EPF Calculator
Your PF corpus at retirement, with the new ₹25,000 wage ceiling and the EPS split.
This month’s contributions
EDLI insurance and admin charges are paid by your employer on top and are not credited to you.
EPF balance at the end of each year
Year by year
How this was calculated
Results are estimates for general information and planning, not financial advice. Banks and institutions may calculate differently (rounding, fees, rate changes). Confirm figures with your lender or a qualified adviser before deciding.
About the EPF Calculator
Every month 12% of your basic pay and DA goes into your Employees’ Provident Fund, and your employer adds 12% more — but part of the employer’s share goes to the pension scheme (EPS), not to your PF balance. This calculator works out the real monthly split under the new ₹25,000 wage ceiling, then projects your EPF balance year by year until you retire.
Enter your age, basic + DA, current balance and expected pay rises. You can model voluntary PF (VPF), employers who contribute on your full basic pay, and members who are not in EPS. Interest is credited each 31 March at the declared rate (8.25% for FY 2025-26, editable), and the table flags any taxable interest on your own contributions above ₹2.5 lakh a year.
How to use it
- Enter your age, the age you expect to retire at and the month the projection starts. EPS pension contributions stop at 58; if you keep working after that, the employer’s whole 12% goes to your EPF.
- Enter your monthly basic + DA — your EPF wages, not your gross salary — and your current EPF balance from the EPFO passbook.
- Choose whether your employer contributes on wages capped at ₹25,000 or on your full basic + DA, and whether you are an EPS member. Add VPF if you contribute extra.
- Set your expected yearly pay rise and the interest rate, then read the corpus, the monthly split and the year-wise table. Copy the summary or download the table as CSV.
Examples
Corpus ₹48,54,772 · your contributions ₹10,08,000 · employer ₹3,08,112 · interest ₹35,38,660
Each month you pay ₹3,000; the employer pays ₹917 to EPF and ₹2,083 to EPS (EPS goes to your pension, not your PF balance).
You ₹6,000 + employer ₹3,917 to EPF each month (₹2,083 to EPS) · corpus ₹1,22,91,237 at 58
Your ₹30,000 a month passes ₹2.5 lakh in December, so interest on the excess becomes taxable: ₹1,031 in 2026-27
How EPF contributions are split
From EPFO’s wage-ceiling FAQs:
- You contribute 12% of your EPF wages (basic + DA + retaining allowance).
- Your employer also contributes 12%. Of that, 8.33% of wages up to the ceiling goes to the Employees’ Pension Scheme (EPS) and the rest — 3.67% at wages up to the ceiling — to your EPF account.
- At ₹25,000 wages that is ₹3,000 from you, ₹917 to EPF and ₹2,083 to EPS; at ₹20,000 it is ₹2,400, ₹734 and ₹1,666.
- The employer also pays 0.5% for EDLI insurance and 0.5% administration charges. These are not credited to you.
- EPS membership is only for employees whose wages were within the ceiling when they joined (or on 17 September 2026). If you are not in EPS, the employer’s whole 12% goes to your EPF.
- EPS membership continues until age 58 (EPFO’s EPS page). EPF contributions continue for as long as you work, and from 58 the employer’s 8.33% is credited to your EPF instead (EPFO FAQs). The calculator does this automatically when you retire after 58.
- Above the ceiling, contributions may be restricted to ₹25,000 wages unless you and your employer contribute on higher wages. Pick the option that matches your payslip.
The ₹25,000 wage ceiling
Notification S.O. 5109(E) under the Code on Social Security, 2020 raised the wage ceiling from ₹15,000 to ₹25,000 a month from its publication on 17 September 2026. For the September 2026 wage month, contributions are split by days: 1–16 September at the ₹15,000 ceiling and 17–30 September at ₹25,000. This calculator applies the old ceiling to months before September 2026 and the split to September itself. The ceiling is tested against your EPF wages (section 2(88) of the Code), not your gross salary. The government’s own 1.16% EPS contribution stays limited to wages of ₹15,000 (₹174 a month).
