EPF Calculator
Your Provident Fund corpus at 60 on the correct EPFO model — employer split after EPS, monthly interest accrual, annual compounding and yearly raises.
Year-wise EPF balance
| Year | Contributed | Balance at year end |
|---|---|---|
| 1 | ₹57,000 | ₹59,155 |
| 2 | ₹1,17,600 | ₹1,26,927 |
| 3 | ₹1,81,980 | ₹2,04,213 |
| 4 | ₹2,50,329 | ₹2,91,994 |
| 5 | ₹3,22,845 | ₹3,91,342 |
| 6 | ₹3,99,738 | ₹5,03,427 |
| 7 | ₹4,81,225 | ₹6,29,528 |
| 8 | ₹5,67,536 | ₹7,71,039 |
| 9 | ₹6,58,913 | ₹9,29,482 |
| 10 | ₹7,55,608 | ₹11,06,516 |
| 11 | ₹8,57,889 | ₹13,03,952 |
| 12 | ₹9,66,033 | ₹15,23,761 |
| 13 | ₹10,80,335 | ₹17,68,095 |
| 14 | ₹12,01,102 | ₹20,39,296 |
| 15 | ₹13,28,657 | ₹23,39,916 |
| 16 | ₹14,63,339 | ₹26,72,735 |
| 17 | ₹16,05,506 | ₹30,40,778 |
| 18 | ₹17,55,532 | ₹34,47,341 |
| 19 | ₹19,13,808 | ₹38,96,008 |
| 20 | ₹20,80,749 | ₹43,90,681 |
| 21 | ₹22,56,786 | ₹49,35,606 |
| 22 | ₹24,42,375 | ₹55,35,401 |
| 23 | ₹26,37,994 | ₹61,95,087 |
| 24 | ₹28,44,144 | ₹69,20,126 |
| 25 | ₹30,61,351 | ₹77,16,457 |
| 26 | ₹32,90,169 | ₹85,90,535 |
| 27 | ₹35,31,177 | ₹95,49,375 |
| 28 | ₹37,84,986 | ₹1,06,00,605 |
| 29 | ₹40,52,235 | ₹1,17,52,509 |
| 30 | ₹43,33,597 | ₹1,30,14,092 |
What is the Employees' Provident Fund?
The Employees' Provident Fund (EPF) is the retirement corpus that builds itself through payroll: 12% of your basic salary plus DA is deducted every month, your employer adds a matching 12%, and the balance earns interest — currently 8.25% per annum, declared each year by the EPFO. What surprises most people is the employer split: 8.33% of basic, capped at the ₹15,000 wage ceiling, is diverted to the Employees' Pension Scheme (EPS), so at most ₹1,250 a month of the employer share funds your pension instead of your PF balance.
This calculator models the corpus at 60 on the exact EPFO convention — the EPS diversion, monthly interest accrual with annual crediting, and your expected yearly salary increases — so the projection behaves the way your PF passbook actually does.
How the EPFO model works
- Your contribution — 12% of basic + DA is the statutory minimum; anything you set above it (up to 25% in the widget) is a voluntary VPF top-up earning the same rate.
- Employer split — of the employer's 12%, the EPS pension takes 8.33% of basic capped at the ₹15,000 wage ceiling: a flat ₹1,250 a month for any basic of ₹15,000 or more, whole-rupee rounded per EPFO practice. Only the remainder is credited to your EPF.
- Interest — accrues monthly at 8.25% ÷ 12 on the previous month-end balance, so a month's contribution starts earning from the following month; the accrued interest is credited and compounded once at year end.
- Salary growth — contributions rise each year with your expected annual increase.
The 8.25% rate is the EPFO declaration for FY 2024-25 and is revised annually.
How to use this calculator
- Enter your monthly basic salary + DA — the contribution base, not your full CTC.
- Set your current age; the calculator projects to retirement at 60.
- Keep your contribution at the statutory 12%, or push it higher to model a VPF top-up.
- Set the expected annual salary increase — 5% is a reasonable default.
The outputs show total contributions, interest earned, the amount routed to EPS pension and the EPF corpus at 60, with the year-wise balance below.
A worked example
Monthly basic of ₹25,000 at age 30, 12% contribution, 5% yearly raises:
- Total EPF contributions over 30 years: ₹43,33,597
- Interest earned: ₹86,80,495
- Routed to EPS pension: ₹4,50,000 (₹1,250 × 360 months)
- EPF corpus at 60: ₹1,30,14,092 — about ₹1.30 crore
Two-thirds of the final corpus is interest. Calculators that skip the EPS split or credit a full year's interest in the deposit year can miss the true figure by a wide margin.
Because 8.33% of basic — capped at the ₹15,000 EPS wage ceiling, i.e. up to ₹1,250 a month — is diverted to the Employees' Pension Scheme. Only the remainder of the employer share is credited to your EPF account. This calculator models that split exactly.
8.25% per annum, the EPFO declaration for FY 2024-25. The rate is declared annually and is revisable. Interest accrues monthly on the prior month-end balance and is credited to the account once a year.
Your own contributions qualify for Section 80C under the old regime. Interest on your contributions above ₹2,50,000 a year is taxable (a rule in force since FY 2021-22). Withdrawal of the full corpus is tax-free after five years of continuous service.
It funds a defined-benefit pension from age 58, computed by the EPS formula (pensionable salary × pensionable service ÷ 70), subject to the scheme's caps. It never appears in your EPF passbook balance — which is why this calculator reports it as a separate figure.
Many tools skip the EPS diversion, use a stale interest rate, or credit a full year of interest on every deposit in the year it is made. This engine follows the EPFO convention — contributions earn from the month after deposit, interest credited annually — and is regression-tested against independently computed values.
Yes — that is the Voluntary Provident Fund (VPF). Raise the contribution slider above 12% here, or use our dedicated VPF calculator to see the top-up modelled separately with its own breakdown.