EPF Details
- • Employee: 12% of basic
- • Employer: 12% (3.67% to EPF + 8.33% to EPS)
- • Interest: 8.25% p.a. (compounded monthly)
- • Tax-free up to ₹2.5L contribution/year
EPF Maturity Amount
₹
At age 58 (28 years)
Employee
₹0
Employer
₹0
About EPF (Employee Provident Fund)
EPF is a retirement savings scheme regulated by EPFO. Mandatory for organizations with 20+ employees. Both employer and employee contribute 12% of basic salary monthly.
Contribution Split
Employee: 12% → EPF. Employer: 12% (3.67% → EPF, 8.33% → EPS, 0.5% → EDLI). Effective EPF = 12% + 3.67% = 15.67% of basic.
Tax Benefits
- Employee contribution: 80C deduction (up to ₹1.5L)
- Interest tax-free if contribution ≤ ₹2.5L/year
- Maturity (after 5 years service): tax-free
Updated: October 2026
Interest: 8.25% p.a. (FY 2025-26)
Source: EPFO official notification (epfindia.gov.in)
Note: Employer's 8.33% EPS contribution (max ₹1,250/month) not included above.
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Frequently Asked Questions
What is EPF and how does it work?
Employee Provident Fund (EPF) is a retirement savings scheme regulated by EPFO (Employees' Provident Fund Organisation). Mandatory for companies with 20+ employees. Both employee and employer contribute 12% of basic salary monthly. Of employer's 12%: 3.67% goes to EPF, 8.33% to EPS (pension), 0.5% to EDLI (insurance). EPF earns 8.25% interest (compounded monthly) as per EPFO notification for FY 2025-26.
How much will I get at EPF maturity?
Your EPF maturity depends on: basic salary, years of service, salary increments, and EPF interest rate. For example: Basic ₹50,000/month, 20 years service, 8% annual increment → EPF maturity ≈ ₹1.2-1.5 crore. Use the calculator to estimate your specific maturity amount. Interest compounds monthly, significantly boosting final corpus.
Can I withdraw EPF before retirement?
Partial withdrawal is allowed for: home purchase/construction, home loan repayment, medical emergency, education, marriage, or unemployment (1 month+ without job). Full withdrawal is allowed after 2 months of unemployment or at retirement (age 58). Withdrawal before 5 years of continuous service is taxable; after 5 years, it's tax-free.
What are EPF tax benefits?
Employee contribution: Section 80C deduction (up to ₹1.5 lakh). Interest earned: Tax-free if total annual contribution ≤ ₹2.5 lakh (yours + employer's, introduced in Budget 2021). Maturity amount: Tax-free if withdrawn after 5 years of continuous service. If withdrawn before 5 years, it's taxable as income.
What is UAN and how do I check my EPF balance?
UAN (Universal Account Number) is a unique 12-digit number allotted to EPF members. It remains same even if you change jobs. Check EPF balance via: (1) UMANG app, (2) EPFO member portal (unifiedportal-mem.epfindia.gov.in), (3) SMS (send EPFOHO UAN to 7738299899), (4) Missed call (9966044425). You need UAN activated and linked to mobile/Aadhaar.
Can I transfer EPF when I change jobs?
Yes, EPF is portable. Use online transfer via EPFO portal: Login → Online Services → One Member One EPF Account. Transfer happens automatically if both accounts have same UAN, Aadhaar, and KYC. No need to withdraw and lose tax benefits. Transfer preserves your service continuity for 5-year tax-free withdrawal rule.