EPF Calculator — Employees' Provident Fund
The Employees' Provident Fund (EPF) is a retirement fund where you and your employer contribute a percentage of your basic salary each month. The balance earns compounding interest. This calculator projects your EPF corpus at retirement as your salary grows.
Formula
Monthly contribution = basic × (employee % + employer %). Contributions are added monthly and the balance compounds at the EPF interest rate; the basic salary is stepped up each year by your expected hike.
Example
A ₹30,000 basic with 12% employee + 3.67% employer contribution at 8.25% interest over 25 years, with 6% annual hikes, builds a substantial retirement corpus.
Frequently Asked Questions
What is the current EPF interest rate?
The EPF interest rate is set each year by the government/EPFO; recent rates have been around 8.25%. Use the rate field to model any value.
How much do employer and employee contribute to EPF?
Typically 12% of basic each; of the employer's 12%, about 8.33% goes to the pension (EPS) and 3.67% to EPF, which this calculator uses by default.
Related calculators
- PPF Calculator — Public Provident Fund Maturity
- Retirement Planner — Corpus & SIP Calculator
- NPS Calculator — National Pension System
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