EPF Calculator
Calculate Employee Provident Fund returns
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About EPF Calculator
Employee Provident Fund (EPF) is a retirement savings scheme for salaried employees. Both employee and employer contribute 12% of basic salary monthly. EPF offers guaranteed returns and complete tax exemption on withdrawal after 5 years of continuous service.
How Does EPF Work?
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1
Employee contributes 12% of basic + DA, employer matches with equal contribution
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EPF Organization (EPFO) manages and invests the funds
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Interest is credited annually (currently 8.25%)
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Withdrawals allowed for house purchase, medical emergency, education after certain years
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Full withdrawal allowed at retirement or after 2 months of unemployment
Example:
If basic salary is ₹50,000, monthly EPF contribution = ₹6,000 (employee) + ₹6,000 (employer) = ₹12,000. Over 33 years at 8.25%, maturity corpus will be approximately ₹2.35 crores!
Key Benefits
EEE Tax Benefit: Contribution, interest, and withdrawal all tax-free
Employer Contribution: Get matching contribution from employer
Guaranteed Returns: Fixed interest rate, currently 8.25%
Long-term Savings: Forced savings for retirement
Loan Facility: Can take advance for house, medical, education
Portable: Transfer EPF to new employer when changing jobs
Frequently Asked Questions
Can I withdraw EPF before retirement?
Partial withdrawal is allowed for specific purposes: buying/building house, children's education/marriage, medical treatment, or after 1 month before retirement. Full withdrawal allowed after 2 months of unemployment or at retirement (58 years).
Is EPF withdrawal taxable?
EPF withdrawal is completely tax-free if you've completed 5 continuous years of service. If withdrawn before 5 years (except in cases of illness or business closure), the withdrawal is taxable and TDS is deducted.
What is UAN and how to check EPF balance?
UAN (Universal Account Number) is a unique 12-digit number for all EPF members. You can check EPF balance online using UAN on EPFO website/app, via SMS, or by giving missed call to 9966044425.
Can I continue EPF after leaving job?
Yes, you can keep EPF account active even after leaving job. It will continue earning interest. Alternatively, you can transfer it to new employer's EPF or withdraw after 2 months of unemployment. It's best to keep it active for maximum accumulation.