EPF Corpus Calculator
EPF Projection at Retirement
⚠️ This is an indicative projection assuming a constant salary increment and EPF interest rate. Actual EPF balance depends on contributions history, salary revisions, withdrawals, and EPFO's annual interest declaration. For your actual EPF balance, check your EPF passbook on the EPFO member portal (passbook.epfindia.gov.in).
EPF Contribution Structure
| Contributor | Rate | Goes To |
|---|---|---|
| Employee | 12% of Basic + DA | 100% to EPF Account |
| Employer | 12% of Basic + DA | 3.67% to EPF + 8.33% to EPS (Employee Pension Scheme) |
| Total | 24% of Basic + DA | Employee: 12% + Employer EPF: 3.67% = 15.67% to EPF |
Note: Employer's EPS (8.33%) goes to the pension scheme, not EPF. The maximum EPS contribution is capped at 8.33% of Rs.15,000 = Rs.1,250/month regardless of salary.
Frequently Asked Questions
Full EPF withdrawal is allowed on retirement (at age 58), or 2 months after leaving employment (if not re-employed). Partial withdrawals are allowed for specific purposes: (1) Housing — after 5 years of service, up to 90% of balance, (2) Medical emergency — any time, up to 6× monthly salary, (3) Marriage/Education — after 7 years, up to 50%, (4) COVID-19/pandemic relief — up to 75% of balance. All withdrawals after 5 years of continuous service are tax-free.
EPF interest is tax-free up to contributions of Rs.2.5 lakh per year (for employees without employer contribution to NPS) or Rs.5 lakh per year (for government employees). Interest on contributions above this limit is taxable (Budget 2021 amendment). For most salaried employees contributing 12% of basic salary, this limit is rarely exceeded unless the basic salary exceeds Rs.1.73 lakh/month. Consult our team for your specific situation.
When changing jobs, you should transfer your EPF (not withdraw) using the EPFO's online transfer facility via your UAN (Universal Account Number). Transferring preserves continuity of service for gratuity eligibility and avoids TDS (withdrawing within 5 years of service attracts 10% TDS). The UAN remains the same across employers — ensure your new employer links to the same UAN for seamless transfer.
EPF Disputes or Labour Law Issues?
SG Law India handles EPF-related legal matters, labour disputes, and employment law compliance for businesses and employees in Pondicherry.