EPF Calculator India – Calculate PF Maturity Corpus, Interest & EPS Split
Calculate PF maturity corpus based on salary, contribution rules, and annual hikes.
Last Updated: January 2026 | Based on latest EPFO declared interest rate (8.25%).
Understanding Employee Provident Fund (EPF)
The Employee Provident Fund (EPF) is a retirement savings scheme managed by the Employees’ Provident Fund Organisation (EPFO). It is mandatory for salaried employees in companies with 20 or more workers. It acts as a safety net, ensuring financial stability after retirement.
Both the employee and the employer contribute 12% of the employee’s Basic Salary + Dearness Allowance (DA). However, the allocation of these funds differs significantly.
You can compare EPF returns with our PPF Calculator or NPS Calculator to evaluate long-term retirement strategies.
EPF vs EPS: The Critical Breakdown
Many employees assume the entire 24% (12% + 12%) goes into their PF account. This is incorrect. Here is how the money is actually split:
| Contributor | Share | Allocation |
|---|---|---|
| Employee | 12% | 100% goes to EPF Account. |
| Employer | 12% | 8.33% goes to EPS (Pension Scheme). *Capped at ₹1,250/month on ₹15,000 wage. |
| 3.67% goes to EPF Account. |
Note: The EPS portion does not earn interest. Instead, it builds up your “service history,” which determines your monthly pension amount after age 58.
EPF Interest Rate History
The interest rate is declared annually by the EPFO. It is compounded annually but calculated on the monthly running balance.
| Financial Year | Interest Rate |
|---|---|
| 2023-2024 | 8.25% |
| 2022-2023 | 8.15% |
| 2021-2022 | 8.10% |
| 2020-2021 | 8.50% |
Tax Benefits of EPF
EPF falls under the EEE (Exempt-Exempt-Exempt) tax category, making it one of the most efficient tax-saving instruments in India:
- Contribution Stage: Employee contribution is tax-deductible up to ₹1.5 Lakh per year under Section 80C.
- Interest Stage: Interest earned is tax-free (provided the employee’s annual contribution does not exceed ₹2.5 Lakh).
- Withdrawal Stage: The final maturity amount is tax-free if the employee has completed 5 years of continuous service.
Frequently Asked Questions
Can I increase my EPF contribution?
Yes, under the VPF (Voluntary Provident Fund) scheme, you can voluntarily contribute more than the mandatory 12% of your basic salary. This extra contribution goes entirely into your EPF account and earns the same interest rate. The employer is not obligated to match this extra amount.
What is UAN and why is it important?
UAN stands for Universal Account Number. It is a unique 12-digit number allotted to every employee contributing to EPF. It acts as an umbrella for multiple Member IDs allotted to you by different establishments. It allows you to link all your PF accounts and easily transfer funds when changing jobs.
When can I withdraw my EPF corpus?
You can withdraw the full corpus at retirement (age 58). However, partial withdrawals are allowed earlier for specific needs such as purchasing a home (after 5 years), marriage (after 7 years), or medical emergencies.
What happens to EPS if I change jobs?
When you transfer your EPF to a new employer, the EPF balance is transferred, but the EPS (Pension) amount stays. Instead, your “Service History” is updated. If your total service history is less than 10 years, you can withdraw the EPS amount using Form 10C. If service exceeds 10 years, you are eligible for a pension.