EPF / PF Calculator (India)
Splits the 12% employee + 12% employer EPF contribution, isolates the 8.33% EPS portion (capped at ₹1,250), and adds EDLI + administrative charges. Toggle between the statutory ₹15,000 wage ceiling and full basic to see both options.
Inputs
How EPF works in India
The Employees' Provident Funds & Miscellaneous Provisions Act, 1952 requires every establishment with 20+ employees to enroll workers in EPF. Employee earning "PF wages" (Basic + Dearness Allowance + retaining allowance) under ₹15,000/month must be covered; above that amount, coverage is voluntary but most employers continue it.
The 12% + 12% breakup
- Employee 12% — entirely to your EPF account.
- Employer 12% — split into 8.33% to EPS (Employee Pension Scheme, capped at ₹1,250 since EPS wage is capped at ₹15,000) and the remaining (typically 3.67%) to your EPF.
- EDLI 0.5% (employer-only, capped at ₹75) — Employee Deposit Linked Insurance. Pays nominee up to ₹7 L on death-in-service.
- Admin charges 0.5% (employer-only, ₹75 minimum) — EPFO's administration fee.
Ceiling mode vs full-basic mode
By default, employers cap PF wages at ₹15,000 (the statutory limit). If your basic is ₹50,000, PF still calculates on ₹15,000 = ₹1,800/month each side. Some employers voluntarily contribute on full basic — if yours does, switch the toggle above to "Full basic" mode and the numbers will recompute. Note: even in full-basic mode, EPS is always capped at ₹15,000 (so EPS = ₹1,250 max).
Interest rate
EPF earned 8.25% in FY 2024-25 (declared by EPFO in May 2025). The rate is reviewed annually by the Central Board of Trustees. Interest is credited every March, but compounds monthly on opening balance + contributions.
Frequently asked questions
Is PF mandatory below ₹15,000 basic?▾
Yes, if the employer is covered by the EPF Act (20+ employees). Below ₹15,000 PF wages, an employee cannot opt out except in very limited cases (e.g., already drawing PF from a previous employer at higher wage).
Can my employer cap PF at ₹15,000 if my basic is higher?▾
Yes. The ₹15,000 ceiling is the statutory minimum employers must contribute on. Many private companies cap at this level to limit their employer cost. Some pay on full basic — check your offer letter or HR policy.
What's the difference between EPF and EPS?▾
EPF (Provident Fund) is a savings account that earns interest and you withdraw at retirement or job change. EPS (Pension Scheme) gives you a monthly pension after age 58. The 8.33% employer contribution that goes to EPS is non-refundable in cash — you only get pension benefits.
Can I withdraw PF when I change jobs?▾
Yes, but it's better to transfer it. PF withdrawn within 5 years of joining is taxable (TDS @ 10% if PAN provided, 30% if not). Transfer your UAN to the new employer to keep the corpus growing tax-free.
What is the latest EPF interest rate?▾
8.25% for FY 2024-25, declared by the EPFO Central Board of Trustees in May 2025. The rate is reviewed every March. Historically it has stayed between 8.10% and 8.65% over the last decade.