Retirement planning
See roughly what EPF could add to your retirement savings.
EPF Calculator
Enter your basic salary and years to retirement to see an estimate of your provident fund.
Your files stay with you. Your files never leave your browser. This tool runs on your device: nothing is uploaded to our servers, so there is nothing for us to store or see.
How to use it
- Enter your monthly basic plus DA and your current EPF balance.
- Enter the years until retirement, the expected raise and the interest rate.
- Read the projected balance and the year table.
Where it helps
Job offers
Compare how a higher basic changes your EPF.
Early retirement
Check how years left affect the final balance.
Good to know
Stays in your browser
Figures you enter are worked out on your device and never sent to our servers.
An estimate
Rules change; confirm with HR or your CA before deciding.
Update the rate
EPFO announces the interest rate each year.
Questions people ask
How much will your EPF be worth at retirement?
Enter your monthly basic plus DA, current EPF balance, years to retirement, expected raise and the interest rate, and the calculator projects your balance with a year-by-year table. You pay 12% of basic plus DA; your employer's 12% is split between EPF and the pension scheme. It uses 8.25% by default.
- 12% Your contribution. Of basic plus DA.
- 8.25% Default rate. Declared for 2024-25.
- ₹1,250 Max to pension. 8.33% of ₹15,000.
- Year table Projection. Balance by year.
How much goes into EPF each month?
You pay 12% of basic plus DA. Your employer also pays 12%, but 8.33% of wages, calculated on a maximum of ₹15,000 so up to ₹1,250, goes to the Employees' Pension Scheme, and the rest, usually 3.67%, goes to your EPF account. The calculator applies these splits for you.
What interest rate does the calculator use?
8.25% by default, the rate declared for 2024-25. EPFO announces the rate each year, so change it to the latest figure. Small changes in the rate make a noticeable difference over 20 or 30 years, so try a slightly lower rate for a more cautious estimate.
Is EPF interest taxable?
Interest on your own contributions above ₹2.5 lakh a year, or ₹5 lakh if there's no employer contribution, is taxable. This tool doesn't model that tax. For most salaried employees, contributions are well below that limit, so the interest remains tax-free. Check with your CA.
Why is the result different from my passbook?
EPFO credits interest once a year on monthly running balances, and your actual salary, raises and the declared rate will differ from the estimate. The calculator is for planning. Check your actual balance in the EPFO passbook or the UMANG app. Recheck yearly. Use the passbook figure as your starting balance.
What salary should I enter?
Your monthly basic pay plus dearness allowance, which is what EPF is calculated on, not your gross or CTC. Some employers contribute on a capped wage of ₹15,000 rather than the full basic, so check your payslip's EPF deduction to see which applies to you.
Is my data stored?
No. The projection is calculated in your browser, so your salary and balance aren't sent anywhere or stored. You can try different raises and retirement ages privately, as often as you like. Nothing is stored after you close the page, and there's no account, email address or sign-up needed to use it.
What is the Employees' Pension Scheme?
EPS is a pension scheme funded from part of your employer's contribution. It pays a monthly pension after retirement based on service and salary, subject to its rules. That part doesn't appear in your EPF balance, which is why the employer's EPF share is less than 12%.
What raise should I assume?
A realistic average for your career, such as 5% to 8% a year, rather than a hopeful best case. Try two or three values to see a range. Raises affect the projection a lot because higher salaries mean higher contributions every year after. Be realistic.
Can I add voluntary contributions?
Yes, through the Voluntary Provident Fund, where you contribute more than 12% and it earns the EPF rate. This calculator focuses on the standard contributions; for a rough idea, increase the salary figure to include your voluntary amount. Ask HR how to start VPF contributions.
Can I withdraw EPF before retirement?
Partial withdrawals are allowed for specific purposes such as housing, education, marriage or medical needs, subject to EPFO rules and service conditions. Withdrawing early reduces the compounding that makes EPF valuable, so use it carefully. Check EPFO's current rules before applying. The UMANG app lists the options.
What happens to EPF when I change jobs?
Your UAN stays the same, and you should transfer your EPF balance to the new employer's account rather than withdrawing it. Transfers keep your service continuous for tax purposes and keep the money compounding towards retirement. Transfers can be requested online. Link your UAN with the new employer.
How does EPF compare with PPF?
Both are long-term, government-backed savings. EPF is linked to employment and salary, with employer contributions; PPF is voluntary, open to anyone, with a 15-year term. Many salaried people use both. The PPF calculator shows the other side. They work well together. Each has a different lock-in period.
How accurate is the projection?
It's a reasonable estimate, but future salaries, raises and interest rates are unknown. Treat it as a guide to the order of magnitude, update it once a year with real figures, and don't rely on it alone for retirement planning. Use it as a guide.
Does it work on a phone?
Yes. Enter your figures on your phone and read the projected balance and year table. It's useful when reviewing a job offer or your annual salary revision. No app is needed, nothing you enter is uploaded, and the year table scrolls on small screens. Results update instantly.
Is it free?
Yes. The EPF calculator is free, with no sign-up and no limit. It's an estimate for planning; for advice on your own retirement, speak with a qualified financial adviser or your CA. Nothing you enter is stored, and there's no limit on how many scenarios you try.
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