EPF Calculator

This EPF calculator projects your Employees' Provident Fund balance at retirement from your basic pay, current balance and a yearly raise. Built for salaried employees whose employer deducts PF, it lists each year's contributions, interest and closing balance.

What to enter in each box

• Monthly basic salary + DA (₹): your PF wages, not gross pay or CTC. Since 21 November 2025, if allowances exceed half your total pay, the excess counts as wages under the Code on Social Security, 2020. Dividing the PF deduction on your payslip by 0.12 gives the wage your employer is using.
• Your current age and Retirement age: 25 and 58 by default; you must be at least 18, and retirement can be up to 60.
• Current EPF balance (₹): the employee plus employer EPF total from your passbook, without the pension (EPS) amount. A negative figure is rejected.
• Expected yearly salary increase (%): 5% by default, applied to basic once a year; anything from −20% to 50% is accepted.
• EPF interest rate (% a year): preset to 8.25%, with 0% to 15% accepted.
• PF is deducted on: choose "Full basic salary" if 12% of your whole basic is deducted, or "₹25,000 wage ceiling" if your deduction stops at ₹3,000 a month.

Where the 24% goes and how interest is added

You pay 12% of PF wages. Your employer pays another 12%. If you are an EPS member, 8.33% of wages up to ₹25,000 a month goes to the Employees' Pension Scheme, at most ₹2,082.50 a month (₹2,083 after rounding), and only the rest reaches your EPF account:

• Basic of ₹20,000: you put in ₹2,400, ₹1,666 goes to EPS and the employer's EPF share is ₹734 (3.67%).
• Basic of ₹40,000 with PF on full basic: you put in ₹4,800 and the employer's EPF share is ₹4,800 − ₹2,082.50 = ₹2,717.50.

If you first joined EPF on or after 1 September 2014 with PF wages above the ceiling then in force (₹15,000 until 16 September 2026, ₹25,000 since) and were never an EPS member, you are EPF-only and the employer's full 12% goes to EPF. A September 2026 amendment (G.S.R. 847(E)) moved EPF-only members whose wages were ₹25,000 or less when the new ceiling was notified into EPS from 17 September 2026.

For interest, the tool follows EPFO: each month's contributions join the running balance, and one-twelfth of the annual rate is worked out on the new total. The twelve amounts are credited at year end, so there is no compounding within a year.

Worked example: ₹30,000 basic at 25, retiring at 58

PF on full basic, a 5% yearly raise and 8.25% interest:

1. Monthly credit in year one: ₹3,600 from you plus ₹3,600 − ₹2,082.50 = ₹1,517.50 from the employer, a total of ₹5,117.50.
2. The twelve monthly balances run from ₹5,117.50 to ₹61,410 and add up to ₹5,117.50 × 78 = ₹3,99,165.
3. Interest is ₹3,99,165 × 8.25% ÷ 12 = ₹2,744, so the year closes at ₹61,410 + ₹2,744 = ₹64,154.

Repeated for 33 years, the balance at 58 reaches ₹2,00,87,943: ₹34,58,755 of your own money, ₹26,34,085 from the employer and ₹1,39,95,103 of interest, so interest makes up about 70% of it. On the ₹25,000 ceiling the same worker ends with ₹75,48,827, because the monthly credits stay at ₹3,000 and ₹917.50 however much the salary grows. Both figures assume EPS membership. A first-time joiner on ₹30,000 today would be EPF-only, and with the employer's whole 12% credited would have about ₹2.41 crore at 58 on full basic, or ₹1.16 crore on the ceiling. The row for 57 shows the balance at 58.

PF on full basic also cuts take-home pay now; the In-Hand Salary Calculator shows by how much.

EPF rules that apply in October 2026

• Interest rate: 8.25% for FY 2024-25 and FY 2025-26, the latter credited from July 2026. No rate has been declared for FY 2026-27, so try 8% or 7.5% for a cautious figure.
• Wage ceiling: ₹25,000 a month from 17 September 2026, up from ₹15,000 and the first change since September 2014. PF on basic above it is optional and needs a joint option with your employer.
• Tax: for Tax Year 2026-27 (FY 2026-27), your share counts towards the ₹1.5 lakh Section 80C limit (section 123 of the Income-tax Act, 2025) only under the old regime. Interest on your own contributions above ₹2.5 lakh a year (₹5 lakh when the employer pays nothing in) is taxable; at 12%, that needs basic above about ₹1,73,611 a month. The balance is tax-free on withdrawal after 5 years of continuous service, counting earlier jobs whose PF was transferred, or sooner if the job ended through ill health, the business closing or another cause beyond your control. Otherwise the employer's share and interest are taxed, as is your own share if you claimed 80C, and TDS may be deducted.

What the projection leaves out

• Your EPS pension, paid under separate rules.
• EPF-only membership: the tool always applies the EPS split, so an EPF-only member's real balance is higher than shown.
• Voluntary PF above 12%, advances, partial withdrawals and gaps between jobs.
• Inflation: the Inflation Calculator shows what ₹2 crore in 33 years is worth today.
• Deposit timing: employers often pay a month later, so your passbook may differ.

Treat every figure here as an estimate rather than financial or tax advice.