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EPF / PF Calculator

Accurate 12% statutory split, EPS cap, and compound corpus accumulation.

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Statutory Provident Fund is calculated on Basic Wages + Dearness Allowance (DA).
Mandatory ceiling is ₹15,000, but most organized sector employers contribute on full basic pay.
Years to retirement / exit.
Expected annual basic wage hike.
Current official EPFO interest rate: 8.25% p.a.
EPFO Statutory Schedule
EPF & MP Act 1952
Projected Total EPF Corpus
₹43,12,890
Employee Monthly Share (12% EPF) ₹3,600
Employer EPS Share (8.33% Pension) ₹1,250 (Capped at ₹15k wage)
Employer EPF Share (3.67% + Bal) ₹2,350
Total Monthly Deposit in EPF Account ₹5,950
Total Employee Contributions Over Tenure ₹11,72,850
Total Employer EPF Share Over Tenure ₹7,66,420
Compound Interest Earned (8.25% p.a.) ₹23,73,620

How EPF and EPS Contributions are Split in India

Under the Employees' Provident Funds and Miscellaneous Provisions Act 1952, standard EPF contributions total 24% of Basic Wages + DA, split equally between the employee and employer:

Employee Contribution = 12% × Basic Salary → Deposited 100% into EPF Account
Employer Contribution = 12% × Basic Salary → Split into EPS (8.33%) and EPF (3.67%)

The ₹15,000 Statutory Wage Ceiling Rule

For mandatory statutory compliance, the wage ceiling is ₹15,000 per month. The Employees' Pension Scheme (EPS) contribution of 8.33% is strictly capped at ₹15,000 (i.e., maximum ₹1,250 per month). If an employer contributes on an actual basic wage higher than ₹15,000, all remaining employer funds above ₹1,250 flow into the employee's EPF account rather than the pension pool.

EPFO Tax Exemption Ceiling

Under Indian Income Tax rules, employee PF contributions up to ₹2.5 Lakh per financial year generate tax-free interest. Interest on annual employee contributions exceeding ₹2.5 Lakh is taxable under the non-exempt PF ledger.