EPF Calculator

⚡ Instant 🇮🇳 EPFO 📈 Compound Interest 💼 Employer + Employee

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EPF Maturity Summary

Employee Contribution (Total)-
Employer Contribution (Total)-
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Interest Earned-
EPF Maturity Amount-

About EPF

EPF (Employee Provident Fund) is a retirement savings scheme managed by EPFO. Both employee and employer contribute 12% of basic salary. Current interest rate is 8.25% per annum (FY 2023-24).

Frequently Asked Questions

What is the current EPF interest rate?

The EPF interest rate for FY 2023-24 is 8.25% per annum. Rates may change annually as declared by EPFO.

Is EPF contribution mandatory?

Yes, for organizations with 20+ employees. Both employee and employer must contribute 12% of basic salary + DA.

Can I increase my EPF contribution?

Yes, you can contribute more than 12% through Voluntary Provident Fund (VPF), but employer won't match the extra amount.

Is EPF interest taxable?

EPF interest is tax-free if you complete 5 years of continuous service. Early withdrawal may attract tax.

✅ Do's and ❌ Don'ts

✅ Do's

  • ✅ Do let your EPF compound for long-term wealth building.
  • ✅ Do check your EPF passbook annually on the EPFO portal.
  • ✅ Do nominate a beneficiary for your EPF account.
  • ✅ Do consolidate multiple EPF accounts using UAN.

❌ Don'ts

  • ❌ Don't withdraw EPF frequently — it disrupts compounding.
  • ❌ Don't forget to transfer EPF when changing jobs.
  • ❌ Don't ignore EPF as part of your retirement planning.
  • ❌ Don't assume EPF interest rate will remain constant.