% was declared for FY 2024-25. EPFO declares the rate every year, so check the latest notification and change the rate in the calculator if it has moved.
Is the EPF wage ceiling going up to ₹25,000?
A rise from ₹15,000 to ₹25,000 has been reported, but check EPFO for whether it has been notified. Switch the wage ceiling in the calculator to see how it would change your pension and EPF shares.
Is EPF interest taxable?
Interest on your own contributions above ₹2,50,000 a year (₹5,00,000 if your employer doesn’t contribute) is taxable. Withdrawals after 5 years of continuous service are tax-free.
Does the corpus include my pension?
No. The EPS share builds a monthly pension from 58, not a lump sum, so the calculator leaves it out of the corpus.
Numbers done. Now the decision.
Tell me what the numbers mean for you, and I’ll help you decide what to do next.