Employee Provident Fund (EPF) Calculator 2026 – Complete Guide
The Employee Provident Fund (EPF) is a government-backed retirement savings scheme for salaried employees in India. It builds a corpus for your retirement while providing tax benefits under Section 80C.
How is PF Calculated?
Both the employee and the employer contribute a fixed percentage of the employee's Basic Salary + Dearness Allowance (DA). The standard contribution rate is 12%.
- Employee Contribution: 12% of Basic Salary goes entirely to the EPF account.
- Employer Contribution: 3.67% goes to the EPF account, and 8.33% goes to the Employee Pension Scheme (EPS) (capped at ₹1,250/month).
Tax Benefits of EPF
EPF falls under the Exempt-Exempt-Exempt (EEE) category in the Old Tax Regime. The contributions (up to ₹1.5 Lakhs under 80C), the interest earned (up to ₹2.5 Lakhs contribution), and the maturity amount are all tax-free.
Frequently Asked Questions
Can I withdraw my PF before retirement? ▼
Yes, partial withdrawals (advances) are allowed for specific reasons such as medical emergencies, marriage, education, or purchasing a house, subject to certain conditions and minimum service years.
What is the current EPF interest rate? ▼
The EPF interest rate is declared annually by the EPFO. It typically ranges between 8.1% to 8.5%. Interest is calculated monthly but deposited yearly.