EPF Calculator

How are the contributions split in this tool?

The employee pays 12% of Basic + DA. The employer is also taken as paying 12% of the same wage; of that, 8.33% of the wage up to ₹15,000 goes to EPS and the remainder goes to the EPF account. For a wage of ₹30,000 that is ₹3,600 from the employee, ₹1,250 to EPS (rounded) and about ₹2,350 to EPF. The 12% match on the full wage is an assumption built into this tool.

How is interest calculated each year?

The opening balance plus half of the year’s contributions earns the full annual rate, and the other half of the contributions is added afterwards without interest. This is a simplification of month-by-month crediting. The rate is a single figure you enter and is applied to every year, whereas the actual rate is declared yearly.

Why is “Total EPF corpus” larger than the EPF account balance?

The total adds the EPS line to the EPF balance. The EPS figure is simply the sum of the 8.33% contributions with no interest, and in reality EPS funds a pension rather than a lump sum you can withdraw. For the default inputs, ₹3,74,850 of the ₹99,02,618 total is EPS.

What does “Total employer contribution” show?

It shows only the employer’s share paid into the EPF account, not the EPS part. Interest earned is the EPF balance minus the employee contributions, that employer EPF share and your opening balance.

What does the wage ceiling do here?

Only the EPS part uses the ₹15,000 ceiling. The employee’s 12% and the employer’s overall 12% are charged on the full wage. At a wage of ₹10,000 the EPS line is ₹9,996 in a year, at ₹15,000 it is ₹14,994 and at ₹30,000 or ₹60,000 it stays at ₹14,994. Many employers apply the ceiling to the whole contribution; if yours does, enter ₹15,000 as the wage.

What happens with zero or unusual inputs?

An emptied box counts as 0. A wage of zero, or zero years to retirement (after rounding), has nothing to project, so the tool shows an error naming the field instead of a corpus. Years are rounded to the nearest whole number. A growth rate of 0 keeps the wage flat. An interest rate of 0 returns exactly the contributions plus your opening balance.

What does this tool not do?

It does not model withdrawals, job changes, employer-specific caps, tax on interest, VPF, the declared yearly rate history or the pension formula. The inputs are a single wage, growth, years, rate and opening balance, so the result is an illustration of compounding. Rates and rules are set by EPFO and the Government; check your passbook and the EPFO portal for actual figures.