EPF Calculator – Employee Provident Fund Calculator
Calculate your PF maturity amount, interest earned & retirement corpus with year-wise breakdown
Enter EPF Details
💡 EPF Contribution Structure
Employee: 12% of Basic+DA → EPF. Employer: 3.67% → EPF + 8.33% → EPS (max ₹1,250). Interest rate: 8.25% p.a. (2024-25). Tax-free on 80C + maturity.
EPF Maturity Results
Total EPF at Retirement
Your Contribution
Employer Contribution
Interest Earned
EPF Corpus Breakdown
Year-Wise EPF Breakdown
| Year | Opening Balance | Your Contribution | Employer Contribution | Interest Earned | Closing Balance |
|---|
What is Employee Provident Fund (EPF)?
Employee Provident Fund (EPF) is a retirement savings scheme managed by the Employees’ Provident Fund Organisation (EPFO), Government of India. Under this scheme, both employee and employer contribute monthly to build a retirement corpus. Current EPF interest rate 2024-25 is 8.25% per annum, compounded annually.
Use our free EPF calculator to calculate your PF maturity amount, total interest earned, and retirement corpus with a detailed year-wise breakdown. Whether you need a PF calculator India, EPFO calculator, or PF interest calculator, this tool gives accurate instant results.
EPF Contribution Structure
Employee Contribution: 12% of Basic Salary + DA
Employer Contribution: 12% split as:
- 3.67% to EPF Account (Employee Provident Fund)
- 8.33% to EPS Account (Employee Pension Scheme) – Max ₹1,250/month
- 0.5% EDLI (Employee Deposit Linked Insurance)
- 0.5% EPF Admin Charges
PF Calculation Formula
The PF calculation formula for employees:
- Employee PF Contribution = Basic Salary × 12%
- Employer PF Contribution = Basic Salary × 3.67% (to EPF) + Basic Salary × 8.33% (to EPS, max ₹1,250)
Example: If basic salary = ₹30,000/month
- Employee contribution: ₹30,000 × 12% = ₹3,600/month
- Employer EPF contribution: ₹30,000 × 3.67% = ₹1,101/month
- Employer EPS contribution: ₹30,000 × 8.33% = ₹2,499/month (limited to ₹1,250)
- Total monthly PF contribution: ₹3,600 + ₹1,101 = ₹4,701
How to Use EPF Calculator
- Enter your Monthly Basic Salary + DA
- Input your Current Age
- Add Current EPF Balance (if any, leave 0 for new accounts)
- Adjust Interest Rate (default 8.25%)
- Set Retirement Age (default 58)
- View instant results with year-wise breakdown!
EPF Withdrawal Rules
Partial Withdrawal
- After 7 years: For home purchase, education, medical emergency
- Before retirement: Up to 90% for specific purposes
Full Withdrawal
- At retirement (age 58)
- After 2 months unemployment
- Permanent migration abroad
PF Withdrawal Limits and Conditions
| Purpose | Withdrawal Limit | Minimum Service |
|---|---|---|
| Medical Emergency | Up to 6 months basic + DA | No limit |
| Marriage (Self/Children) | Up to 50% of employee share | 7 years |
| Education (Self/Children) | Up to 50% of employee share | 7 years |
| Home Purchase/Construction | Up to 90% of employee share | 5 years |
| Home Loan Repayment | Up to 90% of employee share | 10 years |
| Unemployment (1 month before) | Up to 75% of total balance | 1 month |
| Retirement/Resignation | 100% (Full Settlement) | 2 months unemployment |
Tax Benefits of EPF
- Section 80C: Employee contribution (12%) up to ₹1.5 lakh tax deduction
- Interest: Tax-free if withdrawn after 5 years continuous service
- Maturity: Tax-free if withdrawn after 5 years
- TDS: 10% TDS if withdrawal before 5 years and amount exceeds ₹50,000
- Form 15G/15H: Submit to avoid TDS if income below taxable limit
EPF Interest Rate History
| Financial Year | EPF Interest Rate |
|---|---|
| 2024-25 | 8.25% |
| 2023-24 | 8.25% |
| 2022-23 | 8.15% |
| 2021-22 | 8.10% |
| 2020-21 | 8.50% |
| 2019-20 | 8.50% |
| 2018-19 | 8.65% |
| 2017-18 | 8.55% |
| 2016-17 | 8.65% |
| 2015-16 | 8.80% |
EPF vs PPF vs VPF
EPF: Mandatory for organized sector employees, 8.25% interest, employer contribution
PPF: Voluntary scheme, 7.1% interest, self-contribution only, 15-year lock-in
VPF: Voluntary additional contribution to EPF, same 8.25% interest rate
EPF vs ESI Comparison
| Feature | EPF | ESI |
|---|---|---|
| Purpose | Retirement Savings | Health Insurance |
| Salary Limit | ₹15,000 basic (mandatory) | ₹21,000 gross |
| Employee Contribution | 12% of basic | 0.75% of gross |
| Employer Contribution | 12% of basic (3.67% EPF + 8.33% EPS) | 3.25% of gross |
| Benefits | Retirement corpus, pension | Medical treatment, maternity, disability |
Employee Pension Scheme (EPS)
EPS Pension Calculation Formula
Monthly Pension = (Pensionable Salary × Service Years) / 70
Example: Average salary last 60 months = ₹15,000, Service = 30 years
Monthly Pension = (₹15,000 × 30) / 70 = ₹6,428/month
EPS Pension Eligibility
- Minimum 10 years of service in EPF
- Pension starts at age 58 (early pension at 50 with reduced amount)
- Can withdraw EPS as lump sum if service less than 10 years
- Minimum pension: ₹1,000/month (proposed ₹7,500)
What is UAN (Universal Account Number)?
