EPF calculator

How this is calculated

Employee: 12% of basic + DA. Employer: 12%, of which 8.33% (capped at 8.33% of the wage ceiling) goes to EPS and the rest to EPF. Interest monthly on the running balance at R/12, credited yearly.

Worked example

At ₹15,000 wages the EPS share is about ₹1,250 a month; the employer's EPF share is about ₹550.

Assumptions

• Salary rises once a year by the percentage you enter.
• EPS pension is not included in the corpus.

Frequently asked questions

Is EPF interest tax-free?

Mostly; interest on employee contributions above certain limits is taxable. Check the current rules.