SwiftCalcTools

EPF Calculator — Employee Provident Fund Calculator

Calculate your Employee Provident Fund (EPF) balance and interest. Know your PF corpus at retirement based on current salary and tenure.

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By SwiftCalcTools Editorial Team · Formula verified

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How to Use EPF Calculator

  1. 1Enter the required values in the input fields above.
  2. 2Click the Calculate button or results update instantly as you type.
  3. 3View your results in the output panel below the inputs.
  4. 4Adjust any values to recalculate instantly.

Frequently Asked Questions

Employee Provident Fund (EPF) is a retirement savings scheme managed by EPFO. Employees in establishments with 20+ workers earning up to ₹15,000/month are mandatorily covered. Others can opt in voluntarily. Both employee and employer contribute 12% of basic+DA monthly.
Of the employer's 12%: 8.33% goes to EPS (Employee Pension Scheme, capped at ₹1,250/month on ₹15,000 ceiling) and 3.67% goes directly to the EPF account. If basic+DA exceeds ₹15,000, the EPS contribution is still capped at ₹1,250/month.
The EPF interest rate for FY2023-24 is 8.25% p.a., declared by the EPFO Central Board of Trustees and approved by the Ministry of Finance. This rate is reviewed annually. Historical rates have ranged from 8.1% to 8.65% in recent years.
EPF is EEE (Exempt-Exempt-Exempt) if you withdraw after 5 years of continuous service — contributions get 80C benefit, interest is tax-free, maturity is tax-free. Withdrawal before 5 years is taxable. TDS at 10% applies on withdrawals above ₹50,000 before 5 years.
Yes. You can make partial withdrawals for specific purposes (home loan, medical, marriage, education) after a certain number of years. Full withdrawal is allowed after 2 months of unemployment. The EPFO portal (epfindia.gov.in) allows online claim submission.
EPF is the provident fund where both employee and employer contributions accumulate with interest. EPS (Employee Pension Scheme) receives 8.33% from the employer and provides a monthly pension after retirement (age 58, minimum 10 years of service). The pension amount is limited based on pensionable salary.