EPF Calculator

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EPF Calculation Details

This calculator estimates your EPF maturity amount considering:

Monthly contributions from both employee and employer
8.1% annual interest, compounded monthly
Annual salary increments
Voluntary higher contributions (VPI) beyond 12%

What is EPF (Employees' Provident Fund)?

The Employees' Provident Fund (EPF) is a mandatory retirement savings scheme in India for salaried employees. Managed by the government, it builds a retirement corpus through monthly contributions from both employees and employers, earning interest over time. EPF ensures financial security post-retirement or resignation, with funds accessible under specific conditions.

How Does the EPF Calculator Work?

The EPF calculator estimates your maturity amount by factoring in monthly contributions, an 8.1% annual interest rate compounded monthly, expected salary hikes, and tenure. It projects your EPF growth over time.

Future EPF Value ≈ Previous Month Balance * (1 + Monthly Interest Rate) + Monthly Employee Contribution + Monthly Employer Contribution (Calculated monthly with annual salary increments)

Note: Employer contribution to EPF is fixed at 3.67%. Interest is compounded monthly at 8.1% per annum.

Key Benefits of EPF

Retirement Security

Builds a dedicated fund for your post-work years.

High Safety

Government-backed with guaranteed interest.

Tax Savings

Contributions, interest, and withdrawals qualify for tax exemptions.

Forced Savings

Mandatory deductions ensure consistent savings.

Loan Option

Access loans against your EPF balance when needed.

EPF FAQs

Salaried workers in firms with 20+ employees must join EPF; smaller firms may opt in voluntarily.

Employees contribute 12% of basic salary + DA; employers match 12%, with 3.67% to EPF and the rest to EPS (Pension Scheme).

Interest (8.1% annually) is computed monthly on the balance and credited yearly by the EPFO.

Full withdrawal is allowed at retirement or after 2 months of unemployment; partial withdrawals are permitted for emergencies like medical needs or housing.

Withdrawals after 5 years of service are usually tax-free, but check current tax rules for updates.