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EPF Calculator
Calculate Employee Provident Fund growth and maturity value
EPF Details
$
Basic + DA
$
Existing balance in EPF account
%
%
Current rate: 8.25% (2023-24)
%
Standard: 12% of Basic
EPF Projection
Enter your salary details
Project your EPF corpus at retirement
EPF Guide
What is EPF?
Employee Provident Fund is a retirement savings scheme where both employee and employer contribute 12% of basic salary. Its managed by EPFO (Employees Provident Fund Organisation).
EPF Contribution Structure
- Employee: 12% of Basic + DA (to EPF)
- Employer: 12% total, split as:
- 3.67% to EPF account
- 8.33% to EPS (Pension Scheme)
Current EPF Interest Rate
- 2023-24: 8.25%
- 2022-23: 8.15%
- 2021-22: 8.10%
- Interest is compounded monthly but credited annually
Tax Benefits
- Employee contribution: Section 80C deduction (up to ₹1.5L)
- Employer contribution: Not taxable up to 12%
- Interest: Tax-free (with conditions)
- Maturity: Tax-free after 5 years
Withdrawal Rules
- Full withdrawal allowed at age 58
- Partial withdrawal for specific purposes (home, medical, education)
- 75% withdrawal allowed after 1 month of unemployment
- Remaining 25% after 2 months of unemployment
2023-24 Changes
- Interest on contribution above ₹2.5L is taxable
- Two separate PF accounts for contributions above ₹2.5L
- Higher pension option under EPS 95
Disclaimer: This calculator is for informational purposes only and should not be considered financial, tax, or legal advice. Results are estimates based on the information provided and current tax laws. Consult a qualified professional for advice specific to your situation.
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