EPFPlan

India EPF Calculator

See how your monthly EPF contributions — both employee and employer — compound into your retirement corpus.

Basic monthly salary

Rs.

Employee contribution (%)

Employer EPF contribution (%)

EPF interest rate (% p.a.)

Service period (years)

EPF corpus

Rs. 46,88,770

Employer contributes 12% of basic — 3.67% goes to EPF, 8.33% goes to EPS (pension). The current EPF rate is 8.25% p.a.

Your contributions: Rs. 10,80,000
Employer contributions: Rs. 3,30,300
Interest earned: Rs. 32,78,470

What you entered

Basic monthly salary: Rs. 30,000Employee contribution (%): 12%Employer EPF contribution (%): 3.67%EPF interest rate (% p.a.): 8.25%Service period (years): 25

1
Employee monthly contribution
Rs. 30,000.00 × 12%= Rs. 3,600.00
2
Employer monthly contribution
Rs. 30,000.00 × 3.67%= Rs. 1,101.00
3
Total monthly deposit
Rs. 3,600.00 + Rs. 1,101.00= Rs. 4,701.00
4
Monthly interest rate
8.25% ÷ 12= 0.6875%
5
Corpus after 25 years
Compound monthly for 300 months= Rs. 46,88,769.75
6
Total contributions
Rs. 4,701.00 × 300= Rs. 14,10,300.00
7
Interest earned
Rs. 46,88,769.75 − Rs. 14,10,300.00= Rs. 32,78,469.75

Result

EPF corpus: Rs. 46,88,770

Over 25 years, combined contributions of Rs. 14,10,300 grow to an EPF corpus of Rs. 46,88,770, earning Rs. 32,78,470 in interest.

EPF corpus at retirement, 12% employee and 12% employer at 8.25%

Both sides contribute 12% of basic salary each month, compounding at the current 8.25% EPF rate. Each cell is the corpus after the number of years in the column heading, on a constant basic salary.

Basic monthly salary	After 10 years	After 20 years	After 30 years	Contributions over 30 years
Rs. 15,000	Rs. 6,72,463	Rs. 22,02,616	Rs. 56,84,402	Rs. 12,96,000
Rs. 25,000	Rs. 11,20,771	Rs. 36,71,027	Rs. 94,74,003	Rs. 21,60,000
Rs. 30,000	Rs. 13,44,925	Rs. 44,05,233	Rs. 1,13,68,804	Rs. 25,92,000
Rs. 50,000	Rs. 22,41,542	Rs. 73,42,055	Rs. 1,89,48,006	Rs. 43,20,000
Rs. 75,000	Rs. 33,62,313	Rs. 1,10,13,082	Rs. 2,84,22,009	Rs. 64,80,000

Over 30 years the corpus lands at roughly four and a half times what was contributed, and the third decade alone produces more growth than the first two combined. The table deliberately holds basic salary constant, which understates a real career - actual contributions rise with every increment, so a real corpus is materially larger. Two real-world details it also leaves out: part of the employer's 12% is diverted to the pension scheme EPS rather than the provident fund, and the statutory wage ceiling for mandatory contribution is Rs. 15,000 of basic, above which employers may contribute on actual basic or on the ceiling. The rate is declared annually by the EPFO.

Employer's 12% is split between EPF and EPS

The employer contributes 12% of basic salary, but only 3.67% goes to your EPF account — the remaining 8.33% goes to the Employee Pension Scheme (EPS), which provides a monthly pension after retirement rather than a lump sum.

EPF interest is tax-free up to ₹2.5 lakh in annual contributions

Interest on EPF contributions up to ₹2.5 lakh per year is tax-free. For contributions above this threshold (added in 2021), interest earned on the excess is taxable — this primarily affects high-salary employees.

Frequently asked questions

How much EPF will I have at retirement?

Depends on your basic salary, years of service, and salary growth. A 25-year-old earning ₹30,000 basic, with 3% annual salary growth and 8.25% EPF interest, retiring at 58, accumulates roughly ₹65–70 lakh in EPF corpus. Employee contributes 12% and employer contributes 3.67% (rest goes to EPS pension).

What is the current EPF interest rate?

8.25% for FY 2023-24 (announced by EPFO). Historical rates: 8.5% (2019-20), 8.65% (2018-19), 8.55% (2017-18). EPF consistently beats most FD rates and is backed by the government. Interest is declared annually but credited monthly.

Can I withdraw EPF before retirement?

Partial withdrawal allowed for: home purchase (after 5 years, up to 36× monthly wages), medical emergencies (anytime), marriage (after 7 years), education (after 7 years). Full withdrawal: after 2 months of unemployment (if not joining another EPF-covered employer) or at retirement (58 years). Early withdrawal before 5 years is taxable.