EPF Calculator
🧾 EPF Calculator: Calculate Your Retirement Corpus with Ease
The EPF Calculator helps you estimate your total EPF balance at retirement by calculating monthly contributions from you and your employer, along with compound interest. It’s a must-have tool for salaried employees planning long-term financial security.
🧮 How Is EPF Calculated?
EPF contributions are made every month by both employee and employer:
Employee contribution: 12% of basic salary + DA
Employer contribution: 12%, of which
8.33% goes to EPS (Pension)
3.67% goes to EPF
Interest is compounded monthly and currently stands at 8.15% per annum (subject to change by EPFO).
The formula used:
EPF Maturity = Sum of Monthly Contributions + Interest Earned
🧑🏫 How to Use the EPF Calculator?
Enter your basic monthly salary and DA (if applicable)
Enter your current EPF balance (if any)
Choose your age and expected retirement age
The calculator will show your estimated corpus at retirement
This helps you visualize your retirement savings and plan accordingly.
✅ Benefits of Using an EPF Calculator
Helps you forecast your retirement corpus
Simplifies complex calculations with compounding
Useful for adjusting salary or retirement planning goals
Works for both new employees and experienced professionals
Encourages disciplined, long-term savings
📉 Factors That Affect EPF Returns
Basic Salary + DA: Higher salary = higher monthly contribution
Tenure of Service: Longer duration = more compounding
Interest Rate: Changes annually based on EPFO announcements
Employer Contribution Split: Some goes to EPS, which does not earn interest
Withdrawals or Advances: Reduces the final EPF corpus
❓ Frequently Asked Questions (FAQs)
What is the EPF Calculator?
It’s an online tool that estimates the total balance in your EPF account by the time you retire, based on monthly contributions and compound interest.
What is the current EPF interest rate?
As of FY 2024–25, the EPF interest rate is 8.15% per annum, compounded monthly. It is reviewed and declared yearly by EPFO.
Can I calculate my EPS (Pension) using this?
Yes, this calculator also estimates your pension benefit under the Employees’ Pension Scheme (EPS), based on your service years and salary.
What if I change jobs or salaries?
Your EPF account is portable across jobs via UAN. The calculator can be updated with your new salary to estimate revised contributions.
Can I withdraw my EPF before retirement?
Partial withdrawals are allowed for reasons like home purchase, marriage, or education. Full withdrawal is allowed after retirement or 2 months of unemployment.