What is EPF and how are contributions calculated?

The Employee Provident Fund (EPF) is a retirement savings scheme where both employee and employer contribute a percentage of the employee's basic salary. Typically, the employee contributes 12% and 3.67% of the employer's 12% goes to EPF (the remaining 8.33% goes to EPS). Interest is compounded annually on the running balance.

What is the current EPF interest rate?

The EPF interest rate is declared annually by the government. Recently it has been around 8.25% per annum. The rate may change each financial year based on the returns earned by the EPFO on its investments.

When can I withdraw my EPF balance?

Full EPF withdrawal is allowed upon retirement at age 58, or if you are unemployed for more than 2 months. Partial withdrawals are permitted for specific purposes like home purchase, medical emergencies, education, or marriage after meeting certain service criteria.

EPF Calculator

Calculate your Employee Provident Fund maturity value. See combined employee and employer contributions with compound interest growth.

EPF Details

Enter your salary details and contribution rates to project your EPF corpus at retirement.

Monthly Basic Salary

₹

Current EPF Balance

₹

Employee Contribution (%)

Standard: 12% of basic salary

Employer EPF Contribution (%)

3.67% of basic goes to EPF (rest to EPS)

Annual Interest Rate (%)

Current rate: ~8.25% p.a.

Years Until Retirement

Enter your details and click "Calculate EPF Maturity" to see projections.

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How It Works

Understanding EPF contributions and interest calculation.

Concept	Details
Employee Contribution	12% of basic salary deducted from your paycheck monthly
Employer Contribution	3.67% of basic goes to EPF; 8.33% goes to EPS (pension)
Monthly Additions	Both contributions are added to your EPF balance each month
Interest Compounding	Interest at the annual rate is compounded on the running balance each year
Maturity	Full withdrawal available at retirement (age 58) or after 2 months of unemployment

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