The Employees' Provident Fund is a mandatory retirement scheme for salaried employees. You contribute 12% of basic pay; your employer contributes another 12% — of which 3.67% goes to your EPF account and 8.33% to the EPS pension scheme.
About the EPF Calculator
The EPF interest rate (8.25% for FY 2023-24) is one of the highest risk-free rates in India. Withdrawals after 5 continuous years of service are tax-free. You can also make Voluntary Provident Fund (VPF) contributions at the same rate for higher returns.
Formula used:
Frequently Asked Questions
Is EPF withdrawal tax-free?
Withdrawals after 5 years of continuous service are tax-free. Withdrawing before 5 years attracts TDS at 10% (30% without PAN).
Can I contribute more than 12% to EPF?
Yes — through the Voluntary Provident Fund (VPF) you can contribute up to 100% of basic salary, all at the same EPF interest rate.