Employee Provident Fund (EPF) Calculator
epf calculator. Get instant, accurate results. Enter values for instant results with step-by-step formulas.
Reviewed by Sahil, Senior Finance & Tax Editor
Formula
Employee: 12% of basic | Employer EPF: 3.67% of basic | Employer EPS: 8.33% (to pension) | Compounds monthly
Both employee and employer contribute 12% of basic salary. Of the employer's 12%, 3.67% goes to EPF and 8.33% to EPS (Employee Pension Scheme, capped at ₹15,000 basic). Interest is compounded monthly.
Worked Examples
Example 1: ₹30K basic, age 25-58
Problem:₹30,000 basic, 8.15% rate, 5% annual increment, 25 to 58
Solution:With compounding and increments, corpus grows significantly
Result:~₹1.5 crore+ at retirement
Frequently Asked Questions
What is the difference between EPF and PPF?
EPF is for salaried employees with mandatory employer contribution and current rate of 8.25%. PPF is voluntary, open to all Indian residents, with a 15-year lock-in and current rate of 7.1%. Both offer Section 80C deductions and EEE tax benefits.
Reviewed by Sahil, Senior Finance & Tax Editor · Editorial policy