EPF Calculator

Employees’ Provident Fund corpus at retirement, including the employer’s split into EPF and EPS.

Formula

employee 12% of basic; employer 12% split 8.33% to EPS (capped) and the rest to EPF

Tips

Of the employer’s 12%, a share equal to 8.33% of pensionable salary goes to the Employees’ Pension Scheme rather than your EPF balance. EPS is capped at a ₹15,000 pensionable salary, so above that the whole excess flows to EPF.
The EPF rate is declared annually by EPFO and has drifted down over the years. A projection to retirement is indicative, not a quotation.
Withdrawal is tax-free after five years of continuous service. Withdrawing earlier makes it taxable and may attract TDS.
Voluntary Provident Fund lets you contribute more than 12% at the same rate, though interest on contributions above ₹2.5 lakh a year is taxable.

Frequently asked questions

What happens to EPS?

It funds a monthly pension after 58, subject to at least ten years of eligible service. The pension is calculated on pensionable salary and service, not on the balance accumulated, so it is not simply your money back.