How interest is calculated
EPFO declares the rate for each financial year; it was 8.25% for FY 2025-26, which EPFO describes as compounded on the monthly running balance. This calculator works out interest each month on the balance at the start of the month — so a month’s contribution starts earning from the next month — and credits the year’s interest on 31 March. The rate for 2026-27 onwards is not yet known, so change it to test other rates.
Tax on EPF
Under the Income-tax Act, 2025:
- Your own contributions count towards the ₹1,50,000 deduction in section 123 (Schedule XI Part A, para 7) — in the old regime only.
- The balance paid when you leave is tax-free if you have 5 years or more of continuous service (counting service with earlier employers whose PF was transferred), or if service ended for reasons beyond your control (Schedule XI Part A, para 8).
- Interest on your own contributions above ₹2,50,000 in a year (₹5,00,000 where the employer does not contribute), for contributions from 1 April 2021, is taxable each year (Schedule II, serial 4). VPF counts towards the limit. The calculator tracks this excess separately and shows the taxable interest.
- Employer contributions to EPF, NPS and superannuation above ₹7,50,000 in a year, and the interest on them, are taxed as a perquisite (section 17(1)(h)–(i)).
What the EPS contribution gives you
The employer’s EPS share builds a monthly pension for life from retirement, then a pension for your spouse, with family and disability pensions if something happens during service. It is calculated from your pensionable salary and service, not from the money paid in, so it is shown separately here and not added to your EPF corpus.
Limitations
- Assumes you stay employed and contributing every month until retirement, with one pay rise each April and one interest rate throughout.
- Withdrawals, advances and job gaps are not modelled. EPFO allows up to 75% of the eligible balance to be withdrawn in specified circumstances.
- Contributions are rounded to the nearest rupee and interest is calculated on the monthly running balance; your passbook may differ slightly.
- Your current balance is assumed to contain no taxable contributions, and contributions made earlier in the current tax year (before the projection starts) are not counted towards the ₹2.5 lakh limit.
- The EPS pension amount is not calculated, and neither is the option to defer your pension and keep contributing to EPS after 58.
- Your birthday is not entered, so ages are counted from the start month; the month you turn 58 may differ by up to 11 months.
Privacy
Everything happens in your browser. What you enter or open here is not uploaded or stored by MySmartCoPilot.
Frequently asked questions
How much PF is deducted from my salary?
12% of your EPF wages (basic + DA). With the ₹25,000 ceiling that is ₹3,000 a month for wages of ₹25,000 or more, unless your employer contributes on your full basic + DA.
Why is the employer’s share in my passbook smaller than mine?
Because 8.33% of your wages, up to ₹2,083 a month at the ₹25,000 ceiling, goes to the pension scheme (EPS). Only the rest — ₹917 at ₹25,000 wages — is credited to your EPF account.
What is the EPF interest rate?
EPFO declared 8.25% for FY 2025-26. The rate is decided for each financial year, so later years may differ; enter a different rate to compare.
Is EPF interest taxable?
Usually not. Interest is taxable on your own contributions (including VPF) above ₹2.5 lakh a year. And if you withdraw before 5 years of continuous service (other than for reasons beyond your control), the tax benefits are reversed: tax is worked out as if the fund had not been recognised (Schedule XI Part A, para 9).
What changed with the ₹25,000 wage ceiling?
Employees with EPF wages up to ₹25,000 a month must be covered, and contributions that were capped at ₹15,000 wages can now be worked out on up to ₹25,000. For wages of ₹25,000 or more, the monthly contribution rises from ₹1,800 to ₹3,000 each side.
What happens to my PF contributions after 58?
If you keep working, you and your employer keep contributing to EPF. EPS membership ends at 58, so the employer’s 8.33% pension share is credited to your EPF account instead (EPFO FAQs). You can start drawing your EPS pension from 58 even while you work, or defer it.
Does VPF earn the same interest?
Yes. Voluntary PF is your own extra contribution to the same account and earns the EPF rate. Your employer’s share stays at 12% of EPF wages.