EPF Calculator: How to Calculate Your EPF in 2026
Table of Contents
The Employees’ Provident Fund (EPF) is a government-supported retirement savings scheme in which both employers and employees make monthly contributions.
You can calculate your total EPF savings and plan your retirement with our free EPF calculator. Easily estimate your Provident Fund balance by entering your monthly contributions, interest rate, and tenure.
- Free tool – No charges or hidden fees
- Instant results – Get your projected fund value in seconds
- No login needed – Quick, secure, and hassle-free
Perfect for employees and employers looking to plan with accurate EPF projections. This article helps you understand EPF calculations, projections, and benefits.
What is EPF (Employee Provident Fund)?
The Employees’ Provident Fund (EPF) is a government-backed retirement savings scheme where both employees and employers contribute 12% of the employee’s basic salary and dearness allowance each month. Managed by the Employees’ Provident Fund Organization (EPFO), it helps employees build financial security for retirement through regular, long-term savings.
EPF is mandatory for organizations with 20 or more employees and applies to workers earning below ₹15,000 per month. However, many companies voluntarily offer it to all employees to promote financial security.
EPF Contribution & Interest Rates
Both employees and employers contribute a portion of the salary each month, and the balance grows over time with annual interest declared by the Employees’ Provident Fund Organization (EPFO). Understanding how contributions and interest work helps employees estimate their long-term savings more effectively.
How Much do You Contribute?
Both employees and employers contribute 12% of the employee’s basic salary and dearness allowance each month. While the employee’s full 12% goes to the EPF, the employer’s contribution is divided: 8.33% is directed to the Employee Pension Scheme (EPS), and 3.67% is added to the EPF account.
Example:
If basic salary + dearness allowance is ₹30,000 per month:
Employee contribution (12%) = ₹3,600
Employer contribution (3.67%) = ₹1,101 to EPF
Employer contribution (8.33%) = ₹2,499 to EPS
Interest Rates
The EPFO determines and updates the EPF interest rate each year. This rate, typically around 8-8.5%, is compounded annually, ensuring consistent growth of your retirement corpus. The credited interest is added to your balance at the end of each financial year, helping your savings grow steadily and securely over time.
How to Use Our EPF Calculator?
You can easily estimate your total EPF savings using our interactive EPF Calculator, located just below this section. Here’s how to use it in three simple steps:
- Enter basic salary and dearness allowance.
- Select the contribution rate (usually 12%) and enter years of service.
- Click “Calculate” to view the total EPF balance, including employer contributions and interest.
What Inputs do You Need?
You will need to enter age, basic salary + dearness allowance, contribution rate, tenure, and the current EPF interest rate.
What Outputs Will You Get?
The calculator instantly displays the total contributions, interest earned, and final maturity amount, allowing employees to plan their retirement savings with clarity and accuracy.
To understand how EPF is calculated, a hypothetical example set in 2024:
- Employee basic salary + dearness allowance: ₹20,000
- Employee contribution (12%): 12% × ₹20,000 = ₹2,400
- Employer contribution towards EPF (3.67%): 3.67% × ₹20,000 = ₹734
- Employer contribution towards EPS (8.33%): 8.33% × ₹20,000 = ₹1,666
Total monthly contribution to the employee’s EPF account = ₹2,400 (employee) + ₹734 (employer) = ₹3,134
Interest Calculation
At an interest rate of 8.5% per annum, the monthly rate is:
Monthly Interest Rate = 8.5% ÷ 12 = 0.708%
If the employee joins in January 2024, the total EPF contribution for January will be ₹3,134. Since EPF does not accrue interest for the joining month, the balance at the end of February 2024 will be:
- Total for February 2024 = ₹3,134 (Jan) + ₹3,134 (Feb) = ₹6,268
- Interest Earned for February: ₹6,268 × 0.708% = ₹44.39
This process continues monthly until retirement, with the interest compounding each month. The final EPF balance will be the sum of all contributions plus accumulated interest over the years.
Real-World Examples
Here are some sample calculations to help you visualize how contributions add up:
Example 1: ₹25,000 Monthly Salary
- Employee Contribution: ₹3,000
- Employer Contribution: ₹917
- Annual EPF Growth: Approx. ₹47,000 (including interest)
Example 2: ₹50,000 Monthly Salary
- Employee Contribution: ₹6,000
- Employer Contribution: ₹1,834
- Annual EPF Growth: Approx. ₹93,000 (including interest)
EPF Withdrawal Rules
Here are some key rules to follow.
Can I Withdraw before 60?
Yes, you are allowed to make partial withdrawals for marriage, medical emergencies, or home purchases after five years of continuous service.
Is the Withdrawal Taxable?
Withdrawals after 5 years of service are tax-free. Early withdrawals (made before the 5-year mark) may be subject to TDS and tax on the interest earned.
What if I Leave My Job?
You can either transfer your EPF to a new employer or withdraw the balance after two months of unemployment.
Benefits of a Provident Fund Calculator
An EPF Calculator helps salaried individuals make informed financial decisions by providing a precise estimate of their future savings. Here are the key benefits:
- Know your retirement amount: Calculate the EPF you’ll have by the time you retire at age 60.
- Plan your finances: Understand how your monthly contributions impact your long-term savings goals.
- Track contributions easily: Stay aware of how much you and your employer have contributed over time.
- Monitor interest growth: View how your fund balance increases each month with interest.
Conclusion
Understanding your EPF contributions helps you plan a secure and stress-free retirement. Use an EPF calculator to estimate your total savings and interest growth. Calculate your EPF retirement amount now to see how small monthly contributions add up over time.
You can also explore related tools like a gratuity calculator or retirement planners to gain a complete view of your financial future.
Frequently Asked Questions
How Can I Check My Employee Provident Fund Balance Online?
Visit the EPF portal and select the ‘e-Passbook’ option. Enter your UAN, password, and captcha. Click ‘Sign In’ and select your ‘Member ID’ to view your balance. This allows employees to monitor their Employee Provident Fund contributions and accumulated interest.
What is a PF Calculator, and How does It Help?
A PF calculator is an online tool that estimates your EPF savings at retirement. It calculates the maturity amount by considering monthly contributions, interest rates, and duration. This helps you plan your retirement by projecting future fund values based on contributions and interest. It simplifies financial planning and ensures accuracy in tracking savings and investments.
What are the Contribution Rates for EPF?
Employees contribute 12% of their basic salary and dearness allowance. Employers also contribute 12%, with 8.33% going to the Employee Pension Scheme and 3.67% to EPF. This consistent contribution helps in building a substantial retirement corpus over time.
How is the Employee Provident Fund Interest Rate Decided?
The Employees’ Provident Fund Organization (EPFO) decides the interest rate annually. The rate can vary based on economic conditions and EPFO’s financial performance. The interest rate is crucial as it affects the overall growth of PF savings.
How Can I Check My PF Balance Online?
You can check your PF balance at any time on the EPFO e-Passbook portal using your UAN.
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