The EPF interest rate for 2024–25 was 8.25%, credited yearly. EPF withdrawals after 5 years of continuous service are tax-free. Voluntary contributions (VPF) earn the same rate.
How to use the EPF Calculator – Employees’ Provident Fund
- Monthly basic salary + DA
- Your age
- Retirement age
- Current EPF balance
- Your contribution
- Expected yearly salary increase
- EPF interest rate
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter your monthly basic salary plus DA, your age, retirement age, current EPF balance, expected yearly salary increase and the EPF interest rate.
Tips
- Figures use the latest published rates; government scheme rates are revised every quarter.
- Choose between the old and new tax regimes carefully – deductions only count in the old regime.
- Keep proofs of investments and rent for your employer and the tax return.
- Use the official portal of each scheme for exact maturity values.
Common mistakes to avoid
- Assuming scheme interest rates are fixed for the whole term.
- Forgetting tax on interest from fixed and recurring deposits.
- Missing the yearly minimum deposit on PPF or Sukanya Samriddhi accounts.
Inputs explained
| Field | What to enter |
|---|---|
| Monthly basic salary + DA | Amount in ₹ |
| Your age | A number |
| Retirement age | A number |
| Current EPF balance | Amount in ₹ |
| Your contribution | In % |
| Expected yearly salary increase | In % |
| EPF interest rate | In % |
What each result means
- Years to retirement = max([Retirement age] – [Your age], 0)
- Employer’s monthly EPS contribution = min([Monthly basic salary + DA], 15000)×0.0833
- EPF balance at retirement = [Current EPF balance]×(1 + [EPF interest rate]÷100)^[Years to retirement] + gfv([EPF interest rate]÷100, [Years to retirement], [Monthly contribution to EPF (you + employer)]×12×(1 + [EPF interest rate]÷200), [Expected yearly salary increase]÷100, 0)
- Interest earned = [EPF balance at retirement] – [Current EPF balance] – [Total contributions]
Example values
How the main result changes when Monthly basic salary + DA changes and everything else stays at the example values above:
| Monthly basic salary + DA | EPF balance at retirement |
|---|---|
| 20,000 | 11,557,644.24 |
| 30,000 | 18,277,529.92 |
| 40,000 | 24,997,415.61 |
| 50,000 | 31,717,301.29 |
| 60,000 | 38,437,186.98 |
| 80,000 | 51,876,958.35 |
Formula
Monthly EPF contribution = 12% × (basic + DA) + 3.67% × (basic + DA) (the employer's other 8.33% goes to EPS, capped at ₹1,250)Balance = current balance × (1 + r)^n + growing yearly contributions compounded at the EPF rateWorked example
Inputs — Monthly basic salary + DA: ₹40,000; Your age: 28; Retirement age: 58; Current EPF balance: ₹150,000; Your contribution: 12 %; Expected yearly salary increase: 6 %; EPF interest rate: 8.25 %.
Results — Years to retirement = 30; Monthly contribution to EPF (you + employer) = ₹8,350.00; Employer's monthly EPS contribution = ₹1,249.50; EPF balance at retirement = ₹24,997,415.61; Total contributions = ₹7,921,630.26; Interest earned = ₹16,925,785.35.
Frequently asked questions
What is the EPF interest rate?
8.25% for 2024–25; it's announced each year by EPFO.
How much does the employer contribute?
12% of basic + DA: 8.33% to EPS (capped at ₹1,250) and the rest to EPF.
Is the EPF balance taxable?
Withdrawals after 5 years of service are tax-free; interest on employee contributions above ₹2.5 lakh a year is taxable.
What formula does the EPF Calculator – Employees' Provident Fund use?
Monthly EPF contribution = 12% × (basic + DA) + 3.67% × (basic + DA) (the employer's other 8.33% goes to EPS, capped at ₹1,250).