EPF Calculator
What is an EPF Calculator?
An Employees’ Provident Fund (EPF) Calculator is a financial tool that helps employees estimate their retirement corpus based on their monthly contributions, employer contributions, and the EPF interest rate. The EPF is a mandatory retirement savings scheme in India for salaried employees, where both the employee and employer contribute a percentage of the basic salary + DA (Dearness Allowance).
Key Components of EPF Calculation:
Employee Contribution – 12% of (Basic + DA)
Employer Contribution – 3.67% to EPF + 8.33% to EPS (Employee Pension Scheme)
(However, some employers contribute 12% to EPF, depending on company policy)EPF Interest Rate – Decided annually by the EPFO (e.g., 8.1% for 2023-24)
Annual Salary Increase – Expected yearly salary hike (e.g., 5-10%)
Tenure – Years until retirement
How EPF Calculator Works (Formula)
The calculator uses compound interest to project the EPF corpus at retirement:
Yearly Contribution = (Employee % + Employer %) × (Basic + DA) × 12 EPF Corpus = [Previous Year Corpus × (1 + Interest Rate)] + Current Year Contribution
Example Calculation (5 Years Breakdown)
| Year | Monthly Basic + DA | Employee Contribution (12%) | Employer Contribution (50.5%) | Yearly Contribution | Corpus (8.1% Interest) |
|---|---|---|---|---|---|
| 1 | ₹50,000 | ₹6,000 | ₹25,250 | ₹3,75,000 | ₹4,05,375 |
| 2 | ₹52,500 (+5%) | ₹6,300 | ₹26,512 | ₹3,93,750 | ₹8,64,793 |
| 3 | ₹55,125 | ₹6,615 | ₹27,838 | ₹4,13,437 | ₹13,86,142 |
| 4 | ₹57,881 | ₹6,945 | ₹29,230 | ₹4,34,109 | ₹19,83,782 |
| 5 | ₹60,775 | ₹7,293 | ₹30,691 | ₹4,55,814 | ₹26,63,370 |
(This continues until retirement age.)
10 Example EPF Calculations
Here are 10 different scenarios with varying inputs and their projected EPF corpus:
| No. | Current Age | Retirement Age | Basic + DA | Annual Hike | Employee % | Employer % | Interest Rate | EPF Corpus (Approx.) |
|---|---|---|---|---|---|---|---|---|
| 1 | 25 | 58 | ₹30,000 | 7% | 12% | 12% | 8.1% | ₹3.2 Crore |
| 2 | 30 | 60 | ₹50,000 | 5% | 12% | 50.5% | 8.1% | ₹5.8 Crore |
| 3 | 35 | 55 | ₹80,000 | 10% | 12% | 12% | 8.5% | ₹4.5 Crore |
| 4 | 28 | 58 | ₹40,000 | 6% | 12% | 50.5% | 8.1% | ₹4.7 Crore |
| 5 | 40 | 60 | ₹1,00,000 | 8% | 12% | 12% | 8.0% | ₹3.9 Crore |
| 6 | 22 | 60 | ₹25,000 | 5% | 12% | 50.5% | 8.1% | ₹6.1 Crore |
| 7 | 45 | 58 | ₹70,000 | 4% | 12% | 12% | 8.0% | ₹1.8 Crore |
| 8 | 32 | 57 | ₹60,000 | 7% | 12% | 50.5% | 8.1% | ₹5.2 Crore |
| 9 | 27 | 55 | ₹35,000 | 6% | 12% | 12% | 8.5% | ₹2.9 Crore |
| 10 | 50 | 60 | ₹90,000 | 5% | 12% | 50.5% | 8.1% | ₹2.1 Crore |
Frequently Asked Questions
2023-24 EPF Interest Rate = 8.15% (as per EPFO), The rate is revised annually.
Yes, all our calculators are completely free and do not require any registration or payment.
✅ Yes! It factors in annual salary increments (default: 5%).
(Example: If your salary increases by 7% yearly, your EPF contributions grow accordingly.)
- Normally, employers contribute 12% (3.67% to EPF + 8.33% to EPS).
- Some companies (like government jobs) contribute 50.5% (12% EPF + 38.5% additional benefits).
- The calculator allows both options.
- Employee Contribution: 12% of (Basic + DA)
- Employer Contribution: 12% (or 50.5% in some cases)
- Maximum Salary Limit: ₹15,000/month (for mandatory EPF)
✅ Yes, but with conditions:
- Partial withdrawal allowed for marriage, medical emergency, home loan, etc.
- Full withdrawal only after 2 months of unemployment or retirement.
