EPF Calculator

The Employees' Provident Fund (EPF) is a retirement savings scheme to which both you and your employer contribute every month. This calculator projects how large your balance could grow by retirement, based on your salary, age, expected raises and the interest rate.

Last reviewed: 11 November 2026

Interest share64.7%

EPF corpus at retirement: ₹1,31,17,280
In words: ₹1.31 crore
Your contributions (plus opening balance): ₹25,22,992
Employer contributions to EPF: ₹21,03,160
Interest earned: ₹84,91,129

Assumes a constant interest rate. The real rate is declared yearly. Interest above the tax-free contribution limit may be taxable.

Year-wise balance

EPF balance at the end of each year
Year	Age	Balance
1	31	₹74,597
2	32	₹1,59,861
3	33	₹2,56,898
4	34	₹3,66,917
5	35	₹4,91,236
6	36	₹6,31,298
7	37	₹7,88,674
8	38	₹9,65,082
9	39	₹11,62,394
10	40	₹13,82,652
11	41	₹16,28,082
12	42	₹19,01,112
13	43	₹22,04,385
14	44	₹25,40,784
15	45	₹29,13,445
16	46	₹33,25,786
17	47	₹37,81,528
18	48	₹42,84,720
19	49	₹48,39,769
20	50	₹54,51,471
21	51	₹61,25,042
22	52	₹68,66,158
23	53	₹76,80,989
24	54	₹85,76,245
25	55	₹95,59,222
26	56	₹1,06,37,850
27	57	₹1,18,20,747
28	58	₹1,31,17,280

You contribute 12% of your basic salary plus DA. Your employer also contributes 12%, but part of it goes to the Employees' Pension Scheme (EPS) instead of your EPF balance. EPS is 8.33% of wages up to the ₹15,000 ceiling, which is at most ₹1,250 a month. The calculator accounts for this split.

How to use this calculator

Enter your monthly basic salary plus DA.
Enter your current age, the age you expect to retire and your current EPF balance, if any.
Enter the expected yearly salary increase and the EPF interest rate.
Choose whether EPS applies to your employer's share, then read the projected corpus.

Formula and variables

Monthly contribution = 12% × Wage + (12% × Wage − EPS) EPS = 8.33% × min(Wage, ₹15,000) Year-end balance = Balance + Σ (monthly balance × rate ÷ 12)

Wage - monthly basic salary + DA.
EPS - the portion of the employer's 12% that goes to the pension scheme, not to your EPF balance.
Rate - yearly EPF interest rate. Interest is calculated monthly on the running balance and credited at year end.

The employee and employer contributions are added each month, and wages grow by your expected raise at the start of each new year.

Worked example

Asha, 30, has a basic + DA of ₹30,000, a zero opening balance, expects a 5% raise every year and retires at 58. Interest is 8.25%.

Inputs and results for the worked example
Basic + DA	₹30,000 a month
Age	30 to 58 (28 years)
Raise and rate	5% a year and 8.25%
EPF corpus at 58	₹1,31,17,280 (about ₹1.31 crore)

Year 1: employee 12% = ₹3,600; employer 12% = ₹3,600 less EPS of ₹1,250 = ₹2,350. Total ₹5,950 a month.
Each month's balance earns 8.25% ÷ 12, and the total interest is added at year end. Next year the wage rises 5%.
Repeating this for 28 years gives about ₹1,31,17,280. Changing the raise or the rate changes the answer noticeably.

What changes the result

Interest rate. EPFO declares the rate every year. 8.25% was reported for FY 2025-26. Future rates can be higher or lower.
Salary growth. Because contributions are a percentage of basic, bigger raises increase the corpus.
Years of service. More years bring more contributions and more compounding. Early years matter most.
EPS split. The pension share reduces what goes into your EPF balance but builds a monthly pension if you meet the conditions.

Benefits and practical uses

See how long-term compounding builds a retirement fund.
Check how much your employer contributes on your behalf.
Test the effect of a higher or lower interest rate.
Plan how much extra to save through PPF, NPS or mutual funds.

Assumptions and limitations

Contributions are made every month, on 12% of basic + DA, with no missed months.
EPS is calculated as 8.33% of wages capped at ₹15,000, for those to whom it applies.
The interest rate is the same every year. Voluntary PF (VPF) is not included.
Interest on very large yearly contributions may be taxable and is not modelled.
Withdrawals and transfers are not modelled.

Frequently asked questions

What is the current EPF interest rate?

8.25% was approved for FY 2025-26, as reported after EPFO and government approval. The rate is declared for each financial year, so check epfindia.gov.in for the latest.

How much do I and my employer contribute?

You contribute 12% of basic + DA. Your employer also contributes 12%, of which part (up to ₹1,250 a month) goes to the pension scheme.

How is EPF interest calculated?

Monthly on your running balance, at one-twelfth of the annual rate, and credited at the end of the financial year.

When can I withdraw my EPF?

Full withdrawal is possible on retirement at 58 or later, and partial withdrawals are allowed in specified situations. Check the rules on the EPFO site.

Is EPF interest taxable?

Interest is tax-free up to certain yearly contribution limits, and above those limits interest on the excess can be taxable. Check current rules.

Does this include VPF?

No. Voluntary contributions above 12% are not included.

References

Page last reviewed on 11 November 2026. This calculator gives estimates for planning only; it is not financial advice and not an offer from any lender.