EPF Calculator India 2026

The last confirmed EPF interest rate is 8.25% for FY 2025-26, announced by the EPFO Central Board of Trustees and notified by the Government of India on 1 July 2026. The FY 2026-27 rate is set through the same annual process and hadn't been announced as of this calculator's last review — check the EPFO circular page (epfindia.gov.in) for the latest notification.

Employee contributes 12% of (Basic + DA) — the entire amount goes to EPF. Employer also contributes 12%, but it's split: 3.67% to EPF and 8.33% to EPS (capped at ₹1,250/month, based on the ₹15,000 statutory wage ceiling). Any employer contribution above the EPS cap is added to EPF instead.

EPF (Employees' Provident Fund) is your lump-sum retirement corpus, paid out at retirement or exit. EPS (Employee Pension Scheme) provides a monthly pension for life from age 58, funded by the employer's 8.33% share (capped at ₹1,250/month). EPS pension requires a minimum of 10 years of service and uses the formula (Pensionable Salary × Pensionable Service) / 70, where pensionable service gets a 2-year bonus once actual service reaches 20+ years.

EPF has EEE (Exempt-Exempt-Exempt) status: contributions are deductible under Section 80C, interest is tax-free, and maturity withdrawal is tax-free if you have 5+ years of continuous service. Withdrawals before 5 years of continuous service are taxable, and TDS applies (10% with PAN, 30% without). This isn't tax advice — confirm your specific case with a tax professional.

Partial withdrawal is allowed for specific purposes (house purchase, medical treatment, education, marriage) once conditions like minimum service years are met — the exact eligibility varies by purpose. Full withdrawal is normally only at age 58 or after 2 months of unemployment. Early withdrawal breaks compounding, so it reduces your final retirement corpus significantly.