Statutory EPF Calculator
Free PF Calculator — Employee & Employer EPF Contributions
Calculate exact monthly and annual Provident Fund deductions (Employee 12% + Employer 3.67% EPF & 8.33% EPS) under the Employees' Provident Funds Act 1952.
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Employee PF (12%)
₹1440.00
Deducted from salary
Employer Contribution (12%)
₹1440.00
Contributed by company
Total Monthly Deposit
₹2880.00
Total into EPFO account
| Contribution Component | Rate | Monthly | Annual (12 Mo) |
|---|---|---|---|
| Employee PF Contribution | 12.00% | ₹1440.00 | ₹17280.00 |
| Employer Pension Scheme (EPS) | 8.33% (Max ₹1,250) | ₹1,000.00 | ₹12,000.00 |
| Employer Provident Fund (EPF) | 3.67% | ₹440.00 | ₹5,280.00 |
| Total Employer Contribution | 12.00% | ₹1440.00 | ₹17280.00 |
| Total Monthly Deposit to EPFO | 24.00% | ₹2880.00 | ₹34560.00 |
* Excludes employer EDLI (0.50%) and EPF Admin charges (0.50%).
EPFO Contribution Guidelines & Rules in India
The Employees' Provident Fund (EPF) is a statutory retirement benefits scheme managed by the Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India. It applies to all establishments with 20 or more employees.
Statutory Wage Ceiling Explained (₹15,000 Cap)
Under standard EPFO rules, the statutory ceiling on basic salary for mandatory provident fund enrollment is ₹15,000 per month:
- Maximum Statutory Employee PF = 12% of ₹15,000 = ₹1,800 / month.
- Maximum Statutory Pension (EPS) = 8.33% of ₹15,000 = ₹1,250 / month.
- Voluntary higher contribution: Both employer and employee can agree to contribute 12% on actual basic wages (e.g. ₹50,000 basic = ₹6,000 PF/month). In such cases, the EPS portion is still capped at ₹1,250, and the balance flows into EPF.
EPF Tax Benefits & Interest
| Feature | Details |
|---|---|
| Current EPFO Interest Rate | 8.25% per annum (compounded annually, backed by Sovereign guarantee) |
| Section 80C Tax Deduction | Employee's contribution is tax-deductible up to ₹1.5 Lakhs/year under Section 80C |
| Tax-Free Interest Limit | Interest earned on employee contributions up to ₹2.5 Lakhs/year is 100% tax-free |
| Withdrawal Rules | Tax-free withdrawal after 5 years of continuous service |
Frequently Asked Questions (FAQ)
EPF (Employees' Provident Fund) is a retirement savings corpus accumulated through both employee and employer contributions that earns interest and can be withdrawn as a lump sum. EPS (Employees' Pension Scheme) is a social security pension pool funded solely from a portion of the employer's contribution (8.33% capped at ₹1,250/mo) providing lifelong monthly pension after age 58.
Only employees whose basic pay exceeds ₹15,000 per month at the time of joining their first job can opt out by submitting Form 11. Once enrolled in EPFO, an employee cannot opt out in subsequent employment.
In addition to the 12% matching contribution, employers pay 0.50% towards the Employees' Deposit Linked Insurance (EDLI) scheme (providing life insurance cover up to ₹7 Lakhs) and 0.50% towards EPF Administrative Charges (subject to minimum ₹500/month).