UAN is a 12-digit unique number allotted to every EPF member by EPFO. One UAN for lifetime, even if you change jobs.
- Single account for multiple employments
- Online EPF withdrawal without employer signature
- Track all PF accounts in one place
- Activate UAN at unifiedportal-mem.epfindia.gov.in
How to Check PF Balance Online
- EPFO Member Portal: Login at epfindia.gov.in with UAN and password
- UMANG App: Download govt app, select EPFO, view passbook
- SMS Service: Send “EPFOHO UAN ENG” to 7738299899
- Missed Call: Give missed call to 011-22901406 from registered mobile
- EPFO Passbook: Download PDF passbook with full transaction history
EPF Withdrawal Process Online
- Login to EPFO portal with UAN
- Go to “Online Services” → “Claim (Form-31, 19 & 10C)”
- Verify bank account and Aadhaar are linked
- Select claim type: Full Settlement (Form 19) or Partial Withdrawal (Form 31)
- Enter details and submit claim
- Amount credited to bank within 3-10 days if Aadhaar verified
Frequently Asked Questions (FAQs)
Q1. How is PF calculated on salary?
PF is calculated on basic salary + DA, not gross salary. Employee contributes 12%, employer contributes 12% (split as 3.67% to EPF + 8.33% to EPS). Example: Basic ₹30,000 → Employee PF = ₹3,600, Employer EPF = ₹1,101, Employer EPS = ₹2,499 (max ₹1,250).
Q2. What is PF full form in salary?
PF stands for Provident Fund. EPF means Employee Provident Fund. It’s a retirement savings scheme where both employee and employer contribute monthly.
Q3. How to check PF balance with PF number?
You cannot check PF balance with just PF number. You need UAN (Universal Account Number). Login at epfindia.gov.in with UAN + password, or give missed call to 011-22901406 from registered mobile.
Q4. How much interest do we get on PF?
Current EPF interest rate is 8.25% per annum (FY 2024-25), compounded annually. Interest is tax-free if withdrawn after 5 years of continuous service.
Q5. Can I withdraw my PF while working?
Yes, partial withdrawal is allowed for specific purposes like home purchase (after 5 years), marriage/education (after 7 years), medical emergency (anytime). Full withdrawal requires 2 months unemployment.
Q6. How much PF can be withdrawn while working?
Depends on purpose: Medical emergency (up to 6 months salary),
Marriage/Education (50% of employee share after 7 years), Home purchase (90% after 5 years), Pre-retirement (75% 1 month before retirement).Q7. What percentage of PF is deducted from salary?
12% of basic salary + DA is deducted from employee. Employer also contributes 12% (3.67% to EPF + 8.33% to EPS + 0.5% EDLI + 0.5% admin charges).
Q8. Is PF deducted from gross salary or basic?
PF is deducted from basic salary + DA only, not from gross salary. Gross includes HRA, conveyance, special allowances which are not part of PF calculation.
Q9. Can I withdraw employer contribution from PF?
Yes, but only at full settlement (retirement or 2 months unemployment). Partial withdrawals allow only employee contribution (12% share). Employer share cannot be withdrawn partially before retirement.
Q10. How to calculate EPF pension amount?
EPS Pension Formula: Monthly Pension = (Average Salary of last 60 months × Service Years) / 70. Minimum service required is 10 years. Pension starts at age 58.
Q11. What is VPF and how is it different from EPF?
VPF (Voluntary Provident Fund) is additional voluntary contribution beyond mandatory 12% EPF. You can contribute up to 100% of basic salary in VPF, earning same 8.25% interest, with Section 80C tax benefits (max ₹1.5L).
Q12. Is EPF interest taxable?
No, EPF interest is tax-free if withdrawn after 5 years of continuous service. If withdrawn before 5 years, interest is taxable as per income tax slab.
Q13. How long does EPF claim take?
3-7 days if Aadhaar and bank are seeded in UAN portal. Without Aadhaar verification, it takes 15-20 days. Manual processing with employer attestation can take 20-30 days.
Q14. How to withdraw PF online without employer signature?
Aadhaar-based online withdrawal doesn’t require employer signature. Ensure UAN active, Aadhaar seeded, bank account verified. Login to EPFO portal, submit Form 19/31 online. Amount credited in 3-7 days automatically.
Q15. What is EDLI in EPF?
EDLI (Employee Deposit Linked Insurance) is life insurance cover provided to EPF members. Coverage: Average balance of last 12 months or ₹7 lakh, whichever is lower. Premium: 0.5% paid by employer.