How the EPF Calculator Works
Enter your basic salary, employee and employer contribution percentages, expected annual salary increase, the EPF interest rate, your current PF balance (if any) and the number of years remaining in service.
The calculator simulates your EPF balance month by month: your basic salary grows once a year by the increase percentage, monthly contributions from both you and your employer are added to the balance, and interest is accrued monthly but credited once a year — the same way EPFO computes interest on the running balance.
You'll see your total employee and employer contributions, the total interest earned, and the estimated EPF balance at the end of the period, along with a year-wise breakdown.
Formula Used
Contributions and interest accrue monthly on the running balance:
Balance += (Employee Contribution + Employer Contribution) each month, then + Monthly Interest- Employee ContributionBasic Salary × Employee Contribution %
- Employer ContributionBasic Salary × Employer EPF Contribution %
- Monthly InterestRunning Balance × (Annual Rate ÷ 12)
Example Calculation
An employee with a starting basic salary of ₹30,000/month.
- Basic Salary₹30,000/month
- Employee Contribution12%
- Employer EPF Contribution3.67%
- Annual Salary Increase5%
- Interest Rate8.25% p.a.
- Years of Service20 years
- ResultEstimated EPF Balance ≈ ₹65–70 lakh (varies with exact inputs and current balance)
Important Assumptions
- By default, employees contribute 12% of basic salary to EPF. Of the employer's matching 12% contribution, current rules route 8.33% to the EPS (Employees' Pension Scheme, subject to a salary cap) and only the remaining 3.67% to EPF — this calculator lets you set the employer's EPF-eligible percentage directly since actual splits depend on your salary structure and applicable rules.
- The EPF interest rate is declared by the EPFO (Employees' Provident Fund Organisation) each year and can change — the rate used here is whatever you enter, so check the latest declared rate for accuracy.
- This calculator assumes a single annual salary increment applied uniformly and does not model job changes, bonus-linked PF contributions, or Voluntary Provident Fund (VPF) top-ups.
- Withdrawals, loans against the PF balance, and the tax treatment of EPF withdrawals (which depends on years of continuous service) are not modelled here.