Calculate your EPF corpus at retirement based on your salary and years of service.
This tool estimates the accumulated Employee Provident Fund (EPF) balance at retirement, based on monthly salary, contribution rate, current age, retirement age, and expected interest rate. EPF is a mandatory retirement savings scheme for salaried employees in India.
Both employee and employer typically contribute 12% of basic salary (plus dearness allowance) monthly, with the accumulated balance compounding at the government-notified annual interest rate over the working years until retirement.
Enter your current basic salary, current age, retirement age, and the applicable EPF interest rate, and the calculator projects your accumulated EPF balance at retirement.
Example: An employee with a basic salary of ₹30,000, contributing 12% monthly (plus matching employer contribution) from age 25 to 58, would accumulate a substantial retirement corpus through decades of compound growth on combined contributions.
Is EPF contribution mandatory for all employees in India? EPF is generally mandatory for employees of establishments with 20 or more employees, with specific salary threshold rules determining exact applicability, though voluntary participation is sometimes possible below certain thresholds.
Does the employer's contribution go entirely into my EPF account? Not entirely — a portion of the employer's contribution is typically directed toward the Employee Pension Scheme (EPS), with the remainder going into the EPF account, according to specific allocation rules.
Is EPF interest taxable? EPF interest has generally been tax-exempt up to certain contribution thresholds, with amounts above that threshold potentially subject to taxation under current rules, so it's worth checking current tax regulations for specifics applicable to your situation.
Can I withdraw my EPF balance before retirement? Partial withdrawals are permitted under specific circumstances (such as home purchase, medical emergencies, or unemployment), while full withdrawal is generally allowed after retirement or a specified period of unemployment, subject to current rules.
How does EPF differ from PPF? EPF is an employer-employee linked scheme tied to salaried employment with mandatory contributions, while PPF (Public Provident Fund) is a voluntary scheme open to any individual, including self-employed people, with different contribution limits and rules.