EPF / PF Calculator
Project your EPF / PF retirement corpus in India. Enter basic + DA, interest rate, salary growth and years to see contributions and compounded interest with the formula.
Updated 2026-06-14 · Free · No sign-up · Runs privately in your browser
Show the formula & steps
How the EPF / PF Calculator Works
The Employees’ Provident Fund (EPF), often just called PF, is India’s main retirement savings scheme for salaried employees. Both you and your employer contribute every month, and the balance earns interest that compounds over your career. This calculator projects the maturity corpus at retirement.
Enter your monthly basic + DA, any current EPF balance, your expected annual salary growth, the EPF interest rate, and the years to retirement. The tool simulates each month’s contribution and interest and reports the final corpus, your total contributions, and the interest earned.
The Formula
Each month two contributions flow into EPF:
Employee EPF = 12% × (basic + DA) Employer EPF = 12% × (basic + DA) − EPS diversion
With the wage ceiling applied, the EPS diversion is 8.33% × min(basic + DA, ₹15,000), capped at ₹1,250 per month. The running balance grows each month at the annual rate ÷ 12, and basic + DA rises by your chosen growth rate each year.
Worked Example
Suppose your monthly basic + DA is ₹25,000, the interest rate is 8.25%, salary grows 8% a year, and you have 25 years to retirement with no opening balance and the EPS ceiling applied:
- Employee EPF in month one = 12% × 25,000 = ₹3,000
- EPS diversion = 8.33% × 15,000 = ₹1,250 (ceiling applies, since basic is above ₹15,000)
- Employer EPF = 12% × 25,000 − 1,250 = 3,000 − 1,250 = ₹1,750
- Total to EPF in month one = 3,000 + 1,750 = ₹4,750
The calculator then compounds the balance monthly and increases your basic each year, producing a corpus worth several times your total contributions thanks to decades of compounding.
What Goes Where
| Component | Rate | Destination |
|---|---|---|
| Employee share | 12% of basic + DA | EPF |
| Employer EPS share | 8.33% of up to ₹15,000 | EPS (pension) |
| Employer EPF share | remainder of 12% | EPF |
Things to Keep in Mind
This is a planning estimate. It assumes you never withdraw, the interest rate holds steady, and your basic pay grows smoothly, none of which is guaranteed. Job changes, partial withdrawals, and rate revisions all shift the outcome. Always check your actual balance on the EPFO portal and consult a financial or tax advisor for decisions.
Frequently asked questions
How is EPF contribution calculated?+
An employee contributes 12% of basic salary plus dearness allowance to EPF each month. The employer also contributes 12%, but 8.33% of wages (capped at the ₹15,000 wage ceiling, so a maximum of ₹1,250 per month) is diverted to the Employees' Pension Scheme, and the remaining employer share goes to EPF.
What is the current EPF interest rate?+
The EPFO declares the EPF interest rate each financial year. In recent years it has stayed around 8% to 8.25% per annum. Interest is calculated on the monthly running balance and credited to the account annually. You can edit the rate in the calculator to match the latest figure.
What is the ₹15,000 EPS wage ceiling?+
For the pension portion (EPS), the employer's 8.33% diversion is computed on wages capped at ₹15,000, so a maximum of ₹1,250 per month goes to EPS. Any employer contribution above that stays in the EPF account, which is why higher earners build the EPF corpus faster.
Is EPF interest tax-free?+
EPF enjoys EEE tax treatment within limits, but interest on employee contributions above ₹2.5 lakh in a financial year is taxable. Rules change over time and depend on your situation, so confirm the current tax treatment with a tax professional. This tool estimates the corpus, not your tax.
How accurate is this EPF projection?+
It is an estimate. It assumes a steady interest rate, a constant annual salary growth, and uninterrupted contributions. Real outcomes vary with rate changes, job switches, withdrawals, and how basic pay is structured. Use it for planning, not as a statement of account.