EPF Calculator
Finance & InvestmentProject your provident fund to retirement, with the employer split and the ₹15,000 ceiling handled properly.
Runs entirely in your browser — nothing is uploaded
Most PF calculators quietly assume your employer’s full 12% joins your balance. It does not. Of their 12%, a slice of 8.33% goes to the pension scheme instead, and that slice is capped at 8.33% of ₹15,000 — ₹1,250 a month — however large your salary grows. This models the split properly, credits interest the way the EPFO actually does, and shows the pension contribution separately rather than folding it into a corpus you will never receive as a lump sum.
What people do next
Features
- Splits the employer’s 12% correctly between EPF and the pension scheme.
- Handles the ₹15,000 wage ceiling, with an option for employers who contribute on full basic.
- Accrues interest monthly and credits it annually, as the EPFO does.
- Grows your salary each year so the projection is not built on today’s basic.
- Carries an existing balance forward.
- Year-by-year table of contributions, interest and closing balance.
How to use the EPF Calculator
- 1Enter your monthly basic plus dearness allowance — not your full CTC.
- 2Add your current EPF balance if you have one.
- 3Set the years to retirement and the interest rate.
- 4Set an annual salary growth rate — this changes the answer more than anything else.
- 5If your employer contributes on your full basic rather than the ceiling, switch that on.
Frequently asked questions
How much does my employer actually add to my EPF?
Less than the 12% they contribute. Of that 12%, 8.33% of the pensionable wage goes to the Employees’ Pension Scheme and only the remainder joins your EPF balance. Because the pensionable wage is capped at ₹15,000, the EPS share is capped at ₹1,250 a month — so on a ₹50,000 basic, if your employer contributes on the ceiling, only about ₹550 a month of their money reaches your EPF.
What is the ₹15,000 EPF ceiling?
The statutory wage limit an employer must contribute on. Contributing on your full basic is permitted but optional, and many employers stop at the ceiling. It makes a large difference over a career, which is why this calculator asks: the toggle appears whenever your basic is above ₹15,000.
How is EPF interest calculated?
On the monthly running balance, but credited only once at the close of the financial year. That is slightly less generous than compounding monthly, and it is what this calculator models. The EPFO declares the rate annually — 8.25% was declared for FY 2024-25 — so a long projection is only ever as good as the assumption that it holds.
Is the pension amount part of my EPF corpus?
No, and this is why it is shown as a separate line. EPS money buys a monthly pension from the age of 58; it is not returned as a lump sum alongside your EPF balance. Adding the two together, which many calculators do, overstates what you will actually receive at retirement.
Is EPF taxable?
The maturity is tax-free provided you have five years of continuous service. Your own contribution qualifies under 80C. Since April 2021, interest on employee contributions above ₹2.5 lakh in a year is taxable — which affects high earners making voluntary contributions, and is not modelled here.