EPF Calculator
Under EPF you and your employer each contribute a share of basic plus DA, and part of the employer’s share goes to the pension scheme (EPS). This splits the contributions and projects the balance.
How to use this calculator
- Enter your monthly basic plus DA.
- Enter the years left to retirement and your current EPF balance.
- Optionally enter the yearly rise in your pay.
- Choose the date, and calculate.
How it is calculated
The employee contribution is a fixed share of basic plus DA. The employer contributes the same share, of which the pension part is calculated only on wages up to the statutory ceiling; the rest goes to the provident fund.
The balance grows at the EPF interest rate declared for the year. EPF credits interest once a year; this compounds monthly, so the projection runs slightly high.
Worked example
A basic plus DA of ₹30,000 for 25 years, starting from ₹2,00,000 with a 5% yearly pay rise: the year-by-year table shows the balance growing.
Run this worked exampleRelated calculators
- NPS CalculatorYour NPS corpus at retirement with pay rising year by year, the lump sum you may withdraw, and the pension the rest buys.
- GPF CalculatorGPF balance at retirement from monthly subscriptions at the notified interest rate.
- Retirement Corpus CalculatorWhat regular investing, stepped up each year, builds by retirement, year by year, and what it is worth in today’s money.
- Gratuity CalculatorGratuity on retirement, under either the government formula or the Payment of Gratuity Act.
Where the jobs are
Indicative only. The official order or notification governs, and every figure should be checked against it before you act on it.