Retirement Planning • Tax Benefits
EPF Calculator
Calculate your Employee Provident Fund corpus at retirement. Plan your retirement with automatic salary-based contributions.
₹
₹15K₹5L
Yrs
18 Years57 Years
%
0%20%
Current EPF Rate
FY 2023-24
8.15%
Contribution Rate
Employee + Employer
12% + 12%
Understanding Employee Provident Fund (EPF)
What is EPF?
EPF is a retirement savings scheme where both employee and employer contribute 12% of basic salary. The fund is managed by EPFO and offers guaranteed returns with tax benefits.
Employer Matching
Your employer matches your contribution (12% of basic), effectively doubling your savings. Part of employer's share goes to EPS (pension) if salary is below ₹15,000.
Tax Benefits
EPF contributions qualify for Section 80C deduction. Interest earned is tax-free up to a limit, and withdrawals after 5 years of service are completely tax-exempt.