EPF Calculator
Employee Provident Fund corpus projection.
Inputs
This calculator applies to India — the rules behind it are Indian tax/regulatory rules, not just the currency, so it isn't shown in other currencies.
This calculator is for general information only and isn't financial advice. Rates, tax rules, and your actual eligibility depend on your specific situation — check with your bank or a qualified advisor before acting on it.
Formula
Balance_y = (Balance_{y−1} + Employee + Employer) × (1 + r)
Each year, employee and employer contributions (as percentages of basic salary) are added to the running balance, and the combined amount earns interest at the government-notified EPF rate. Interest compounds annually on the balance after contributions.
Worked example
On ₹30,000 basic with 12% employee and 12% employer contributions for 20 years at 8.25% interest, the EPF corpus grows to roughly ₹36 lakh against ₹17.3 lakh contributed — the employer match and compounding do much of the heavy lifting for salaried retirement savings.
Where this can give the wrong answer
- EPF contribution is capped at 12% of ₹15,000 basic for some wage codes under the new labour codes — this calculator applies the percentage to the full basic you enter.
- Voluntary Provident Fund (VPF) top-ups above 12% aren't modelled — only the standard employee and employer shares.
- EPF interest rates are announced annually by the EPFO; the rate you enter is held constant for the projection.
FAQ
- Employer PF is part of CTC — it's money your company sets aside for you, not an additional bonus. Together with employee PF, it forms a forced retirement savings pool that earns tax-free interest.