ToolFoxEPF Calculator
Estimate your Employees' Provident Fund corpus at retirement from your monthly basic salary and years of service.
- EPF corpus at retirement
- ₹8,95,208
- Total contributed (employee + employer)
- ₹5,64,120
- Interest earned
- ₹3,31,088
How it works
EPF combines a 12% employee contribution and a 3.67% employer contribution (of basic salary + DA) into the EPF account each month — the remaining 8.33% of the employer's 12% share is diverted to the Employees' Pension Scheme (EPS), not EPF. This calculator treats the combined 15.67% as a single annual deposit and grows it year over year using the same annuity-due compounding as the PPF calculator, at the prevailing EPF interest rate (currently 8.25% per year, government-notified and revised periodically). This is a yearly approximation — real EPF interest is credited monthly on the running balance.
Example
A ₹30,000 monthly basic salary contributes ₹30,000 × 12 × 15.67% = ₹56,412 a year; over 10 years that is ₹5,64,120 contributed, growing to a larger corpus once compounding at 8.25% per year is included.
Frequently asked questions
Why is the contribution rate 15.67% and not 24%?
Employee contributes 12% and employer contributes 12%, but 8.33 percentage points of the employer's share fund the EPS pension, not the EPF corpus — leaving 12% + 3.67% = 15.67% actually going into EPF.
Is the EPF interest rate fixed?
No — it is announced by the EPFO (Employees' Provident Fund Organisation) for each financial year and can change; 8.25% is used here as an editable default.
Does this include voluntary provident fund (VPF) contributions?
No — this models only the statutory 12%+3.67% contribution. Any additional VPF amount you contribute would need to be added separately.
Is EPF interest really credited yearly?
No — in practice EPFO credits interest monthly on the running balance. This calculator simplifies to yearly compounding for an easy-to-follow estimate, as stated above.
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