About the EPF Calculator
This EPF calculator projects how much your Employees’ Provident Fund (PF) account will hold when you retire. Each month you contribute 12% of basic pay plus dearness allowance, and your employer contributes another 12% — of which 8.33% of wages up to the statutory wage ceiling normally goes to the Employees’ Pension Scheme (EPS) and the rest to your EPF account. The wage ceiling was raised from ₹15,000 to ₹25,000 a month with effect from 17 September 2026, so the maximum EPS share is now ₹2,083 a month (it was ₹1,250).
Enter your current age, basic salary, expected yearly increment and the EPF interest rate to see your projected corpus, how much came from you, from your employer and from interest, and an estimate of the EPS pension you may qualify for. The default rate is 8.25%, the rate declared for FY 2023-24, FY 2024-25 and FY 2025-26 (the Central Board of Trustees recommended 8.25% for 2025-26 in March 2026). The FY 2026-27 rate has not been declared yet, so the projection assumes 8.25% continues; adjust it if it changes.
Interest is calculated on the monthly running balance and credited once a year, which is how EPFO computes it. Choose how your employer’s share is split: the standard EPS split, all 12% to EPF (for members not in EPS), or contributions only on the ₹25,000 statutory wage ceiling. The EPS pension estimate values all your service on the current ₹25,000 ceiling; service before 17 September 2026 may be valued on the old ₹15,000 ceiling, so treat it as an upper estimate for long-serving members.
With the default inputs, the epf corpus at retirement is ₹23,702,330.36. Change any value above to recalculate instantly.
How to use the epf calculator
- 1Enter your current age and the age you plan to retire (58 by default).
- 2Enter your monthly basic salary plus DA and your expected yearly increment.
- 3Add your current EPF balance from your EPFO passbook.
- 4Keep 12% as your contribution, or raise it to include Voluntary PF.
- 5Choose how your employer contributes and review the corpus and EPS pension estimate.
Formula and method
You contribute 12% of basic pay plus DA each month. Your employer also contributes 12%, but 8.33% of wages up to the ₹25,000 ceiling (at most ₹2,083 a month since 17 September 2026; ₹1,250 on the earlier ₹15,000 ceiling) is diverted to the Employees’ Pension Scheme; the remainder goes into your EPF account. Basic salary rises by your yearly increment at the start of each year.
EPFO calculates interest on the running balance at the end of every month at one-twelfth of the annual rate, then credits the total at the end of the financial year, so interest compounds yearly. The EPS pension estimate uses the formula pensionable salary × pensionable service ÷ 70, where pensionable salary is the average pay of the last 60 months capped at the wage ceiling, service includes the years you have already completed, 20+ years earns two bonus years, service counts up to 35 years and the ₹1,000 minimum pension applies. It assumes you draw the pension at 58 and values all service on the current ₹25,000 ceiling.
- Basic
- Monthly basic salary plus dearness allowance
- EPS
- Employer share diverted to the pension scheme
- rate
- Annual EPF interest rate declared by EPFO
Worked examples
Age 30, ₹50,000 basic, 5% increments, 8.25%
You put in ₹6,000 a month and your employer ₹3,917 after ₹2,083 goes to EPS on the new ₹25,000 ceiling. Over 28 years with 5% raises you contribute about ₹42 lakh and your employer about ₹35 lakh, and with the ₹2 lakh opening balance, interest takes the corpus to about ₹2.37 crore. Five past years plus 28 more gives 33 years of service, plus two bonus years, capped at 35: ₹25,000 × 35 ÷ 70 = ₹12,500 a month of EPS pension.
Flat ₹25,000 basic for 10 years, no opening balance
On ₹25,000 you contribute ₹3,000 a month and your employer ₹917 (₹3,000 minus ₹2,083 to EPS), so ₹3,917 reaches your EPF account. After 10 years at 8.25% the balance is about ₹7.2 lakh, and the EPS pension estimate is ₹25,000 × 10 ÷ 70 ≈ ₹3,571 a month.
Age 45, ₹18,000 basic, 8 years of past service
Below the ceiling, EPS takes 8.33% of ₹18,000 = ₹1,499.40, leaving ₹661.20 of the employer’s ₹2,160 for EPF, so ₹2,820.60 a month is deposited. By 58 the corpus reaches about ₹19.4 lakh. Eight past years plus 13 more is 21 years, which earns two bonus years (23), and the last five years’ average pay exceeds ₹25,000, so the pension is ₹25,000 × 23 ÷ 70 ≈ ₹8,214.
Frequently asked questions
What is the current EPF interest rate?+
The EPF rate is 8.25% a year for FY 2023-24, FY 2024-25 and FY 2025-26; the Central Board of Trustees recommended the 2025-26 rate on 2 March 2026 and the government then ratified it. The rate is set every year, and the FY 2026-27 rate is usually announced early in 2027.
What is the EPF wage ceiling in 2026?+
The statutory wage ceiling was raised from ₹15,000 to ₹25,000 a month with effect from 17 September 2026, the first change since 2014. EPS contributions are now worked out on wages up to ₹25,000, so the maximum employer share to EPS rises from ₹1,250 to ₹2,083 a month.
How is EPF interest calculated?+
Interest is computed on the monthly running balance at one-twelfth of the annual rate and credited to your account once a year, at the end of the financial year. It then earns interest in following years.
How much does my employer contribute to EPF?+
Your employer pays 12% of basic plus DA. Of that, 8.33% of wages up to the ₹25,000 ceiling (maximum ₹2,083 a month from 17 September 2026) goes to the Employees’ Pension Scheme and the balance to your EPF account.
Is EPF interest taxable?+
EPF withdrawals after five years of continuous service are tax-free. However, interest on employee contributions above ₹2.5 lakh a year (₹5 lakh where there is no employer contribution) is taxable each year.
Can I withdraw EPF before retirement?+
Yes. Partial withdrawals are allowed for purposes such as housing, education, marriage and illness, and you can settle the account after a period of unemployment. EPFO revised the partial-withdrawal and final-settlement rules in 2025, so check the current conditions on the EPFO portal. Withdrawals before five years of continuous service may be taxable and attract TDS.
Results are estimates for educational purposes and are not financial advice. Rates, fees and terms vary — confirm with your lender or a licensed advisor before making decisions.