EPF Calculator
Calculate the accumulated corpus in your Employees' Provident Fund.
Corpus at Age 58
₹ 13,587,820
Assumes 8.25% interest rate throughout.
The Employee Provident Fund (EPF) is the backbone of retirement planning for salaried Indians. It is a mandatory savings scheme managed by the EPFO where both the employee and employer contribute 12% of the basic salary plus DA.
💰 Current EPF Interest Rate
For the Financial Year 2024-25, the EPFO has declared an interest rate of 8.25%. This is historically higher than PPF, FDs, and most other debt instruments, making EPF one of the best compounding tools available.
Contribution Breakdown
- Employee Share: 12% of Basic + DA goes entirely into the EPF account.
- Employer Share: Only 3.67% goes to EPF. The remaining 8.33% is diverted to the Employees' Pension Scheme (EPS).
Taxation Rules (New Updates)
EPF was traditionally EEE (Exempt-Exempt-Exempt), but new rules have added a cap:
- If your own contribution exceeds ₹2.5 Lakhs in a financial year, the interest earned on the excess amount is Taxable.
- For government employees (where employer doesn't contribute), this limit is ₹5 Lakhs.
Frequently Asked Questions
Can I withdraw EPF before retirement?
Partial withdrawals are allowed for specific reasons like marriage, education, home purchase, or medical emergency. Full withdrawal is allowed only if you are unemployed for 2 months.
Is EPF maturity tax-free?
Yes, if you have completed 5 years of continuous service, the withdrawal amount is completely tax-free.
What is UAN?
Universal Account Number (UAN) is a unique 12-digit number assigned to every employee. It remains the same even if you switch jobs.
Can I increase my contribution?
Yes, via the Voluntary Provident Fund (VPF), you can contribute up to 100% of your basic salary to earn the same 8.25% interest.
Does EPF interest compound monthly?
No. Contributions are made monthly, but interest is calculated on the monthly running balance and credited <strong>annually</strong> (usually on March 31st).
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