What is EPF contribution rate?

Employee contributes 12% of basic + DA. Employer contributes 12% (3.67% to EPF, 8.33% to EPS). Self-contribution and employer EPF share earn interest. Total 12% + 3.67% = 15.67% goes to EPF.

What is current EPF interest rate?

EPF interest rate for FY 2024-25: 8.15% per annum, compounded annually. Rate is decided yearly by EPFO. Higher than most savings options and tax-free on withdrawal after 5 years.

When can I withdraw EPF money?

Full withdrawal: After retirement (58 years) or 2 months of unemployment. Partial withdrawal: Medical emergency, home purchase, education, marriage. Premature withdrawal taxable if service <5 years.

Is EPF better than PPF?

EPF: 8.15%, employer contribution, auto-deduction, withdrawal restrictions. PPF: 7.1%, self-funded, 15-year lock-in, flexible withdrawals. EPF better for retirement, PPF for long-term savings.

Is EPF withdrawal taxable?

Tax-free if: Continuous service >5 years. Taxable if: Withdrawn before 5 years (added to income). TDS applicable. Exceptions: Illness, company closure, job loss, retrenchment, retirement.

EPF Calculator

Calculate Employees Provident Fund maturity at 8.15% interest

EPF Calculator

Calculate Employees Provident Fund (EPF) maturity amount, contribution breakdown, and retirement corpus at 8.15% interest rate.

Monthly Basic Salary*

Basic salary component

Current Age*

18 years80 years

Your current age in years

Retirement Age*

31 years80 years

Planned retirement age (default 58)

Current EPF Balance

Existing EPF balance if any

EPF Benefits

Tax-free returns: Interest and maturity amount are tax-free if withdrawn after 5 years of continuous service.

Employer contribution: 12% employer contribution (3.67% to EPF + 8.33% to EPS) adds significantly to your retirement corpus.

Guaranteed returns: 8.15% interest rate for FY 2024-25, declared annually by EPFO with government backing.

Frequently Asked Questions

Everything you need to know about this tool