India: estimate your Employees' Provident Fund balance — employee and employer contributions, EPS split, and interest at the current declared rate.
Default 8.25% — the rate declared for 2024–25. Rates are declared annually: check the current EPFO rate and update this field.
Estimated EPF balance (EPF portion only)
How to use this tool
Your monthly basic salary plus dearness allowance — EPF is calculated on this, not total CTC.
How long you contribute, and the EPFO interest rate (default 8.25% for 2024–25, editable).
Employee and employer percentages, normally 12% each.
The balance shown is EPF only; the EPS slice builds a monthly pension, not this lump sum.
Formula & worked example
Basic + DA of ₹50,000 a month: you contribute ₹6,000 a month (12%), your employer contributes ₹4,750.50 to EPF plus ₹1,249.50 to EPS (8.33% of the ₹15,000 wage cap). Total EPF contribution is ₹129,006 a year; at 0% interest one year gives ₹129,006, and at 8.25% over 20 years compounding grows it well beyond contributions alone.
Limitations — read this before you rely on it
India-specific estimate. EPF interest is actually credited on monthly running balances and declared annually by EPFO, so this yearly model is an approximation, not a passbook figure. It excludes EPS pension benefits, withdrawals, transfers, tax on interest above thresholds, and wage changes over time. Always check current EPFO rates and your passbook.
Frequently asked questions
The Employees' Provident Fund: a retirement savings scheme for salaried employees in India, funded by contributions from both employee and employer on basic salary plus dearness allowance.
8.33% of wages (up to the ₹15,000 monthly wage cap) goes to the Employees' Pension Scheme (EPS); the remainder goes to EPF. On wages above the cap, the EPS part is capped at ₹1,249.50 a month.
The rate is declared by EPFO each year — 8.25% for 2024–25 is used here as an editable default. It is not fixed for the future, so update the field with the current declared rate.
Partial withdrawals are allowed for specified purposes (housing, medical, education) subject to conditions; full withdrawal is generally on retirement or after two months of unemployment. Rules and tax treatment depend on service length.
Contributions qualify for 80C deduction (old regime), and withdrawals after 5 years of continuous service are generally tax-free, subject to current rules and interest thresholds. Check the current rules for your situation.