EPF calculators

Each year, we add 12% of your monthly salary (employee contribution) plus 3.67% (employer EPF portion — the remaining 8.33% goes to EPS) for 12 months. The balance grows at the EPF interest rate. Your salary grows at the annual growth rate you specify.

The employer contributes 12% of basic salary. Of this, 8.33% goes to EPS (Employees' Pension Scheme) and only the remaining 3.67% goes to your EPF account. Your employee contribution of 12% goes entirely to EPF.

EPF withdrawal after 5 continuous years of service is fully tax-free. If you withdraw before 5 years, TDS applies. There is also a 10% TDS if your PAN is not seeded and the withdrawal amount exceeds ₹50,000 — but this is recoverable in your ITR.

With the salary capped at ₹15,000 and a maximum of 35 pensionable service years (plus 2 bonus years for ≥ 20 years), the maximum EPS pension is: (₹15,000 × 35) ÷ 70 = ₹7,500/month. Most people receive less.

Under standard EPS, only ₹15,000 counts regardless of actual salary. However, a Supreme Court judgment in 2022 allowed certain pre-2014 members to opt for higher pension on their actual salary. See the higher pension calculator for that scenario.

Yes. EPS pension is treated as salary income and taxed at your applicable slab rate. There is no special exemption. Factor this into your retirement income planning.