EPF (Employee Provident Fund) Calculator

Employer + employee PF balance and interest.

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Employee Provident Fund (EPF) Calculator

12% employee + 12% employer (8.33% to EPS on basic cap). Interest & maturity tax-free.

Basic + DA (₹/month)

Employee contribution (%)

Employer contribution (%)

EPF interest rate (% p.a.)

Years of contribution

Monthly: Employee ₹6,000 + Employer ₹6,000 = ₹12,000

Estimated EPF balance

₹69,92,489

Total contributed: ₹28,80,000 · Interest: ₹41,12,489

What is it?

Employee Provident Fund (EPF) is a statutory retirement scheme for salaried employees. Employer and employee each contribute 12% of basic + DA. Interest and maturity are tax-free.

How it works

Enter basic + DA, contribution percentages, interest rate, and years. The calculator shows monthly contribution and estimated balance.

Rules, opening & closing

How to open, how to close, premature withdrawal rules, and main regulations for this scheme.

How to open an EPF account?: You do not open an EPF account yourself. When you join an employer covered under the Employees’ Provident Funds Act, the employer registers you with EPFO and opens your PF account. You get a UAN (Universal Account Number). Your 12% of basic + DA is deducted and the employer contributes 12% (8.33% to EPS, rest to EPF). No separate application is needed from the employee for opening.
How to close or withdraw at maturity?: EPF is not 'closed' at a fixed maturity; you withdraw when you retire (at 58 or on leaving the organisation after 58) or when you leave the job and remain unemployed for more than 2 months. To withdraw, use the EPFO member portal (unified member portal) or submit Form 19 (full withdrawal) or Form 10C (pension withdrawal). The full balance (employee + employer share + interest) is paid. Withdrawal after 5 years of continuous service is tax-free.
Can I close or withdraw prematurely? What are the rules?: Partial withdrawal is allowed for specific purposes: marriage, education, medical treatment, home purchase/construction, loan repayment, etc., subject to conditions and limits (e.g. up to 90% for home, 75% for illness). Full withdrawal before 5 years is allowed only if you have been unemployed for more than 2 months; in that case, the amount is taxable. TDS may apply. No withdrawal is allowed while still in service except for the permitted partial withdrawals.
What are the main rules and regulations?: Applicable to establishments with 20 or more employees (and certain notified establishments). Employee contributes 12% of basic + DA; employer contributes 12% (8.33% of basic, subject to cap, goes to EPS; balance to EPF). Interest is declared by the government each year (e.g. 8.15%). Balance is tax-free on withdrawal after 5 years. Nomination is mandatory. Transfer of PF is possible when changing jobs (one EPF account per UAN).
Who is eligible and what documents are needed?: All employees of covered establishments are eligible. No separate application to open; employer does the registration. For withdrawal/transfer you need UAN, Aadhaar linked to UAN, and bank account. KYC (Aadhaar, PAN) should be updated in the EPFO portal for smooth claims.

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