How is employer contribution split between EPF and EPS?

Your employer contributes 12% of your Basic Salary + DA. Out of this 12%, 8.33% (subject to a statutory wage ceiling cap of ₹1,250 per month based on ₹15,000 basic salary) is allocated to the Employees' Pension Scheme (EPS-95), and the remaining 3.67% (plus any excess over ₹1,250) is credited to your EPF balance.

Is EPF withdrawal completely tax-free?

EPF withdrawal is 100% tax-free if you have completed 5 or more continuous years of service. If you withdraw before completing 5 years, the entire employer contribution and interest earned become taxable as salary income, and TDS is deducted under Section 192A.

What is the new tax rule on EPF contributions above ₹2.5 Lakhs?

Under Section 10(11) and 10(12), interest earned on an employee's annual EPF contribution exceeding ₹2,50,000 in a financial year (or ₹5,00,000 where no employer contribution exists) is taxable under 'Income from Other Sources'. EPFO maintains a separate non-taxable and taxable ledger in your passbook.

EPFO Statutory Rate 8.25% (FY 2023-24 & 2024-25)Verified: 2024-10-01

EPF Calculator: Employees' Provident Fund Maturity & Interest

Calculate your accumulated EPF retirement corpus at age 58. Models 12% employee share, 3.67% employer EPF allocation, annual salary increments, and the official 8.25% EPFO interest rate.

Direct Answer:Starting with a monthly basic salary of ₹35,000 at age 25 with an assumed 5% annual salary increment and the current official 8.25%% EPFO statutory interest rate (FY 2023-24 & FY 2024-25), your accumulated EPF retirement corpus at age 58 is estimated at ₹2,57,09,249. This comprises ₹40,35,276 in employee contributions, ₹35,40,276 in employer EPF contributions, and ₹1,81,33,697 in cumulative compound interest.

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Adjust Parameters

EPFO Statutory Interest Rate: 8.25% p.a.FY 2023-24 & FY 2024-25

Notified by Central Board of Trustees (CBT), EPFO. Interest is credited annually on March 31 based on monthly running balances. Note that EPFO rates are determined and notified annually.

Current Monthly Basic Salary + DA₹35 Thousand

₹

₹5,000₹20,00,000

The statutory salary component on which 12% EPF is computed.

Current Age (Years)

Retirement Age (Years)Standard EPFO superannuation age is 58.

Annual Expected Salary Increment

0%30%

Assumed percentage hike in basic salary every year.

EPF Interest Rate (% p.a.)

5%15%

Current statutory rate is 8.25% p.a. for FY 2023-24 & FY 2024-25.

Existing Accumulated EPF Balance (Optional)

₹

₹0₹5,00,00,000

Enter 0 if this is your first job or starting afresh.

Statutory Wage Ceiling / EPS Allocation

Accumulated Retirement Corpus (at Age 58)

₹2,57,09,249

After 33 years of monthly compounding interest

Total Compound Interest Earned

₹1,81,33,697

70.5% of final retirement wealth

Employee Share

₹40,35,276

Employer EPF

₹35,40,276

Employer EPS

₹4,95,000

EPF Corpus Composition at Retirement

Total: ₹2,57,09,249

EPF Corpus Composition at Retirement data table
Category	Amount	Percentage
Interest Earned	₹1,81,33,697	70.5%
Employee Contribution	₹40,35,276	15.7%
Employer EPF Share	₹35,40,276	13.8%

Year-by-Year EPF Accumulation Schedule

Projections with monthly compounding and annual interest credit at 8.25% p.a.

