Tools To India

EPF Calculator

Enter your current basic salary and expected increments to project what your EPF balance could be worth by the time you retire.

Last updated

₹30K

Check your passbook on the EPFO member portal.

Currently 8.25% p.a., declared annually by EPFO.

Contribution basis

The result updates as you type. Nothing you enter is saved, sent to a server or shared.

Projected EPF corpus at retirement

₹1,68,92,927

After 28 years of contributions and compounding

What builds the corpus

  • Your contributions: ₹34,86,140
  • Employer contributions: ₹30,66,140
  • Interest: ₹1,03,40,646
Your total contribution
₹34,86,140
Employer contribution to EPF
₹30,66,140
Total contributed
₹65,52,281
Interest earned
₹1,03,40,646
Corpus at retirement
₹1,68,92,927

Separately, into the pension scheme

Total EPS contributionBuilds a monthly pension under EPS. Not part of the EPF corpus above.
₹4,20,000
  • Assumes the current rate of interest continues for the whole period. EPFO declares the rate every year and it does change.
  • Assumes uninterrupted service with no withdrawal. Withdrawing at a job change is the single biggest thing that shrinks a real EPF corpus.

Year-by-year build-up

Year-by-year build-up
AgeMonthly basicContributed this yearInterestBalance
31₹30,000₹71,400₹3,191₹74,591
32₹32,100₹77,448₹9,615₹1,61,653
33₹34,347₹83,919₹17,087₹2,62,659
34₹36,751₹90,844₹25,729₹3,79,232
35₹39,324₹98,253₹35,677₹5,13,162
36₹42,077₹1,06,180₹47,081₹6,66,423
37₹45,022₹1,14,663₹60,104₹8,41,190
38₹48,173₹1,23,740₹74,928₹10,39,858
39₹51,546₹1,33,451₹91,752₹12,65,061
40₹55,154₹1,43,843₹1,10,796₹15,19,699
41₹59,015₹1,54,962₹1,32,300₹18,06,961
42₹63,146₹1,66,859₹1,56,531₹21,30,351
43₹67,566₹1,79,589₹1,83,779₹24,93,720
44₹72,295₹1,93,211₹2,14,366₹29,01,297
45₹77,356₹2,07,785₹2,48,642₹33,57,724
46₹82,771₹2,23,380₹2,86,995₹38,68,099
47₹88,565₹2,40,067₹3,29,846₹44,38,012
48₹94,764₹2,57,922₹3,77,662₹50,73,596
49₹1,01,398₹2,77,026₹4,30,951₹57,81,573
50₹1,08,496₹2,97,468₹4,90,273₹65,69,314
51₹1,16,091₹3,19,341₹5,56,239₹74,44,894
52₹1,24,217₹3,42,745₹6,29,520₹84,17,158
53₹1,32,912₹3,67,787₹7,10,851₹94,95,796
54₹1,42,216₹3,94,582₹8,01,036₹1,06,91,414
55₹1,52,171₹4,23,253₹9,00,956₹1,20,15,622
56₹1,62,823₹4,53,930₹10,11,574₹1,34,81,126
57₹1,74,221₹4,86,755₹11,33,945₹1,51,01,826
58₹1,86,416₹5,21,878₹12,69,222₹1,68,92,927

How this calculator works

EPF is a long, quiet compounding machine. You contribute 12% of basic, your employer adds a similar amount less the pension diversion, and EPFO credits interest at a rate declared each year. Because the money is difficult to withdraw, it usually compounds undisturbed for decades — which is exactly why it ends up being the largest financial asset many salaried Indians own.

The projection here runs the calculation year by year rather than applying a single formula. Each year, contributions are added month by month, interest is credited on the running balance at the end of the financial year, and the basic salary is increased by your expected increment before the next year begins.

