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EPF Calculator
Calculate your Employee Provident Fund returns and plan your retirement
₹
%
%
Years
Years
Current EPF Interest Rate
8.15%
Maturity Amount
₹5,34,714
At age 30
Total Contribution
₹4,32,000
Total Interest
₹1,02,714
Monthly Contribution
₹7,200
Employee: 50.0% Employer: 50.0%
Understanding EPF
Employee Provident Fund (EPF) is a retirement benefit scheme that helps employees save a portion of their salary every month. Both the employee and employer contribute to the EPF account, and the accumulated amount earns interest.
Key Features:
- Mandatory 12% contribution from both employee and employer
- Tax-free interest earnings
- Compound interest calculated monthly
- Partial withdrawal allowed for specific purposes
- Complete withdrawal possible after retirement
EPF Benefits:
- Secure retirement savings
- Tax benefits under Section 80C
- Employer matching contribution
- Insurance coverage under EDLI
- Option for pension under EPS
Example Calculation:
Monthly basic salary of ₹30,000 with 12% contribution for 30 years:
- Monthly Contribution: ₹7,200 (Employee + Employer)
- Total Contribution: ₹25,92,000
- Interest Earned: ₹76,08,000
- Maturity Amount: ₹1,02,00,000
Important Note:
EPF interest rates are subject to change annually as declared by the EPFO. The calculator uses the current rate of 8.15% for illustration purposes.