EPF Calculator – Employee Provident Fund Growth
Calculate your accumulated EPF retirement corpus based on basic salary, employer contribution, and the current 8.25% interest rate.
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Salaried Retirement Security: Employee Provident Fund (EPF)
EPF is a statutory retirement benefit scheme for salaried employees in India. Both the employee and employer contribute 12% of the basic salary + dearness allowance (DA) monthly to the EPFO. The current EPF interest rate stands at 8.25% p.a.
Out of the employer's 12% share, 8.33% goes towards the Employee Pension Scheme (EPS) which provides a pension after age 58, and the remaining 3.67% compounds in the EPF account.
Frequently Asked Questions (FAQ)
1. Is EPF interest taxable?
EPF interest is completely tax-free unless the employee's annual contribution exceeds ₹2.5 Lakhs. Contributions beyond this limit attract regular tax on the interest earned.
2. Can I withdraw EPF balance during active service?
Yes, advances can be claimed for specific emergencies such as house construction, marriage, illness, or job loss.