PF & EPF Corpus Calculator — Project Your Retirement Savings
Calculate your EPF corpus at retirement with year-by-year growth chart. Apply the new Labour Code 50% wage rule to see how higher basic impacts your final corpus.
Apply 50% Wage Rule (New Labour Code)
Increases basic by ~25% if below 50% of CTC
Corpus at Retirement
₹2.91 Cr
In 28 years at age 58
4% SWR applied on corpus. Estimate only.
How EPF Works and Why It Matters
The Employee Provident Fund (EPF) is India's premier retirement savings scheme, managed by the Employees' Provident Fund Organisation (EPFO). It applies to all companies with 20 or more employees. Both you and your employer contribute 12% of your basic salary every month, building a corpus that earns compound interest at rates declared annually.
Employee vs Employer Contribution Split
- Your share (12%): Goes entirely to your EPF account
- Employer's 8.33%: Goes to Employee Pension Scheme (EPS), capped at ₹1,250/month
- Employer's remaining 3.67%+: Goes to your EPF account
- Net result: ~15.67% of basic goes to your EPF each month (your 12% + employer's EPF share)
The Power of Compounding
At 8.25% annual interest, money doubles roughly every 8.7 years. An employee who starts at ₹30,000 basic at age 25 and retires at 58 can accumulate over ₹1.5 crore in EPF corpus — even without any salary increments.
New Labour Code Impact on PF
With the new Labour Code mandating minimum 50% basic of CTC, PF contributions increase for those previously below the threshold. Toggle the "Apply 50% wage rule" option in the calculator to see how this affects your final retirement corpus.
Frequently Asked Questions
What is the current EPF interest rate in India?
The EPFO declared an EPF interest rate of 8.25% per annum for FY 2023-24, credited quarterly. This is the rate used as the default in this calculator. The rate is declared annually by EPFO and ratified by the Ministry of Finance.
How is EPF corpus calculated?
Your EPF corpus grows through monthly contributions from both you (12% of basic salary) and your employer (split between EPF and EPS), plus compound interest at the declared EPF rate. The employer's contribution is split: 8.33% of basic (capped at ₹1,250/month) goes to Employee Pension Scheme (EPS), and the rest goes to EPF account.
Can I withdraw PF before retirement?
Yes. You can make partial PF withdrawals for specific purposes: medical emergencies (75% of corpus), housing (up to 36 times monthly wages), marriage/education (50% of employee's share after 7 years), and unemployment (75% after 1 month, 100% after 2 months). Full withdrawal is permitted after retirement or 2 months of unemployment.
How does the new Labour Code affect PF contributions?
The new Labour Code's 50% basic wage rule increases PF contributions for employees whose basic was below 50% of CTC. Since PF is 12% of basic (both employee and employer), a higher basic directly increases monthly contributions and therefore the final corpus at retirement.
Is PF interest taxable?
EPF interest is tax-free up to a contribution of ₹2.5 lakh per year (employee's share). Interest on contributions above ₹2.5 lakh/year is taxable at slab rates. This change was introduced in Budget 2021 and applies from April 2021 onwards. For most salaried employees, PF remains effectively tax-free.