EPF Calculator

Yes. "PF calculator" and "EPF calculator" both refer to the same Employee Provident Fund projection — PF is just the shorter, more common way people refer to EPF in everyday conversation.

No, though it's not a rate you or your employer can simply choose. 12% is the statutory default; a reduced 10% applies only to specific, government-notified categories: establishments with fewer than 20 employees, a specific list of industries (jute, beedi, brick, coir, guar gum factories), or units declared "sick" by the BIFR. This applies to both employee and employer together, not one side alone. The toggle above is for checking whether your employer falls into one of these categories, not a preference to set.

Yes. This is common in practice. The ₹15,000 wage ceiling is a statutory floor the employer must contribute on, not a hard cap, so many employers cap only their own share there (₹1,800/month at 12%) once salary exceeds it, while the employee continues contributing (mandatorily or via VPF) on the full actual salary. The two wage-cap toggles above are independent for exactly this reason.

Voluntary Provident Fund lets you contribute more than the mandatory rate from your own salary (up to 100% of basic + DA), earning the same EPF interest rate. Your employer doesn't match the extra amount, but it's still often a better risk-free return than many alternatives.

8.33% of your wages (capped at ₹15,000) is diverted to the Employees' Pension Scheme (EPS) instead, a separate pot that eventually pays a monthly pension, not a lump sum. Only the remainder of the employer's 12% actually joins your EPF account.

Yes to both — "EPF pension calculator" and "EPS pension calculator" describe the same thing here. Alongside your EPF corpus, this doubles as one: it estimates your monthly EPS pension using EPFO's own formula, so you don't need a separate tool for the two figures most people actually want together.

Using EPFO's own formula: (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable Salary is your average monthly wage (capped at ₹15,000) over your last 60 months of service; Pensionable Service is your years of contribution, rounded to the nearest year, with a +2-year bonus once you cross 20 years. This calculator estimates it using the same salary growth you've entered above.

This models EPS, the EPFO pension scheme for private-sector (and unorganised-sector) employees. Government employees are usually covered by a separate pension system (the Old Pension Scheme or NPS, depending on when they joined), not EPS — check your specific department's rules if you're a government employee.

The current EPS-95 minimum pension (also written EPS 95) is ₹1,000/month, which this calculator already floors your estimate at. The EPS-95 pension hike to ₹7,500 has been proposed and debated for years, with pensioner groups protesting for it, but as of 2026 it hasn't been officially notified — this calculator will be updated if and when it is.

EPS pension can't be drawn before age 50, and drawing it before 58 (rather than deferring) reduces the formula amount by a flat 4% for every year short of 58 — 8 years early works out to a 32% cut, not compounded. You also need at least 10 years of service to qualify for a monthly pension at all; under that, EPS pays a one-time lump sum "withdrawal benefit" instead, calculated differently and not modeled here.

EPF interest is tax-free as long as your own contribution stays within ₹2.5 lakh a year (₹5 lakh if your employer doesn't contribute to PF); beyond that, interest on the excess is taxable. The maturity amount is tax-free if withdrawn after 5 years of continuous service.

Your balance can (and should) be transferred to your new employer's EPF account via your UAN (Universal Account Number). This calculator assumes continuous contribution and doesn't model a gap in employment.

Partial withdrawals are allowed for specific purposes (home purchase, medical emergencies, education, marriage), subject to conditions on years of service. This calculator projects an account with no withdrawals before retirement.

Yes. EPFO has discussed raising it to ₹25,000 as part of a broader overhaul, which would increase the EPS diversion for higher earners. It isn't in effect yet, so this calculator uses the current ₹15,000 ceiling.