EPF Calculator

Yes. An EPF calculator is not linked to any specific employer or EPF account. After a job change, simply update the inputs — including your revised basic salary, new contribution rate if applicable, and updated service tenure — to reflect your current employment details. Your accumulated balance from the previous employer can also be factored into the projection.

Yes. Bajaj Finance EPF calculators is free to use. There are no subscription fees, registration requirements, or usage limits. You can access them at any time, run multiple projections, and adjust variables without any cost making this a practical and accessible retirement planning tool for all employees.

EPF is largely tax-exempt under the old tax regime, but with conditions. Employee contributions of up to Rs. 1.5 lakh per year qualify for deduction under Section 80C. Interest earned is tax-free provided the employee contributes up to Rs. 2.5 lakh annually. Withdrawals after five years of continuous service are also tax-exempt. Contributions and interest above these thresholds attract tax.

Three components of EPF can attract tax depending on specific conditions. First, employee contributions above Rs. 1.5 lakh per year do not qualify for Section 80C deduction. Second, interest earned on contributions exceeding Rs. 2.5 lakh per year is taxable as per the applicable income slab. Third, withdrawals made before completing five years of continuous service are fully taxable in the year of withdrawal.

You cannot withdraw 100% of your EPS (Employee Pension Scheme) balance as a lump sum in all circumstances. If your EPS service is less than 10 years, you may withdraw the entire EPS corpus as a lump sum or opt for a Scheme Certificate. If service exceeds 10 years, you are eligible only for a monthly pension upon reaching the age of 58 — not a lump sum withdrawal.

In the event of the EPF member's death whether during service or after retirement the nominee or legal heir is entitled to receive the accumulated EPF corpus as a lump sum. The spouse is additionally eligible for a monthly widow pension under EPS, and dependent children receive a children's pension until they reach adulthood. Nominations should be kept updated to ensure seamless claim processing.

As of 2026, the employee contribution rate remains 12% of basic salary plus dearness allowance. The employer also contributes 12% — of which 8.33% is directed to the Employee Pension Scheme and 3.67% to the EPF account. The EPFO declares interest on accumulated balances annually — the current rate for FY 2025–26 is 8.25% per annum.

Three components attract tax under specific conditions. Employee contributions above Rs. 1.5 lakh annually do not qualify for Section 80C deduction. Interest on contributions exceeding Rs. 2.5 lakh per year is taxable as per the applicable income slab. Withdrawals before completing five years of continuous service are fully taxable in the year of withdrawal under the applicable income tax slab rate.

To calculate your PF corpus, add the employee contribution — 12% of basic salary — and the employer's EPF contribution — 3.67% of basic salary — every month. Apply the annual interest rate declared by EPFO to the cumulative balance each year. Over a long tenure with regular increments and compounding interest, the total accumulated corpus can grow substantially beyond the raw contribution amount.

For a basic salary of Rs. 10,000 per month, the employee's EPF contribution is 12% — amounting to Rs. 1,200 per month. The employer contributes an equal 12% — of which Rs. 367 goes to the EPF account and Rs. 833 to the EPS account. The total monthly EPF credit to your account is Rs. 1,200 from you and Rs. 367 from your employer.

Every month, 12% of the employee's basic salary plus dearness allowance is deducted as the employee's EPF contribution. The employer simultaneously contributes 12% — with 3.67% credited to the EPF account and 8.33% to EPS. Both contributions are deposited with the EPFO by the employer before the 15th of the following month. Interest accrues on the cumulative balance annually at the rate declared by EPFO.

The EPS pension for private sector employees is calculated using the formula: Monthly Pension = (Pensionable Salary × Pensionable Service) ÷ 70. Pensionable salary is the average monthly salary drawn during the last 60 months of service, subject to a ceiling of Rs. 15,000. Pensionable service is the total years of eligible EPS contribution. The pension is payable monthly upon reaching the age of 58 years.

You can calculate your EPF amount using an online EPF calculator by entering your current basic salary, employee contribution percentage, employer contribution percentage, expected annual salary increment, and total years of service. The calculator applies the applicable EPFO interest rate to project your total accumulated corpus at retirement. You can also check your actual balance anytime through the EPFO member portal using your UAN and registered mobile number.

The 12% rule refers to the mandatory contribution rate under the EPF scheme — both the employee and employer are required to contribute 12% of the employee's basic salary plus dearness allowance each month. The employee's entire 12% goes to the EPF account, while the employer's 12% is split 3.67% to EPF and 8.33% to EPS. This rule applies to all establishments covered under the EPF and Miscellaneous Provisions Act, 1952.

An EPF calculator helps you estimate your retirement corpus accurately — allowing you to plan your financial future with clarity. It shows how your contributions, employer contributions, and compounding interest accumulate over your working years. You can model the impact of salary increments, contribution changes, and varying service tenures — helping you make informed decisions about retirement planning, supplementary investments, and long-term financial security well before you retire.