EPF Calculator

What is EPF Calculator?

The Employees' Provident Fund (EPF) Calculator allows you to project the total corpus you’ll accumulate by retirement. It considers:
 

• Your monthly salary

• Employee and employer contributions

• Interest rate set by EPFO

• Any existing EPF balance

• Your retirement age

• Annual salary increments
   

By entering just a few details, you’ll get a clear picture of your EPF savings trajectory and how much you could have at retirement.

Formula to Calculate EPF Amount

Employee’s EPF Contribution=12% × Basic Salary 

Employer Contribution:
 

• 12% of Basic Salary

  • 3.67% goes to EPF

  • 8.33% goes to EPS (Employee Pension Scheme)
     

So:

Employer’s EPF Contribution=3.67% × Basic Salary

Let’s understand this with an example:
 

• Basic Salary = ₹25,000/month

• EPF Interest Rate = 8.25% p.a.

• No current EPF balance

• Tenure = 1 year
   

Monthly Contributions:
 

• Employee Contribution = ₹25,000 × 12% = ₹3,000/month

• Employer Contribution to EPF = ₹25,000 × 3.67% = ₹917.50/month

• Total Monthly Contribution = ₹3,000 + ₹917.50 = ₹3,917.50/month

Total Contribution in 1 Year:

Total Contribution=₹3,917.50 × 12=₹47,010 

Approximate Interest:
 

Interest is calculated on the balance each month. For simplicity, using average balance over the year:
 

• Average EPF balance over the year ≈ ₹23,505 (assuming steady contributions)

• Interest = ₹23,505 × 8.25% = ₹1,938.71

Final EPF Balance after 1 Year:

Total EPF Balance=₹47,010 + ₹1,938.71 = ₹48,948.71

How can an EPF return calculator help you

• An EPF return calculator helps you estimate your retirement corpus by calculating total contributions and interest earned. 

• It simplifies complex calculations, supports financial planning, and lets you explore different scenarios based on salary growth and retirement age.

How to Use Tata Moneyfy's EPF Calculator

1. 1. Enter Your Monthly Basic Salary
   Input your current basic salary (including Dearness Allowance, if applicable).
    

2. 2. Add Your Current EPF Balance
   If you already have an EPF account, enter your existing balance (optional but useful for accuracy).
    

3. 3. Choose Contribution Rates
   The default is 12% each for employee and employer. Adjust if your contribution rate is different.
    

4. 4. Enter Your Age and Retirement Age
   Provide your current age and your expected age of retirement.
    

5. 5. Set Expected Annual Salary Growth
   Input your estimated yearly salary increment percentage (e.g., 5%, 10%).
    

6. 6. Check the EPF Interest Rate
   The tool uses the latest EPFO-declared rate (e.g., 8.25%), which you can adjust if needed.
    

7. 7. Click on ‘Calculate’
   
   Click the calculate button to view your estimated EPF maturity amount.

Advantages of Using Tata Moneyfy EPF Calculator

• Quick Retirement Estimation – Instantly calculate your EPF maturity amount with ease.

• Smart Financial Planning – Know if EPF alone is enough or if you need to invest in options like ELSS mutual funds.

• Scenario Comparison – Adjust salary growth, age, and contributions to explore various outcomes.

• Helps Diversify Investments – Encourages better planning alongside tax-saving tools like ELSS mutual funds.