EPF Calculator
Calculate Employee Provident Fund maturity, pension benefits and retirement corpus
👔 Common Scenarios:
👔 EPF Key Facts:
- 💰 Contribution: 12% employee + 12% employer
- 🏛️ EPS: 8.33% goes to pension fund
- 🎯 Tax Free: Maturity amount is tax-free
- 📈 Compounding: Annual compounding
- 🔒 Lock-in: Till retirement or job change
📈 EPF Rate History
2024: 8.25%
2023: 8.15%
2022: 8.10%
2021: 8.50%
2020: 8.65%
2019: 8.55%
*Rates declared annually by EPFO
EPF Features & Benefits
✅ EPF Advantages
- 💰 Employer Contribution: Additional 12% from employer
- 🛡️ Risk-Free: Government backed, guaranteed returns
- 💸 Tax Benefits: 80C deduction + tax-free maturity
- 🏥 Loan Facility: Against EPF for home, medical emergencies
- 👥 Pension: EPS provides monthly pension
- 🔄 Transferable: Portable across jobs
⚠️ EPF Limitations
- 🔒 Lock-in Period: Money locked till retirement
- 💵 Salary Cap: Only on basic salary up to ₹15,000
- 📉 Rate Dependency: Returns depend on government rates
- 💼 Employment Link: Only for salaried employees
- 🏦 Withdrawal Rules: Penalties for early withdrawal
- 💰 Tax on Interest: If withdrawn before 5 years
🎯 EPF vs EPS Breakdown
Employee Contribution (12%):
- 100% goes to EPF account
- Earns current EPF interest rate
- Fully withdrawable at retirement
Employer Contribution (12%):
- 8.33% → EPS (Pension Fund)
- 3.67% → EPF account
- 0.5% → EDLI insurance
💡 EPF Strategy Tips
- 🎯 Stay Invested: Don't withdraw when changing jobs
- 🔄 Transfer Accounts: Link all previous EPF accounts
- 📱 Use UMANG App: Track balance and make claims online
- 📝 Update Details: Keep KYC updated regularly
- 🏠 Home Loan: Use EPF for down payment after 5 years
- 💰 VPF Option: Consider Voluntary PF for extra savings