PF Calculator
Calculate your Provident Fund contributions, employer share, and estimated corpus with interest for your years of service.
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Years
* All calculations are approximate.
Important — Read Before You Decide
- Employer contributes 12% of basic salary, but only 3.67% goes to EPF — the remaining 8.33% goes to EPS (Employee Pension Scheme)
- The current EPF interest rate is 8.15% per annum (FY 2023-24), declared annually by the government
- EPF interest earned on contributions above ₹2.5 lakh per year is taxable as per the 2021 budget amendment
- EPF withdrawal before 5 years of continuous service is fully taxable and TDS is deducted
- Your UAN (Universal Account Number) is portable across jobs — you don't need a new PF account when changing employers
- VPF (Voluntary Provident Fund) allows you to contribute more than 12% at the same EPF interest rate
- EPS pension eligibility requires a minimum of 10 years of service
- EDLI (Employee Deposit Linked Insurance) scheme provides life insurance cover of up to ₹7 lakh to EPF members
What Happens If You Ignore These?
- Withdrawing PF early forfeits the power of compounding and results in a significantly smaller retirement corpus
- Not tracking your PF balance and UAN can lead to unclaimed funds scattered across multiple accounts
- Ignoring the taxability of high PF contributions (above ₹2.5 lakh/year) can lead to unexpected tax liability
- Frequent job changes without transferring PF result in fragmented balances earning no interest after inactivity
- Not nominating or updating KYC details can delay claim settlement for your family in case of emergency
Smart Tips
- Always transfer your PF when changing jobs using the online transfer claim on the EPFO portal
- Consider VPF if you want a safe, tax-efficient way to grow your retirement savings beyond the mandatory 12%
- Link your Aadhaar and bank account to your UAN for faster withdrawals and online claim processing
- Check your PF balance regularly via the UMANG app, EPFO portal, or by giving a missed call to 011-22901406
- Avoid PF withdrawal for short-term needs — take a PF advance instead to keep the account active
- Ensure your employer deposits PF on time by checking your passbook for monthly credit entries
Frequently Asked Questions
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