Estimate how your EPF (Employee Provident Fund) balance grows over time, based on your basic salary, contribution, and the current interest rate.
Each month: you contribute 12% of Basic+DA, and your employer's contribution splits into 3.67% to your EPF balance and 8.33% (capped at ₹1,250, based on the ₹15,000 EPS wage ceiling) to the separate, non-interest-bearing EPS pension scheme. Interest is calculated monthly on the running balance at the rate you specify, credited annually — consistent with how EPFO actually credits interest.
This calculator also models your basic salary growing annually at your expected growth rate, so later years contribute proportionally more to your corpus.
The EPF interest rate for FY 2025-26 is 8.25% per annum, as declared by the EPFO. This rate is reviewed and may be revised annually by the EPFO Central Board of Trustees.
No. Of the employer's 12% contribution, 8.33% (capped at ₹1,250/month based on a ₹15,000 wage ceiling) goes to the Employee Pension Scheme (EPS), which does not earn interest and provides a pension instead. Only the remaining 3.67% plus your full 12% employee contribution accumulate in your interest-earning EPF balance.
EPF interest is generally tax-free. However, interest earned on employee contributions exceeding ₹2.5 lakh in a financial year (₹5 lakh if there's no employer contribution) is taxable, as per rules introduced in the 2021 budget.
Partial withdrawals are allowed for specific purposes like home purchase, medical emergencies, or education, subject to conditions and minimum service requirements. Full withdrawal is typically allowed after 2 months of unemployment or at retirement.
You should transfer your EPF account to your new employer using your UAN (Universal Account Number) rather than withdrawing it, to preserve continuity of service for benefits like EPS pension eligibility and to keep your retirement corpus growing without interruption.
EPF is one of the most reliable, government-backed retirement savings vehicles for salaried employees in India, combining mandatory monthly contributions from both you and your employer with a healthy, tax-efficient interest rate. This calculator projects your balance forward to retirement, accounting for salary growth and the EPS carve-out from your employer's contribution.
For a fuller retirement picture beyond EPF alone, see our Retirement Calculator and NPS Calculator.
