Your EPF corpus is the sum of your 12%, your employer's EPF share and the interest on both. For ₹30,000 basic over 25 years at 8.25%, with pay rising 5% a year, it is about ₹94.96 lakh.
What this calculates
Enter your monthly basic pay, how many years you have until retirement and the interest rate, and this works out what your Employees' Provident Fund balance will be when you retire, with a year-by-year table. It splits the employer's 12% into the part that goes to the pension fund (EPS) and the part that reaches your provident fund account, which is the part that counts towards the corpus.
The rate and the rules come from the EPFO, which declares the interest rate every year.
The formula
Each month
you = 12% × basic · EPS = 8.33% × basic (up to the wage ceiling) · employer EPF = 12% × basic −
EPS
Each month's interest
interest = balance at the start of the month × rate ÷ 12Each year
balance = last balance + 12 months of contributions + the year's interestThe wage ceiling is the monthly pay up to which EPS is paid. It is ₹15,000 here; press reports say it has been raised to ₹25,000, so check the latest EPFO notification and change it in the calculator if so. Interest is worked out monthly but credited once a year, rounded to the rupee, so it does not compound inside the year. A month's contribution arrives at the month end and starts earning from the next month.
Worked example
With a ceiling of ₹25,000 the same example grows to about ₹87.09 lakh, because more of the employer's 12% goes to pension. With flat pay and a basic of ₹15,000, which is within the ceiling, ₹1,250 goes to EPS and ₹550 to EPF, so 10 years at 8.25% grows to about ₹4.29 lakh.
When to use it, and the mistakes to avoid
Use it to plan your retirement savings, to see what a pay rise or an extra year of work adds, or to compare the EPF with a PPF or SIP.
The mistakes that cost the most:
- Counting the pension share as savings. The employer's EPS part is a pension, not part of the corpus.
- Assuming one rate for decades. The rate is reset every year; the result moves with it.
- Entering gross pay. Use basic plus dearness allowance, which is what 12% is taken on.
- Using an out-of-date wage ceiling. It decides how much of the employer's 12% goes to pension. Check the latest EPFO notification and set it here.
- Ignoring how your employer contributes. Some employers pay on the wage ceiling only; if yours does, enter the ceiling as the basic.
- Forgetting withdrawals. Money you take out before retirement stops earning, and this does not model that.
FAQ
What is the EPF interest rate now?
8.25% a year for 2025-26. The EPFO's Central Board of Trustees fixed it in March 2026 and the Finance Ministry approved it, the same rate as the previous two years. It is declared once a year, so change the rate in the calculator to try another.
How is the employer's 12% split between EPF and EPS?
8.33% of your basic goes to the Employees' Pension Scheme, but only on wages up to the wage ceiling, which this calculator sets at ₹15,000 (so at most ₹1,250 a month) and lets you change. The rest of the employer's 12% goes to your EPF balance: 3.67% if your basic is within the ceiling, more if it is above. Check the latest EPFO notification for the ceiling now in force.
Why is the employer's pension share not in my corpus?
EPS builds a monthly pension that is paid after you retire, from a separate fund. It is not added to your provident fund balance and does not earn the EPF rate, so this calculator shows it separately and leaves it out of the corpus.
Is EPF interest taxable?
Interest is tax-free on your own contributions of up to ₹2.5 lakh in a year. Interest on the part above that is taxed as income from other sources. Check the current Income-tax rules for your case.
Will the EPF rate stay the same until I retire?
No. It is reset every year and has ranged from 8.1% to 8.8% over the last ten years. The calculator holds one rate for every year, so treat the corpus as an estimate and try a lower and a higher rate to see the range.