What is EPS (Employee Pension Scheme)?

Of the employer's 12% contribution, 8.33% goes to EPS (up to ₹1,250/month) and 3.67% goes to EPF. EPS provides a pension after retirement.

Voluntary Provident Fund (VPF) allows employees to contribute more than 12% of basic salary to their EPF account at the same interest rate. All VPF interest was tax-free until the ₹2.5L cap was introduced.

When is EPF fully tax-free on withdrawal?

EPF withdrawal is fully tax-free if: (1) you have completed 5 years of continuous service, or (2) the withdrawal is due to ill health or business closure. Withdrawals before 5 years attract TDS.

What happens to EPF if I change jobs?

You can transfer your EPF corpus to your new employer using UAN (Universal Account Number). This ensures continuity and avoids loss of tax-free benefits.

Is the employer's EPF contribution tax-free?

The employer's contribution up to 12% of basic pay is not counted as your income. However, employer contributions above ₹7.5 Lakhs/year (combined EPF + NPS + superannuation) are taxable.

What is KYC requirement for EPF?

EPF accounts require Aadhaar, PAN, and bank account linkage as part of KYC. Without KYC, you cannot withdraw or transfer your EPF online.

Who is exempted from EPF?

Employees earning above ₹15,000/month (basic) at joining are exempt from mandatory EPF. However, most companies enroll all employees. Self-employed and contract workers are not covered.

What is the difference between EPF and GPF?

EPF is for private sector employees. GPF (General Provident Fund) is for government employees. Both work similarly but GPF rate is set quarterly by the government, not the EPFO board.

EPF / PF Calculator

Q: What is EPF?

EPF (Employees' Provident Fund) is a retirement savings scheme for salaried employees in India. Both employee and employer contribute 12% of basic salary each month.

Q: What is the current EPF interest rate?

The EPF interest rate is set by EPFO annually. For FY 2023-24, it was 8.25%. Check epfindia.gov.in for the latest rate.

Q: Can I withdraw EPF before retirement?

Partial withdrawals are allowed for specific purposes (medical, home purchase, education). Full withdrawal is permitted after 2 months of unemployment.

Q: Is EPF interest taxable?

EPF contributions up to ₹2.5 Lakhs/year earn tax-free interest. Contributions above ₹2.5L per year are taxed at your income slab rate (applicable from FY 2021-22).

Q: Can I check my EPF balance online?

Yes. Log in to the EPFO portal (epfindia.gov.in) using your UAN. You can view passbook, withdraw, or transfer your EPF online.

Q: What is the EDLI benefit?

Employees' Deposit Linked Insurance (EDLI) provides a life insurance cover of up to ₹7 Lakhs to the nominee of an EPF member who passes away while in service.

Project your EPF corpus at retirement with salary growth and compounding.

Current Age

Retirement Age

Current Monthly Basic Salary (₹)

Annual Salary Increment (%)

Employee Contribution (%)

Employer EPF Contribution (%) Only EPF portion (3.67%). Employer total is 12% (8.33% goes to EPS).

EPF Interest Rate (% p.a.) Verify current rate at epfindia.gov.in

₹0

Total EPF Corpus at Retirement

Age	Corpus

Frequently Asked Questions

What is EPF?

EPF is a retirement savings scheme for salaried employees in India. Both employee and employer contribute 12% of basic salary each month.

What is the current EPF interest rate?

For FY 2023-24, the EPF rate was 8.25%. Check epfindia.gov.in for the latest declared rate.

Can I withdraw EPF before retirement?

Partial withdrawals are allowed for medical, home purchase, or education. Full withdrawal is permitted after 2 months of unemployment.

What is EPS?

Of the employer's 12% contribution, 8.33% goes to EPS (pension) and 3.67% to EPF corpus. EPS provides a pension after 10 years of service.

Is EPF interest taxable?

Contributions up to ₹2.5 Lakhs/year earn tax-free interest. Above ₹2.5L per year is taxed at income slab rate from FY 2021-22 onwards.

What is VPF?

Voluntary Provident Fund allows contributing beyond 12%. Interest earned within the ₹2.5L annual contribution cap remains tax-free.

When is EPF withdrawal tax-free?

EPF withdrawal is fully tax-free after 5 continuous years of service. Before 5 years, TDS applies.

What happens to EPF when I change jobs?

Transfer your EPF to the new employer using UAN online. This ensures continuity and tax-free status.

Can I check my EPF balance online?

Yes. Log in to epfindia.gov.in with your UAN to view passbook, withdraw, or transfer your EPF.

What is the EDLI benefit?

EDLI provides life insurance up to ₹7 Lakhs to the nominee of an EPF member who dies while in service.

Can I contribute to both EPF and NPS?

Yes. EPF is mandatory for eligible employees; NPS is voluntary. NPS gives an additional ₹50,000 deduction under 80CCD(1B).