EPF is 12% of basic pay plus dearness allowance.
Your age today.
EPF retirement age is usually 58.
Average yearly rise in basic pay.
Latest rate declared by EPFO: 8.25%. It is declared every year.
Quick examples
Starting at ₹30,000 basic, rising 5% a year, from age 28 to 58 at 8.25%.
What each result means
Balance at retirement
What it is: Employee + employer EPF share plus interest.
Your value: ₹1,60,92,843
The headline projection.
Your contributions
What it is: 12% of basic + DA, every month.
Your value: ₹28,70,158
Deducted from your salary.
Employer's EPF share
What it is: 12% minus the part that goes to the pension scheme (EPS).
Your value: ₹24,20,338
EPS pension money is not in this balance.
Total interest
What it is: Balance minus all contributions.
Your value: ₹1,08,02,347
Interest is credited once a year.
Year-by-year breakdown
| Age | Monthly basic (₹) | Contributions this year (₹) | Interest this year (₹) | Balance at year end (₹) |
|---|---|---|---|---|
| 29 | ₹30,000 | ₹71,406 | ₹3,191 | ₹74,597 |
| 30 | ₹31,500 | ₹75,726 | ₹9,538 | ₹1,59,861 |
| 31 | ₹33,075 | ₹80,262 | ₹16,775 | ₹2,56,898 |
Interest is worked out on the monthly running balance and credited at the end of each year, as EPFO does.
Showing the first 3 of 30 years. Want charts, formulas and the full schedule? Get the detailed PDF.
What this calculator does
The Employees' Provident Fund (EPF) collects 12% of your basic pay plus DA every month, and your employer adds 12% too. Of the employer's 12%, 8.33% (on pay up to ₹15,000) goes to the pension scheme (EPS); the rest goes to your EPF. This calculator grows the EPF balance at the declared rate until retirement.
What your result means
Salary rises make later contributions bigger, and compounding makes the last decade add the most. Withdrawing early breaks this compounding.
Formula
1. Monthly contributions and yearly interest
Symbols
- B
- Monthly basic + DA (₹)
- r
- Annual EPF rate (decimal)
Why this formula works
EPFO calculates interest each month on the running balance and adds it to the account once a year.
Unit check
₹ = ₹ × (no unit). ✓
Worked example
B = ₹30,000: employee ₹3,600, EPS ₹1,250, employer EPF ₹2,350 a month.
Common mistakes
Counting the full employer 12% as EPF — part of it goes to EPS. Compounding interest monthly instead of crediting yearly.
Working for your numbers
- Employee = 12% × ₹30,000 = ₹3,600 a month
- EPS = 8.33% × ₹15,000 = ₹1,250
- Employer EPF = ₹3,600 − ₹1,250 = ₹2,351
- After 30 years at 8.25%: ₹1,60,92,843
Frequently asked questions
Is the EPF rate fixed?
No. EPFO declares the rate each year. 8.25% is the latest declared rate used here; change the field to try others.
Is EPF interest tax-free?
Mostly. Interest on your own contributions above ₹2.5 lakh a year (₹5 lakh if the employer does not contribute) is taxable. Withdrawals after 5 years of continuous service are tax-free.
Where is my EPS pension?
EPS gives a monthly pension from 58 based on a formula; it is not part of this balance.
Does this calculator tell me what to do?
No. It is an educational estimate using published rules. It does not know your full situation. For a personal decision, speak to a qualified tax professional or a SEBI-registered investment adviser.
Symbols and assumptions
- B
- Monthly basic + DA (₹)
- r
- EPF rate (%)
- g
- Salary increase (%)
- Basic pay rises once a year by the increase you enter.
- The EPF rate stays the same until retirement.
- No withdrawals, no voluntary PF.
- EPS uses the ₹15,000 wage ceiling.
- Figures are in Indian Rupees (₹).
Sources and review
Reviewed 2026-10-05 · Next review 2026-12-31
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How it works
Mandatory savings for salaried employees where both employee and employer contribute.
The formula
Monthly contribution + interest compounding- S
- Basic Salary
- C
- Contribution %
Worked example
Tracking your retirement kitty with salary hikes.
Pro tips
- Check your UAN portal regularly for contributions.
Common mistakes
- Withdrawing EPF during job changes (losing compounding).
Go deeper
Related lessons
Concepts to explore
Related guides
Institutional grade calculations are illustrative and for educational wealth architecture. Results do not constitute investment advice.