EPF Calculator & Retirement Planner India (FY 2024-25)

What is EPF and EPS?

The Employees' Provident Fund (EPF) is a retirement benefit scheme backed by the Government of India. Both the employee and the employer contribute a portion of the basic salary every month toward the employee's retirement corpus.

While the employee's entire 12% goes directly into the EPF account, the employer's 12% is legally split into two components:

EPS (Employees' Pension Scheme): 8.33% of the employer's contribution goes here, up to a strict maximum wage ceiling of ₹15,000. This means the maximum EPS contribution is capped at ₹1,250 per month.
EPF (Provident Fund): The remaining amount (3.67% or more) goes into your regular EPF account, which earns compounding interest every year.

EPF vs PPF: Which is better?

Feature	EPF (Employee PF)	PPF (Public PF)
Eligibility	Salaried employees only	Anyone (Salaried, Self-employed)
Contribution	Employee + Employer match	Self-contribution only
Interest Rate	~8.15% to 8.25% (Subject to change)	~7.1% (Subject to change)
Lock-in Period	Until retirement / resignation	Strict 15 years
Tax Benefit	EEE (Exempt-Exempt-Exempt)	EEE (Exempt-Exempt-Exempt)

Transferring PF is Critical

When you change jobs, you have a UAN (Universal Account Number) that remains the same, but a new PF Member ID is created by your new employer.

You MUST actively transfer your old PF to your new PF using the EPFO portal.

If you don't transfer, your old PF stops earning interest after 3 years and your continuous service years reset, hurting your pension eligibility.

Related Calculators

Frequently Asked Questions

Is my EPF withdrawal taxable?

If you withdraw your EPF balance before completing 5 continuous years of service, the withdrawal is fully taxable in your hands, and TDS will be deducted at 10% (if PAN is linked). If you withdraw after 5 years, it is 100% tax-free.

Can I withdraw EPS (Pension)?

You can only withdraw your EPS contribution via Form 10C if your total service is less than 9.5 years. If your service exceeds 10 years, you cannot withdraw the EPS lump sum; instead, you are mandated to receive a monthly pension after age 58.

What happens if I stay unemployed for 2 months?

Under EPFO rules, if you are unemployed for more than 1 month, you can legally withdraw 75% of your total EPF corpus. If the unemployment continues for 2 months, you can withdraw the remaining 25% and close the account.

What is the difference between Form 19, 10C, and 10D?

Form 19: Used for final settlement of your core EPF balance.
Form 10C: Used to withdraw your EPS balance (if service < 10 years) or get a Scheme Certificate.
Form 10D: Used to apply for your monthly pension after retirement.

EPF Calculator & Retirement Planner