Two inputs dominate the outcome. The first is whether contributions are on full basic or on the ₹15,000 ceiling — the difference compounds into a very large gap over a career. The second is your increment rate, because contributions rise with basic salary, so a career of steady raises produces far more than the same starting salary held flat.

The EPS figure is shown separately and deliberately excluded from the corpus. It is not a lump sum you receive; it funds a monthly pension under a different set of rules.

The formula

Each year

Contributions = (employee 12% + employer EPF share) × 12 Interest = (opening balance + weighted contributions) × rate Closing balance = opening + contributions + interest

weighted
A contribution made in month 1 earns interest for 12 months, month 2 for 11, and so on — an average of 6.5 months

EPFO calculates interest on the monthly running balance and credits it at the close of the financial year. Weighting the contributions this way reproduces that treatment closely.

Salary growth

Basic in year n = current basic × (1 + increment)ⁿ⁻¹

Worked example: ₹30,000 basic at age 30, retiring at 58

Arjun is 30, his basic plus DA is ₹30,000 a month, his employer contributes on full basic, he expects 7% annual increments, and interest holds at 8.25%.

Step-by-step calculation for the worked example
Starting monthly basic₹30,000
Years to retirement28
Monthly contribution in year 1 (both sides, into EPF)₹5,950
Monthly contribution in year 28 (basic ≈ ₹1,92,000)≈ ₹44,800
Total contributed over 28 years≈ ₹1.02 crore
Interest earned≈ ₹1.44 crore
Projected corpus at 58≈ ₹2.46 crore

More than half the final corpus is interest rather than contribution. That is the whole point of leaving EPF untouched: the interest earned in the last five years alone exceeds everything contributed in the first fifteen.

Things worth knowing

  • The interest rate is declared annually and has varied over the years. A projection at today’s rate is an illustration, not a promise.
  • Withdrawing EPF at a job change is the most common reason real corpuses fall far short of projections. Transfer the balance instead — with a single UAN this is now largely automatic.
  • EPF withdrawal is tax-free after five years of continuous service. Withdrawing earlier makes the amount taxable and, in most cases, attracts TDS.
  • Partial withdrawals are permitted for specific purposes such as housing, medical treatment, marriage and education, each with its own eligibility conditions and limits.
  • This projects EPF only. Your EPS pension is a separate entitlement with its own formula based on pensionable salary and pensionable service.
  • Keep your KYC updated on the EPFO portal. Mismatched names or an inactive bank account are the usual reasons a claim gets rejected.

Frequently asked questions

How is EPF interest actually calculated?
EPFO computes interest on the monthly running balance but credits the total only at the end of the financial year. A contribution made in April therefore earns interest for twelve months, one made in March for one. This calculator applies the same weighting rather than assuming the whole year’s contribution sits there from day one.
Is my EPF corpus tax-free?
Withdrawal after five years of continuous service is generally exempt. Withdrawing earlier makes it taxable, with TDS applied above a threshold unless you submit the prescribed form. Interest on contributions above a specified annual limit is also taxable, which mainly affects large voluntary contributions.
Should I withdraw my EPF when I change jobs?
Almost never. Withdrawing resets continuous service, which affects the tax exemption, and removes the balance from a compounding pool that would otherwise keep growing for decades. Transferring to the new employer under the same UAN preserves both. The convenience of a lump sum today is rarely worth what it costs later.
What is the difference between EPF and EPS?
EPF is a lump sum you own, built from your contributions, part of your employer’s, and interest. EPS is a pension scheme funded by a diversion of up to ₹1,250 a month from the employer’s share; it pays a monthly pension after retirement, calculated from pensionable salary and service rather than from a balance.
Can I contribute more than 12%?
Yes, through Voluntary Provident Fund. Your employer is not required to match it, but the extra contribution earns the same interest rate as EPF and enjoys the same withdrawal rules. Check the current threshold above which interest becomes taxable before committing a large amount.

Sources

Every figure on this page is traceable to the official source below. If a source has changed since the date shown, please tell us and we will correct it.