Employee Provident Fund (EPF) / PF Calculator
What Is EPF?
The Employee Provident Fund (EPF), also known as Provident Fund (PF), is a retirement savings scheme regulated by the Employees' Provident Fund Organisation (EPFO). It applies to eligible employees and covered establishments under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.
Under EPF, the employee contributes a portion of monthly salary to the fund and the employer also contributes. A part of the employer contribution goes to the Employees' Pension Scheme (EPS), while the remaining employer share goes to EPF. The accumulated EPF balance can support retirement, job changes, emergencies and other eligible withdrawal needs.
Last updated: August 2026. EPF rates, contribution rules and withdrawal processes can change. Use this page as an estimate and refer to EPFO or PIB updates for official guidance.
Read on to learn how to calculate the proceeds from your EPF account using our PF Calculator.
What Is PF Calculator?
Our online EPF calculator helps estimate the EPF balance you may accumulate by retirement based on your current age, retirement age, existing EPF balance and monthly EPF contribution.
- It removes the need to calculate monthly EPF growth manually.
- It uses the EPF interest rate shown on this page for estimation.
- It helps you understand the broad split between your contribution, interest earned and estimated total EPF value.
- The final EPF balance can differ from the estimate because of salary changes, contribution changes, EPFO interest-credit timing, withdrawals, transfers and rule changes.
How to Calculate EPF?
Before understanding the formula used for our EPF calculator, you need to have an idea about a few details, such as the basic monthly salary and Dearness Allowance (DA), your EPF contribution percentage, the employer’s contribution, and the interest rate.
To explain the PF calculation formula, let us assume that your basic monthly salary with Dearness Allowance (DA) is ₹15,000, your contribution to EPF is 12% of the amount, and the employer’s contribution towards EPF is 3.67%. The employers invest the remaining 8.33% in the Employee Pension Scheme.
As per the above illustration:
Your contribution to the EPF will be 12% of ₹15,000 = ₹1,800
Your employer’s investment in EPS will be 8.33% of ₹ 15,000 = ₹1,250
Your employer’s contribution towards EPF will be your contribution minus the employer’s contribution towards the EPS = ₹1,800 - ₹1,250 = ₹550
Hence, the total monthly contribution to the PF account will be ₹1,800 + ₹550 = ₹2,350
With an EPF interest rate of 8.25% p.a., the monthly interest rate is approximately 8.25% / 12 = 0.6875%.
The value of the PF fund on your joining month will be ₹2,350, as interest is generally not credited for the first month. The following month, the total contribution will become ₹2,350 + ₹2,350 = ₹4,700.
At a monthly rate of 0.6875%, the estimated interest for that month will be ₹4,700 x 0.6875% = ₹32.31. The PF calculation uses the same monthly running balance approach for subsequent months.
Benefits of EPF Scheme
Some of the essential features and benefits of EPF include:
- You can avail of its multiple tax exemptions. The interest earned, any withdrawal made after the first five years of employment, and maturity returns from the EPF offer tax benefits. Additionally, Section 80C of the Income Tax Act, 1961 makes your contribution to the PF tax-deductible. However, the interest earned from the EPF is tax-free only if your yearly contribution is under ₹2.5 lakh. If it is over this amount, you will have to pay a tax on the interest income.
- You can make withdrawals from the PF in case of any financial or medical emergency before the scheme’s maturity.
- You can add a family member as your nominee to the PF. If an unfortunate event leads to your absence, the nominees will receive the accumulated PF amount.
- You also get a life insurance cover under the EPF, ensuring the financial security of your nominees. Employees Deposit Linked Insurance Scheme (EDLI)1976 rules offer this benefit.
- You can withdraw the money from your PF after two months from the date of resignation if you decide to leave the job.
- You also have the option to use the Volunteer Provident Fund feature of PF, which allows you to contribute more than 12% if you so wish.
Changes in PF interest rates over the years
EPFO's Central Board of Trustees recommends the EPF interest rate, and the rate is credited after government approval/notification. Recent EPF rates are listed below.
| Financial year | EPF interest rate |
|---|---|
| 2016-17 | 8.65% |
| 2017-18 | 8.55% |
| 2018-19 | 8.65% |
| 2019-20 | 8.50% |
| 2020-21 | 8.50% |
| 2021-22 | 8.10% |
| 2022-23 | 8.15% |
| 2023-24 | 8.25% |
| 2024-25 | 8.25% |
| 2025-26 | 8.25% recommended by CBT, subject to official notification/crediting |
For official rate context, refer to PIB's update on EPF interest rates for FY 2024-25 and FY 2025-26.
How to check your EPF account balance online
Understanding how PF is calculated is necessary to determine your profits from the scheme. You can also find the balance online through multiple options, such as:
1. Umang App by the Government of India
Follow the below steps to check the EPF balance with the Umang App.
- Download the app on your smartphone
- Register on the app with your mobile number
- Check the EPF balance along with raising and tracking claims
2. SMS
If your Universal Account Number (UAN) is registered with the EPFO, you can find the PF balance and your latest contribution by sending an SMS from your registered phone number. Send an SMS in the format EPFOHO UAN <LAN> to 7738299899 from your registered mobile number. For example, use ENG for English.
3. Missed call
Give a missed call to 9966044425 from your registered mobile number to know the PF balance. This option only works if the UAN is linked with your PAN, Aadhar Number, and bank account. If the accounts are not already linked, you can request your employer to do it.
4. E-Sewa Portal
The EPFO E-Sewa Portal lets you check your EPF passbook online. Register your account with the portal and link your UAN first. Then, to see or download the passbook online:
- Visit www.epfindia.gov.in and log in using your registered account.
- Find the ‘Our Services’ section and click the ‘For Employees’ option under it.
- Select the ‘Member Passbook’ alternative under the ‘Services’ section.
- Log in to the 'Passbook' section using your ID and password to check your EPF balance.
For the latest balance enquiry options, you can also refer to the EPFO Member Passbook page.
How to transfer money from an existing EPF account
Even if you change your job, your UAN will remain the same. You can use it to transfer the money to your new employer’s EPF account. Here are the steps to complete the process successfully:
- Log in to the EPF members’ portal.
- Enter the ‘Online Transfer Claim Portal section’ and log in using the same ID and password that you used for the EPF portal.
- Click the ‘Request for Transfer of Funds’ option and provide the required details about your previous employer.
- Get the information authenticated by either your new or previous employer.
- Save the PIN that you will get via SMS on your registered mobile number.
- Save the tracking ID that you will receive to use for checking the transfer application’s status.
FAQs
Can I use the same calculator after changing my employer?
Yes. Input the relevant information required and use our calculator seamlessly, even after you switch jobs.
How many times can I use the calculator?
You can use our EPF Pension calculator as many times as you want. Calculate the interest earned over the years and the total sum after retirement. It’s totally free!