PF calculator for your EPF balance, employer share and EPS pension
This PF calculator projects your Employees’ Provident Fund (EPF) balance to retirement. Enter your age, basic pay plus dearness allowance (DA), increments and today’s balance to see what you and your employer pay each month, how interest builds up, your corpus at retirement and an estimate of your Employees’ Pension Scheme (EPS) pension.
It applies the ₹25,000 wage ceiling in force from 17 September 2026 and the 8.25% rate declared for 2025-26 — both editable. Nothing you enter leaves your browser.
EPF differs from the Public Provident Fund (PPF): EPF is funded through payroll by you and your employer, at a rate EPFO’s trustees set each year, while PPF is a voluntary account you open yourself, with ₹500 to ₹1.5 lakh a year, a 15-year term and a rate reset every quarter. Results are estimates, not financial or tax advice.
How to use the PF Calculator
- Enter your Current age, Retirement age and Basic + DA per month.
- Add a Yearly increment, your Current EPF balance from the EPFO passbook, and check the EPF interest rate.
- Choose Your PF rate, any Voluntary PF (VPF), and whether PF is calculated on full basic + DA or only the wage ceiling.
- Under EPS pension and wage ceiling, pick your EPS membership and enter the EPS service you already have.
- Read the corpus, monthly split and pension, or download the yearly table.
PF Calculator features
Current rules, editable
The ₹25,000 ceiling, 8.33% EPS share and 8.25% rate, all editable.
Monthly running-balance interest
Interest accrues month by month and is credited once a year, as EPFO does it.
Employer split explained
Shows how the employer’s 12% divides between EPF and EPS, plus EDLI insurance and admin charges.
EPS pension estimate
Salary × service ÷ 70 with weightage, early or deferred pension, the ₹1,000 minimum and higher pension.
Tax on large contributions
Tracks the taxable interest on your own contributions above ₹2.5 lakh a year.
How EPF contributions are split
You pay 12% of wages (basic + DA + retaining allowance) and your employer pays 12%. Of the employer’s share, 8.33% of wages up to the ceiling goes to EPS and the rest to your EPF account. On ₹40,000 a month:
| Component | Rate | On ₹40,000 a month |
|---|---|---|
| Your EPF contribution | 12% of wages | ₹4,800 |
| Employer to EPS | 8.33% of wages up to ₹25,000 | ₹2,083 |
| Employer to EPF | 12% minus the EPS share | ₹2,717 |
| EDLI insurance (employer) | 0.5% of wages up to ₹25,000 | ₹125 |
| EPF admin charges (employer) | 0.5% of PF wages | ₹200 |
How EPF interest is calculated (worked example)
Interest is worked out on the monthly running balance: the opening balance earns a full year’s interest, each credit earns interest from the following month, and the total is added on 31 March. Example: opening balance ₹1,00,000 and ₹3,917 a month into EPF (₹3,000 + ₹917 on a ₹25,000 wage). Interest at 8.25% = 1,00,000 × 8.25% + 3,917 × 8.25% ÷ 12 × 66 = ₹8,250 + ₹1,777 = ₹10,027 (66 = 11 + 10 + … + 0 months), so the year closes at ₹1,57,031 — what the calculator shows for a 57-year-old retiring at 58. Employers pay by the 15th of the next month, so real interest can be slightly lower.
EPS pension: formula and example
Monthly pension = pensionable salary (average wage of the last 60 months, capped at the ceiling) × pensionable service ÷ 70. Two years are added once service reaches 20 years. A monthly pension needs 10 years of service; it starts at 58, can start from 50 at 4% less per year early, and deferring to 60 adds 4% a year. The minimum is ₹1,000.
Example: 6 years so far plus 28 more to 58, plus 2 years of weightage. Past years at the ₹15,000 ceiling of their time, the rest at ₹25,000: (6 × 15,000 + 30 × 25,000) ÷ 70 = ₹12,000 a month. EPFO has not yet said how it will combine service before and after 17 September 2026; we follow its approach after the 2014 revision.
Employees who joined on or after 1 September 2014 earning above the ceiling are “excluded” from EPS, so the whole employer share goes to EPF. Members with a valid higher-pension option (Supreme Court judgment of November 2022) have 8.33% of actual wages plus 1.16% of wages above ₹15,000 diverted to EPS. Plan the rest of your retirement with the retirement calculator and the gratuity calculator.
Rules used (as of October 2026)
- Code on Social Security, 2020 — in force from 21 November 2025, replacing the EPF and Miscellaneous Provisions Act, 1952.
- EPF Scheme, 2026 (G.S.R. 525(E)), EPS, 2026 (G.S.R. 527(E)) and EDLI Scheme, 2026 (G.S.R. 526(E)), notified 29 June 2026.
- Wage ceiling ₹25,000 from 17 September 2026 (S.O. 5109(E)); ₹15,000 from September 2014, ₹6,500 before.
- Interest 8.25% for 2025-26 — EPFO trustees, 2 March 2026, ratified by the Government in June 2026; 2026-27 not yet declared.
- Tax — interest on own contributions above ₹2.5 lakh a year (₹5 lakh without employer contribution) is taxable; employer contributions to EPF, NPS and superannuation above ₹7.5 lakh are a perquisite. Income-tax Act, 2025 from 1 April 2026.
- Not yet confirmed: EPFO’s method for pensions spanning the 2026 change, and how the 1.16% higher-pension share treats wages between ₹15,000 and ₹25,000.
PF Calculator FAQ
How is PF calculated on salary?
You and your employer each pay 12% of basic + DA. On ₹40,000 that is ₹4,800 each; the employer’s share splits into ₹2,083 for EPS and ₹2,717 for EPF. This PF calculator shows the split for your salary.
What is the EPF interest rate for 2025-26?
8.25%, the same as the two previous years, ratified in June 2026. The 2026-27 rate usually comes early in 2027.
Is EPF interest tax-free?
Mostly. Interest on your own contributions above ₹2.5 lakh a year is taxable, and withdrawals before five years of continuous service can be taxed.
How much pension will I get from EPS?
Average capped salary of the last 60 months × years of service ÷ 70. Six years so far plus 28 more, mostly at ₹25,000, gives about ₹12,000 a month from 58.
What changed with the ₹25,000 wage ceiling?
From 17 September 2026 the maximum EPS share rose from ₹1,250 to ₹2,083 a month, employees earning ₹15,001–₹25,000 became mandatory members, and pensions can use wages up to ₹25,000.
Can I withdraw my EPF before retirement?
Partly: after 12 months of membership for marriage, education, housing or illness, keeping 25% of contributions. Full withdrawal is allowed on retiring after 55, incapacity or settling abroad, or 12 months after leaving a job.