MoneyWiseGuide
Calculate your Employee Provident Fund corpus with employer contributions and compound interest
Current rate: 8.5% (FY 2024-25)
Enter your salary details to calculate EPF corpus
Current EPF interest rate is 8.5% p.a. for FY 2024-25. Interest is compounded monthly and credited annually.
EPF contributions are eligible for tax deduction under Section 80C (up to ₹1.5 Lakh). Interest earned is tax-free. Withdrawals after 5 years are tax-free.
EPF (Employees' Provident Fund) is a retirement savings scheme managed by EPFO. Both employer and employee contribute 12% of basic salary + DA each month. The employee's contribution goes entirely to EPF, while employer's contribution is split between EPF (3.67%), EPS (8.33%), and EDLI charges.
The EPF interest rate for FY 2024-25 is 8.25% per annum, compounded annually. This rate is declared by the EPFO annually and may vary each year based on economic conditions. The interest is calculated monthly but credited annually.
Yes, partial withdrawals are allowed after 5 years of continuous service for specific purposes like home purchase, medical emergency, education, or marriage. Full withdrawal is permitted on retirement, unemployment for 2+ months, or before retirement for specific reasons. Early withdrawal may have tax implications.
EPF enjoys EEE (Exempt-Exempt-Exempt) status under the old tax regime. Contributions qualify for Section 80C deduction, interest earned is tax-free, and withdrawals after 5 years of continuous service are tax-free. However, interest on employee contribution exceeding ₹2.5 lakh per year is now taxable.
You can transfer your EPF account to your new employer using your UAN (Universal Account Number). This maintains continuity and preserves tax benefits. Alternatively, you can keep the account dormant or withdraw it (subject to tax implications if withdrawn before 5 years).
VPF (Voluntary Provident Fund) allows you to contribute more than the mandatory 12% to your PF account. VPF contributions earn the same interest rate as EPF and qualify for Section 80C deduction. However, VPF contributions above ₹2.5 lakh per year will earn taxable interest.
EPF is for salaried employees with mandatory employer contribution, while PPF (Public Provident Fund) is a voluntary scheme anyone can open. EPF has no contribution limit (except for tax on interest), while PPF has a maximum limit of ₹1.5 lakh per year. Both offer EEE tax benefits.
Yes, you can check your EPF balance through the UMANG app, EPF member portal (using UAN and password), or by sending an SMS. You can also download your EPF passbook online to see detailed transaction history and interest credited.