EPF Calculator
Where the 24% of your PF wages goes each month, and what your EPF balance would reach at the rate you enter.
Enter the rate declared by the EPFO — Muktify never suggests one.
Where the 24% goes each month
| You, 12%On ₹50,000 | ₹6,000 |
| Your employer, to EPF12% less the pension share | ₹3,917 |
| Your employer, to the pension scheme (EPS)8.33% of wages up to ₹25,000 | ₹2,083 |
| Into your EPF balance | ₹9,917 |
The pension share builds a monthly pension from age 58, not a balance you can withdraw, so it is not counted in the EPF figure.
Enter the declared EPF rate to see it.
The EPFO declares the rate once a year. Use the latest rate on your passbook.
How it’s worked out
Where the 24% goes
Each month you contribute 12% of your PF wages, which is basic pay plus dearness allowance, and your employer contributes another 12%. All of your share goes into your EPF account. Your employer’s share is split: 8.33% of your wages up to the wage ceiling goes to the Employees’ Pension Scheme, and the rest goes into your EPF account.
With the ceiling at ₹25,000 a month, the pension share is at most ₹2,083 a month. On a basic of ₹50,000, you put in ₹6,000, your employer puts in ₹6,000, and of that ₹2,083 goes to the pension scheme, so ₹9,917 a month reaches your EPF balance.
Full basic or the ceiling
Some employers work out PF on your whole basic; others cap the wages at the ceiling, which makes both contributions smaller. Your payslip shows which: compare the PF line with 12% of your basic. Choose the matching option here so the projection uses the same base.
The pension share does not build a withdrawable balance. It earns you a monthly pension from 58 under the Employees’ Pension Scheme, worked out on your pensionable salary and years of service, so this calculator shows it separately and leaves it out of the EPF figure.
Interest, and tax
The EPFO declares the interest rate once a year. Interest is calculated monthly on the running balance and credited to your account at the end of the year. This calculator uses the one rate you enter for every year, so the result is an estimate that moves when the declared rate does.
Interest on your own contributions above ₹2,50,000 a year is taxable, or above ₹5,00,000 where the employer does not contribute. Employer contributions to PF, NPS and superannuation above ₹7,50,000 a year are taxed as salary. A withdrawal after five years of continuous service is tax-free.
Questions people ask
How much of my salary goes to EPF?
12% of your basic plus DA from you, and 12% from your employer, of which 8.33% of wages up to the ₹25,000 ceiling goes to the pension scheme. On ₹50,000 basic, ₹9,917 a month reaches your EPF balance.
What is EPS in my PF?
The Employees’ Pension Scheme. 8.33% of your wages up to the ceiling comes out of your employer’s 12% and goes to EPS. It pays a monthly pension from 58 rather than building a balance you can withdraw.
Is EPF interest taxable?
Only the interest on your own contributions above ₹2.5 lakh in a year (₹5 lakh if the employer does not contribute). Interest on contributions below that limit stays tax-free.
Is EPF withdrawal taxable?
Not after five years of continuous service, counting earlier employers if the account was transferred. A withdrawal before five years is taxable, and TDS may be deducted if the amount is ₹50,000 or more.
Why does this calculator ask me for the interest rate?
The EPFO declares the rate each year and Muktify never supplies a rate for any scheme or product. Use the latest rate shown on your EPF passbook.
Educational estimates from the figures you enter. Not investment advice — Muktify is not SEBI-registered.