Year	Age	Basic/mo	Employee Share	Employer EPF	Interest Accrued	Closing Balance
Year 1	26	₹35,000	₹50,400	₹35,400	+₹3,834	₹89,634
Year 2	27	₹36,750	₹52,920	₹37,920	+₹11,454	₹1,91,928
Year 3	28	₹38,588	₹55,572	₹40,572	+₹20,130	₹3,08,202
Year 4	29	₹40,517	₹58,344	₹43,344	+₹29,971	₹4,39,861
Year 5	30	₹42,543	₹61,260	₹46,260	+₹41,093	₹5,88,474
Year 6	31	₹44,670	₹64,320	₹49,320	+₹53,627	₹7,55,741
Year 7	32	₹46,904	₹67,536	₹52,536	+₹67,714	₹9,43,527
Year 8	33	₹49,249	₹70,920	₹55,920	+₹83,509	₹11,53,876
Year 9	34	₹51,711	₹74,460	₹59,460	+₹1,01,179	₹13,88,975
Year 10	35	₹54,297	₹78,192	₹63,192	+₹1,20,909	₹16,51,268
Year 11	36	₹57,012	₹82,092	₹67,092	+₹1,42,896	₹19,43,348
Year 12	37	₹59,863	₹86,208	₹71,208	+₹1,67,361	₹22,68,125
Year 13	38	₹62,856	₹90,516	₹75,516	+₹1,94,540	₹26,28,697
Year 14	39	₹65,999	₹95,040	₹80,040	+₹2,24,691	₹30,28,468
Year 15	40	₹69,299	₹99,792	₹84,792	+₹2,58,097	₹34,71,149
Year 16	41	₹72,764	₹1,04,784	₹89,784	+₹2,95,065	₹39,60,782
Year 17	42	₹76,402	₹1,10,016	₹95,016	+₹3,35,927	₹45,01,741
Year 18	43	₹80,222	₹1,15,524	₹1,00,524	+₹3,81,048	₹50,98,837
Year 19	44	₹84,233	₹1,21,296	₹1,06,296	+₹4,30,825	₹57,57,254
Year 20	45	₹88,445	₹1,27,356	₹1,12,356	+₹4,85,686	₹64,82,652
Year 21	46	₹92,867	₹1,33,728	₹1,18,728	+₹5,46,100	₹72,81,208
Year 22	47	₹97,510	₹1,40,412	₹1,25,412	+₹6,12,579	₹81,59,611
Year 23	48	₹1,02,386	₹1,47,432	₹1,32,432	+₹6,85,674	₹91,25,149
Year 24	49	₹1,07,505	₹1,54,812	₹1,39,812	+₹7,65,991	₹1,01,85,764
Year 25	50	₹1,12,880	₹1,62,552	₹1,47,552	+₹8,54,183	₹1,13,50,051
Year 26	51	₹1,18,524	₹1,70,676	₹1,55,676	+₹9,50,963	₹1,26,27,366
Year 27	52	₹1,24,450	₹1,79,208	₹1,64,208	+₹10,57,104	₹1,40,27,886
Year 28	53	₹1,30,673	₹1,88,172	₹1,73,172	+₹11,73,448	₹1,55,62,678
Year 29	54	₹1,37,207	₹1,97,580	₹1,82,580	+₹13,00,909	₹1,72,43,747
Year 30	55	₹1,44,067	₹2,07,456	₹1,92,456	+₹14,40,480	₹1,90,84,139
Year 31	56	₹1,51,270	₹2,17,824	₹2,02,824	+₹15,93,239	₹2,10,98,026
Year 32	57	₹1,58,834	₹2,28,720	₹2,13,720	+₹17,60,359	₹2,33,00,825
Year 33	58	₹1,66,776	₹2,40,156	₹2,25,156	+₹19,43,112	₹2,57,09,249

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How Employees' Provident Fund (EPF) Rules is Calculated

Transparent mathematical formulas and assumptions used across our financial engines.

Mathematical Formula

Closing Balance = Opening Balance + Monthly Deposits (12% Employee + 3.67% Employer) + Annual Compound Interest

Variables & Legend

Employee Share

12% of Basic + DA deducted from employee pay

Employer Share

Total 12%: 8.33% to EPS (capped at ₹1,250 on ₹15,000 ceiling), remaining 3.67% to EPF

EPFO Interest Rate

Statutory 8.25% p.a. for FY 2023-24 & FY 2024-25 (notified annually)

Superannuation

Standard EPFO retirement age is 58 years

Conventions & Assumptions

The statutory EPF rate of 8.25% applies to FY 2023-24 & FY 2024-25. Rates are evaluated and notified annually by the Central Board of Trustees (CBT), EPFO.
Interest is calculated monthly on the running month-end balance and credited to the member's account annually on March 31.
EPF deposits qualify for Section 80C tax deduction under the Old Tax Regime (up to ₹1,50,000) and interest is completely tax-free if employee contribution is under ₹2,50,000 per financial year.

Frequently Asked Questions

Interest is calculated at the end of each month on the running closing balance of your EPF account using the annual rate notified by EPFO (currently 8.25% p.a.). However, the accumulated interest is officially credited to your member passbook once a year at the end of the financial year on March 31st.

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