EPF Calculator
Contributions run until you retire at 58.
Anything above 12% is Voluntary PF (VPF) - your employer does not match it.
What is an EPF Calculator?
An EPF Calculator is a free online tool that estimates how much your Employees' Provident Fund account will hold when you retire. It adds up your monthly contributions and your employer's, grows them with your salary, and compounds the interest EPFO pays every year.
Enter your basic salary plus dearness allowance, your age, how much you contribute, your expected yearly raise and the EPF interest rate. The calculator shows your balance at 58 and how much of it came from you, from your employer and from interest.
Year-by-Year EPF Growth
Till Retirement| Age | Your Contribution | Employer Contribution | Interest Earned | Year-End Balance |
|---|
How Does an EPF Calculator Work?
Every month, 12% of your basic salary plus DA is deducted from your pay and credited to your EPF account. Your employer adds another 12% - but 8.33% of that (up to ₹1,250 a month) goes to the Employees' Pension Scheme, so only the remainder reaches your EPF. Interest is worked out every month on your running balance and added to the account at the end of each financial year, where it starts earning interest of its own.
Practical Example:
Suppose you are 30, earn a basic salary plus DA of ₹30,000 a month, contribute 12%, get a 5% raise every year and EPF pays 8.25% p.a.. By 58:
- You + Employer Contribute: ₹46,25,984
- Interest Earned: ₹84,90,674
- EPF Balance at 58: ₹1,31,16,657
What is the EPF Calculator Formula?
Because your salary changes every year, EPF is projected month by month rather than with a single formula. Each month:
Balance = Balance + (E + R)
Interest = Balance × i / 12
The year's interest is added to the balance at the end of each financial year, and salary is raised before the next year begins.
EPF compared with other retirement savings options:
| Scheme | Who Can Invest | Contribution | Returns | When You Can Withdraw |
|---|---|---|---|---|
| EPF | Salaried employees of EPFO-covered companies | 12% of basic + DA, matched by the employer | Declared yearly by EPFO | At 58; partial withdrawals for specific needs |
| VPF | Existing EPF members | Any extra % over 12%, no employer match | Same as EPF | Same rules as EPF |
| PPF | Any resident individual | ₹500 to ₹1.5 lakh a year | Set by the government, reviewed quarterly | 15-year lock-in; partial withdrawal from year 7 |
| NPS | Indian citizens aged 18 to 70 | Flexible, from ₹1,000 a year | Market-linked | At 60; part of the corpus must buy an annuity |
Some employers limit their contribution to the ₹15,000 statutory wage ceiling, which lowers the employer share shown here. Rates and tax rules change; check the current position with EPFO.
Frequently asked questions
Everything you need to know — from what we do to how we do it — in one quick FAQ section.
OPEN ACCOUNTEPF is a retirement savings scheme run by the Employees' Provident Fund Organisation (EPFO). Every month you and your employer each contribute 12% of your basic salary plus DA; your share and part of your employer's go into your EPF account and earn interest declared by EPFO every year.
