What Is an EPF Calculator?

BizPillar’s EPF Calculator helps employees estimate their total Employees’ Provident Fund (EPF) balance, including monthly contributions and interest earned. It’s one of the simplest ways to track your retirement savings and understand how your PF corpus grows year after year.

EPF is a government-backed retirement scheme managed by EPFO, where both employee and employer contribute 12% each of the basic salary + DA (with a part of the employer’s share going into the Employees’ Pension Scheme).

As of 2023, EPFO manages ₹20+ lakh crore for over 277 million Indians—and an EPF calculator makes it easier for every employee to plan their financial future confidently.


Why Use an EPF Calculator?

Calculating EPF manually over multiple years (with salary increments and compound interest) is no fun. The EPF Calculator instantly gives you:

  • Your monthly contribution breakdown

  • Your employer’s contribution split (EPF + EPS)

  • The interest earned

  • Your projected retirement corpus

It’s perfect for:

  • Planning retirement goals

  • Comparing job offers

  • Estimating PF withdrawals

  • Tracking long-term savings growth

How EPF Is Calculated

The formula:

EPF Balance = (Employee Contribution + Employer Contribution) + Interest Earned

Employee Contribution:
12% of Basic Salary + DA

Employer Contribution:
12% of Basic Salary + DA

  • 8.33% → EPS (Pension)

  • Remaining → EPF

Interest Earned:
EPFO declares a yearly interest rate (e.g., 8.15% for FY 2022–23) — compounded monthly.

Example

Basic Salary: ₹30,000/month

  • Employee Contribution: ₹3,600

  • Employer Contribution: ₹3,600

    • ₹2,499 to EPF

    • ₹1,001 to EPS

Total Monthly Investment: ₹7,200
Yearly Contribution: ₹86,400 + interest

Over 20 years (at ~8% interest), this corpus grows into a strong retirement fund — and the calculator projects this instantly.

How to Use BizPillar’s EPF Calculator

  1. Enter Salary Details
    Basic Salary + DA

  2. Add Contribution Percentages
    Employee + employer share

  3. Select Employment Duration
    Number of years you will contribute

  4. Get Instant Output
    Total PF balance + interest + employer split

Clean, fast, and fully automated.

Benefits of Using BizPillar’s EPF Calculator

1. Instant & Accurate Projections: No manual math — get real-time EPF estimates based on the latest interest rate.

2. Smarter Retirement Planning: See how your PF grows over 5, 10, 20+ years and plan your financial goals accordingly.

3. Helps Evaluate Job Offers: Compare PF benefits across companies to understand long-term impact.

4. User-Friendly for Everyone: Employees, HR teams, and financial planners can use it without any tax or finance background.