EPF Calculator — Employee Provident Fund Corpus Projection
This EPF calculator projects your future Employee Provident Fund retirement corpus based on your current basic salary, expected salary growth and years left to retirement — it is a forward-looking projection tool, not a balance checker. To see your actual current EPF balance, log into the EPFO member portal or the UMANG app with your UAN; this calculator cannot access that data and doesn't attempt to.
Your age today, used as the starting point for the projection.
The age at which you plan to stop working and withdraw your EPF corpus.
Basic pay plus dearness allowance — the figure EPF contributions are actually calculated on, not your full CTC.
Your existing EPF balance today, if you already have one — leave at 0 if you're starting fresh or unsure.
How much you expect your basic salary + DA to grow each year, on average, until retirement.
Declared annually by the EPFO — currently 8.25%. Historically this has ranged roughly between 8% and 8.75% in recent years.
Projected EPF corpus at retirement
Log in to save₹3,61,32,807
This is a future projection based on your inputs — it is not your actual current EPF balance. Check the EPFO/UAN portal for that.
How to use this epf calculator
- 1Current age and retirement age: define how many years of contributions to project.
- 2Current monthly basic salary + DA: EPF contributions are calculated on basic pay plus dearness allowance, not your full CTC — use that figure, not your gross salary.
- 3Current EPF balance: enter your existing balance if you know it (check the EPFO portal), or leave at 0 to project from scratch.
- 4Expected annual salary growth: your best estimate of how much your basic salary will rise each year on average — this compounds significantly over a full career.
- 5EPF interest rate: the EPFO declares this annually; it has stayed in a fairly narrow band historically, but isn't guaranteed to hold.
Understanding your results
Projected EPF corpus at retirement is the total balance the model estimates you'll have at your chosen retirement age, combining your existing balance, ongoing contributions and compounding interest. Your own contribution (total) and Employer contribution (total) show how much of that corpus came from each side of the 12%+12% split, before interest — the remainder of the corpus is compounding growth.
The formula
Each month: Balance = Balance × (1 + rate/1200) + (12% + 12%) × Basic salary + DAEmployee and employer each contribute 12% of basic salary + DA every month, for a combined 24% flowing toward EPF-related accounts. This calculator simplifies by modeling the full 24% as EPF corpus growth — in reality, 8.33% of the employer's 12% (up to a wage ceiling) is routed to the Employee Pension Scheme (EPS) rather than the EPF corpus itself, which this calculator does not separately model. Because basic salary grows over the years, the projection runs year by year: each year's monthly contribution is calculated on that year's basic salary, and the running balance compounds monthly at rate/1200 for 12 months before the salary is stepped up for the next year.
A worked example
A 28-year-old with ₹40,000 monthly basic + DA, no existing balance, 8% expected annual salary growth, retiring at 58 (30 years of contributions) at the default 8.25% EPF rate: the projected corpus at retirement is ₹3,61,32,807. Of that, the employee's own 12% contributions total ₹65,25,113 and the employer's 12% contributions total another ₹65,25,113 — the remaining ₹2,30,82,581 is compounded interest.
Things to know
The EPFO declares the EPF interest rate annually (not quarterly, unlike PPF/NSC/SSY), and it has moved within a fairly narrow band in recent years but is not fixed or guaranteed for future years — this calculator applies one flat rate across the entire projection period, which is a simplification over a multi-decade career. This calculator also models the full 24% employer+employee contribution as EPF corpus growth as a disclosed simplification; in practice, 8.33% of the employer's share (up to the statutory wage ceiling) is diverted to the EPS pension scheme rather than compounding in your EPF corpus, meaning your real EPF corpus will typically be somewhat lower than shown here. Verify current rates and rules against official EPFO guidance.
Frequently asked questions
Does this show my actual current EPF balance?+
No — this is a projection tool for your future corpus based on the inputs you provide, not a balance checker. To see your real, current EPF balance, log into the EPFO member e-Sewa portal or the UMANG app using your UAN (Universal Account Number).
Why does the calculator model 24% going to EPF when I've heard some of it goes to a pension scheme?+
You've heard correctly — 8.33% of the employer's 12% contribution (up to a wage ceiling) is routed to the Employee Pension Scheme (EPS), not the EPF corpus. This calculator explicitly simplifies by treating the full 24% as EPF corpus growth, which means the real EPF-only corpus you'd see on your EPFO passbook will be somewhat lower than the figure shown here, with the difference instead building your EPS pension entitlement.
Is the EPF corpus taxable when I withdraw it at retirement?+
EPF withdrawal is tax-free if you've completed 5 or more years of continuous service. Withdrawing before 5 years of continuous service can trigger tax on the employer's contribution and interest portions. Partial withdrawals are also permitted for specific life events like a home purchase, medical emergencies, or education — these aren't modeled in this projection, which assumes a single lump-sum withdrawal at retirement.