Calculate EPF maturity amount, monthly contributions, and pension estimate
Built & maintained by Pappu Venkata Subbi Reddy, founder of Clacify · Updated July 2026 · Formulas verified against official Indian government sources
The EPF (Employees' Provident Fund) Calculator projects your PF maturity amount at retirement. Enter your age, basic salary (plus dearness allowance), expected annual increment, and any existing EPF balance to get a year-by-year growth projection. It uses the EPFO interest rate (8.25%, ratified again for FY 2025-26), the standard 12% employee contribution, and the employer's split — 3.67% to EPF and 8.33% to the EPS pension scheme. Understanding this split matters: only part of your employer's contribution grows in your PF corpus, while the rest funds your EPS pension. The calculator makes the difference clear and shows how salary increments compound your final corpus.
The employee contributes 12% of basic + DA; the employer also contributes 12%, of which 3.67% goes to EPF and 8.33% to EPS (the EPS share is capped at ₹1,250/month on the ₹15,000 statutory wage ceiling). Interest accrues monthly at one-twelfth of the annual EPFO rate (8.25% ÷ 12 ≈ 0.6875% per month) on the running balance and is credited at year-end. The calculator applies your annual increment as compound salary growth and carries forward any opening balance. Note: from FY 2021-22, interest on employee contributions above ₹2.5 lakh in a year is taxable. Figures are projections — the EPFO rate is declared annually.
| Contribution | Rate | Amount | Goes to |
|---|---|---|---|
| Your share | 12% of basic | ₹3,000 | EPF |
| Employer share | 8.33% (capped) | ₹1,250 | EPS (pension) |
| Employer share | balance | ₹1,750 | EPF |
| Total to EPF | — | ₹4,750/mo | your corpus |
| Total to EPS | — | ₹1,250/mo | pension pool |
The employer's EPS share is capped at 8.33% of the ₹15,000 statutory wage ceiling — a flat ₹1,250/month — unless you opted for higher pension. Everything else compounds in your EPF at the EPFO rate (8.25%).
Your own 12% goes entirely into EPF. But the employer's matching 12% is split: 8.33% funds the EPS pension scheme (capped at ₹1,250/month), and only the remaining ~3.67% is added to your EPF corpus. So on a ₹25,000 basic, ₹4,750 grows in your provident fund each month while ₹1,250 goes to a separate pension pool you receive as a monthly annuity after retirement. Most employees never see this split and overestimate their EPF corpus.
You can voluntarily contribute more than the mandatory 12% through Voluntary Provident Fund (VPF). It earns the same EPFO rate (currently 8.25%, tax-free), which for a 30% taxpayer is equivalent to a ~12% pre-tax fixed deposit — a rate no bank offers. VPF is the simplest way for salaried people to park surplus savings at a guaranteed, tax-advantaged rate, with the same withdrawal rules as EPF.
Since FY 2021-22, interest earned on your own EPF + VPF contributions above ₹2.5 lakh in a financial year is taxable (₹5 lakh if your employer makes no contribution). This mainly affects high earners doing large VPF top-ups. Below that threshold, EPF interest remains fully tax-free — so for most salaried employees the EEE benefit is intact.
EPF interest is calculated monthly but credited annually. Each month, the running balance earns interest at 1/12th of the annual rate (8.25% ÷ 12 = 0.6875%/month for FY 2023-24). This monthly interest accumulates and is credited to your account at the end of the financial year. Contributions during the year earn interest from the month after contribution.
Yes, partially. You can withdraw up to 75% of your balance after 1 month of unemployment, the full balance after 2 months of unemployment. For specific purposes — home loan repayment, marriage, medical emergency, education — partial withdrawals are allowed after varying service periods. Tax is applicable if total service is less than 5 years. After retirement (age 58), the full balance is tax-free.