Basic Information

Basic Salary (₹ per month)

Current Age (Years)

Retirement Age (Years)

Contribution Details

Employee Contribution (%)

Minimum 12% as per EPF rules

Employer Contribution (%)

Minimum 12% as per EPF rules

Current Interest Rate (% p.a.)

Annual Salary Increment (%)

Total EPF Balance at Retirement

₹0

Estimated corpus at retirement

Total Employee Contribution

₹0

Your total contribution

Total Employer Contribution

₹0

Employer's total contribution

Total Interest Earned

₹0

Interest accumulated

Understanding EPF

How EPF is Calculated

Monthly Contribution = (Basic Salary × Employee Contribution %) + (Basic Salary × Employer Contribution %)

Interest = Balance × Interest Rate / 12 (compounded monthly)

What is EPF?

Employee Provident Fund (EPF) is a retirement benefit scheme for salaried employees in India. Both employee and employer contribute to this fund monthly.

Key Features

Tax-free investment under Section 80C
Employer matches employee contribution
Interest earned is tax-free
Compulsory for organizations with 20+ employees
Partial withdrawals allowed for specific needs

Contribution Rules

Employee Contribution

12% of basic salary + dearness allowance (DA)

Employer Contribution

8.33% goes to Employee Pension Scheme (EPS)
3.67% goes to EPF
Additional contributions possible

Withdrawal Rules

Complete withdrawal allowed at retirement (58 years)
Partial withdrawal allowed for:
- Home purchase/construction
- Children's education/marriage
- Medical emergencies
90% withdrawal allowed 1 year before retirement

Tax Benefits

Employee contribution eligible for tax deduction under Section 80C
Interest earned is tax-free
Withdrawal after 5 years of continuous service is tax-free

Frequently Asked Questions

What is the EPF?

The EPF is a scheme for voluntary retirement savings that provides tax benefits under Section 80C and 80CCD(1B) of the Income Tax Act.

Can I withdraw from EPF before retirement?

Yes, you can withdraw up to 60% of your EPF balance at any time.

What is the maximum contribution for EPF?

The maximum contribution for EPF is ₹1.5 lakh per year.

Is EPF tax-deductible?

Yes, EPF contributions are tax-deductible under Section 80C of the Income Tax Act.

What is the minimum age for EPF?

The minimum age for EPF is 18 years.

What is the maximum age for EPF?

The maximum age for EPF is 65 years.

What is the interest rate for EPF?

The interest rate for EPF is 8.15% per annum.

How can I apply for EPF?

Apply for EPF online through the government website or through authorized financial institutions.

What are the eligibility criteria for EPF?

EPF is open to individuals who meet the following criteria: Age 18-65 years, Bank account holder, KYC compliant, and not income tax payer.