Retirement & Planning

EPF Calculator

Project employee provident fund balance using salary growth and EPF interest assumptions.

About the EPF calculator

The Employees' Provident Fund (EPF) is a retirement savings arrangement where eligible employees and employers contribute every month, and the EPF balance earns an interest rate declared for the relevant year. This calculator projects the EPF balance at retirement using salary, age, increment, and interest assumptions.

Use it to estimate how much statutory EPF could contribute to your retirement corpus, especially when comparing EPF with NPS, PPF, mutual funds, and other long-term assets. The calculator also separates employee contribution, employer EPF contribution, and interest earned.

The projection follows the calculator's default statutory model. It applies the ₹15,000 monthly wage ceiling for contributory wages, routes eligible employer contribution partly to EPS before age 58, and credits interest annually after monthly accrual. Your employer's actual policy can differ if PF is contributed on higher wages.

How do I use the EPF calculator?

  1. Enter monthly basic salary: Add your current monthly basic salary. The default projection caps contributory wages at ₹15,000 per month unless the underlying calculator model changes.
  2. Set your current age: Enter your current age so the calculator can determine how many contribution years remain until retirement.
  3. Choose retirement age: Set the age at which you want the EPF projection to stop. The calculator requires retirement age to be higher than current age.
  4. Add salary increment: Enter the annual basic salary growth assumption. In the default capped model, increments above the wage ceiling do not increase statutory contributions.
  5. Set EPF interest rate: Enter the annual EPF interest assumption. The default is 8.25%, but the declared rate can change in future years.
  6. Review the retirement balance: Check total EPF balance, employee contribution, employer EPF contribution, interest earned, and the yearly breakdown.

How is the EPF balance calculated?

EPF balance = employee EPF + employer EPF + credited interest

Before age 58, the calculator diverts 8.33% of capped wages to EPS when eligible, so only the remaining employer share is added to EPF. After age 58, the full employer 12% is treated as EPF contribution in this model.