EPF Calculator (Employees’ Provident Fund)
EPF Calculator (Employees' Provident Fund)
Estimate your Employees’ Provident Fund balance at retirement from your Basic + DA, salary rises and the EPF interest rate, with the employer’s share split between EPF and the pension scheme (EPS).
EPF corpus
Basic + DA $30,000 a month, rising 5% a year, 25 years to retirement, 8.25% interest, EPS member, contributions on the full wage
EPF balance at retirement
- Bk
- the EPF balance at the end of year k; B0 is today’s balance
- R
- the yearly interest rate as a decimal
- ck
- the monthly contribution into EPF in year k: yours plus the employer’s share after the EPS part. The base is Basic + DA, or at most ₹15,000 if contributions are restricted to the ceiling
- 66
- 0 + 1 + … + 11: the months of interest the twelve contributions earn within their year under the monthly running-balance method
Worked example
Basic + DA $30,000 a month, rising 5% a year, 25 years to retirement, 8.25% interest, EPS member, contributions on the full wage
Year 1 each month: you 3,600; employer 3,600, of which 8.33% × 15,000 = 1,249.50 to EPS and 2,350.50 to EPF
Into EPF each month: 5,950.50; with interest that year: 5,950.50 × (12 + 66 × 8.25 ÷ 1200) = 5,950.50 × 12.45375 = $74,106
Each later year: last year's balance × 1.0825, plus that year's contributions and their interest, with the wage 5% higher
After 25 years: $94,96,314 — $20,61,811 from you, $16,86,961 from the employer, $57,47,543 interest
How EPF grows, and what this page assumes
Each month, you contribute 12% of your Basic + DA to the Employees’ Provident Fund, and so does your employer. Your employer’s 12% is split. For members of the Employees’ Pension Scheme (EPS), 8.33% of wages up to ₹15,000 a month, at most ₹1,250, goes to the pension fund and the rest goes to your EPF account. On a Basic + DA of ₹30,000 that is ₹3,600 from you and ₹3,600 from the employer, of which about ₹1,250 goes to EPS and about ₹2,350 to EPF. The EPS money does not appear in your EPF balance. It earns you a monthly pension from age 58, worked out from your pensionable salary and years of service, and this page does not calculate it.
Above ₹15,000 a month, contributions on the full wage are optional, and many employers restrict both shares to ₹15,000. That makes a large difference: on the example, contributions on the capped wage give about $22,19,748 instead of $94,96,314. Choose the option that matches your payslip.
Interest. The EPF interest rate is set each financial year by the Central Government on the recommendation of the EPFO’s Central Board of Trustees. It was 8.25% for 2025–26. It is calculated on the monthly running balance and credited to the account once a year, so each month’s contribution earns interest from the following month and the interest itself compounds yearly. The page holds the rate steady and raises the salary once a year, both simplifications. It also ignores withdrawals, voluntary contributions (VPF) and job changes where the balance was not transferred.
The rules changed in 2026. The Employees’ Provident Funds Scheme, 2026, made under the Code on Social Security, 2020, replaced the 1952 scheme from 1 July 2026. The contribution rates and the ₹15,000 ceiling stay as before. Interest on larger contributions can be taxable, and the tax rules change, so check the current position rather than relying on this page. For the rest of a retirement plan, see the retirement corpus calculator. This is arithmetic on the figures you enter, not financial advice.
Frequently asked questions
How is EPF interest calculated?
On the monthly running balance: each month’s closing balance earns a twelfth of the yearly rate, and the total is credited to the account at the end of the financial year. A contribution earns interest from the month after it is credited.
What is the EPF interest rate?
The rate for 2025–26 is 8.25% a year. It is declared every year, so the rate for later years may be different; try a lower figure as well.
Is the employer’s whole 12% added to my EPF?
Not if you are an EPS member. 8.33% of wages up to ₹15,000 (at most ₹1,250 a month) goes to the Employees’ Pension Scheme, and only the rest goes to your EPF account. Members who joined on or after 1 September 2014 with wages above ₹15,000 are not in EPS, so the whole 12% goes to EPF.
Does the EPS money come back as a lump sum?
No. After at least ten years of service it pays a monthly pension from age 58. With less service you can withdraw a benefit based on a table instead. It is not part of the EPF balance this page shows.
Related calculators
References
- Ministry of Labour and Employment, Government of India. Approval under paragraph 60(1) of the Employees’ Provident Funds Scheme, 1952 to credit interest at 8.25% for 2025–26 (letter R-11018/01/2023-SS-II, June 2026), notified by the Employees’ Provident Fund Organisation.
- Employees’ Provident Funds Scheme, 2026, notified under the Code on Social Security, 2020 on 29 June 2026, in force from 1 July 2026; wage ceiling of ₹15,000 a month notified 29 May 2026.
- Employees’ Pension Scheme, 1995: employer contribution of 8.33% of pay up to the wage ceiling diverted to the Pension Fund; EPFO, Rates of contribution. https://www.epfindia.gov.in
- Brealey RA, Myers SC, Allen F. Principles of Corporate Finance. McGraw-Hill. Present and future values, annuities and growing annuities.
- Central-bank inflation targets used as default inflation by currency: Reserve Bank of India (4% CPI, flexible inflation targeting framework); U.S. Federal Reserve (2% PCE); European Central Bank (2%); Bank of England (2% CPI); Bank of Canada (2%); Reserve Bank of Australia (2–3%); Bangko Sentral ng Pilipinas (3% ± 1). Actual inflation often runs above target.