Project your EPF corpus at retirement

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Enter your basic salary, age, and expected growth. We'll calculate the EPF balance you'll retire with — including employee + employer contributions and compounded interest.

EPFO 8.25% Rate Live Calculation Visual Breakdown

Your details

Estimated using current EPFO interest rate of 8.25% p.a.

Monthly Basic + DA

Age

Current

Retirement

EPF interest rate (% p.a.)

Annual salary growth (%)

Your EPF at retirement

₹1.10 Cr

At retirement after 33 years of contributions

Your monthly share₹3,000 (12%)

Total employee₹0

Total employer₹0

Interest earned₹0

Interest rate8.25% p.a.

How EPF is calculated

EPF combines monthly contributions from both you and your employer, then compounds annually at the rate set by EPFO.

01
Employee share
12% of your Basic + DA is deducted from your salary every month and credited to your EPF account.
```
employee = basic × 0.12
// e.g. 25000 × 12% = 3000
```
02
Employer share
Employer adds 12% too. 8.33% goes to EPS (capped at ₹15K basic) and 3.67% goes to your EPF.
```
employer = basic × 0.0367
eps = min(basic, 15000) × 0.0833
```
03
Interest compounds
EPFO declares yearly interest (8.25% for FY 2024-25). Credited annually on running balance.
```
balance = (balance + yr_contrib) × (1 + 0.0825)
// repeat each year
```

FormulaTotal = (Employee 12% + Employer 3.67%) × Basic+DA × 12, compounded yearlySalary growth and EPS apportionment factored in for realistic projection.

Why we use this formula by default.
Indian payroll convention, statutory references, and the SaaS tooling that runs payroll all converge on this approach. Below are the authoritative sources we cross-checked.

Statute

Employees' PF & Misc Provisions Act, 1952

Primary statute defining contribution rates and eligibility.

Regulator

EPFO Portal

Official Ministry of Labour & Employment authority for EPF.

Rate Notification

EPFO 8.25% (FY 2024-25)

Latest interest rate notification declared by EPFO board.

Payroll SaaS

RazorpayX / Keka

EPF + EPS apportionment logic used by Indian payroll software.

Tax Reference

ClearTax EPF Guide

EPF withdrawal taxation under Section 192A and Form 15G/H.

Originating Ref

EPFO Member Calculator

Official EPFO contribution tracker on epfindia.gov.in.

FAQs about EPF

Is EPF withdrawal tax-free?

Yes, EPF withdrawals are completely tax-free if you have completed 5 years of continuous service. Withdrawals before 5 years are taxable (and TDS at 10% applies if amount > ₹50,000).

What is the current EPF interest rate?

For FY 2024-25, EPFO has notified 8.25% per annum. The rate is reviewed every financial year and credited to EPF accounts after government approval.

Can I withdraw EPF before retirement?

Yes, with conditions. Full withdrawal: after retirement (58+), or 2 months of unemployment. Partial withdrawal: for housing, medical, marriage, education — each with specific eligibility rules.

What is EPS and how does it differ?

EPS (Employee Pension Scheme) is part of your employer's 12% contribution — 8.33% goes to EPS up to a salary cap of ₹15,000. EPS gives you a monthly pension after retirement; the rest accumulates in your EPF.

Is EPF mandatory?

Yes, for employees earning Basic + DA up to ₹15,000 in establishments with 20+ employees. Above ₹15,000, EPF is voluntary but most employers offer it. Once enrolled, you stay enrolled even if salary exceeds the threshold.

Can I increase my EPF contribution?

Yes — via Voluntary Provident Fund (VPF). You can contribute up to 100% of your Basic + DA. Same EPF interest applies, and same tax-free rules on withdrawal after 5 years.

What happens to EPF if I change jobs?

Your EPF is portable via your Universal Account Number (UAN). When you join a new employer, simply share your UAN — your new employer will transfer your old EPF balance to the new account. You can also do the transfer manually via the EPFO portal.

How is EPF interest calculated monthly?

Although interest is credited annually, EPFO calculates it on the running monthly balance. Your contributions earn interest from the month they're deposited. This is why early-year contributions earn more total interest than later ones.

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Project your EPF corpus at retirement

Your details

How EPF is calculated

Employee share

Employer share

Interest compounds

Employees' PF & Misc Provisions Act, 1952

EPFO Portal

EPFO 8.25% (FY 2024-25)

RazorpayX / Keka

ClearTax EPF Guide

EPFO Member Calculator

FAQs about EPF

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