What is the Employees' Provident Fund (EPF)?
The Employees' Provident Fund (EPF) is the primary retirement savings scheme for salaried employees in India. Under this scheme, you contribute 12% of your Basic Salary + DA, and your employer matches this contribution (with a portion going to EPS for pension). The EPFO declares an annual interest rate, which compounds to build a massive retirement corpus.
Using the EPF Calculator
Our EPF Calculator is the most comprehensive tool for salaried professionals. By entering your current basic salary, expected annual hike, and current EPF balance, it projects your exact retirement corpus at age 58 or 60. It automatically separates the EPS portion and calculates interest precisely as per EPFO guidelines.
Voluntary Provident Fund (VPF)
If you want to maximize your tax-free retirement wealth, you can contribute more than the mandatory 12% through VPF. VPF earns the exact same high interest rate (currently ~8.25%) as EPF and is one of the safest wealth-building avenues available to Indian employees.