Calculate PF deductions, EPF contributions, employee and employer PF amounts easily. Accurate PF calculator for salary planning and retirement savings.
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Maximize your Provident Fund benefits with these insights:
EPF offers 8.25% interest, higher than most fixed deposits and savings accounts, making it an excellent retirement savings tool.
PF contributions qualify for tax deduction under Section 80C up to ₹1.5 lakh, and the maturity amount is tax-free after 5 years.
Your employer matches your contribution up to 12%, essentially giving you free money for retirement savings.
You can take a loan against your PF balance for specific purposes like home purchase, marriage, or education with low interest rates.
Partial withdrawals are allowed for specific needs after certain years of service, making it accessible for emergencies.
PF account is portable across jobs - your UAN (Universal Account Number) remains the same throughout your career.
Our PF Deduction Calculator is a comprehensive tool designed to help employees understand and calculate their Provident Fund contributions accurately. PF is a crucial retirement savings scheme in India that provides financial security to employees after retirement.
The calculator helps you understand how much is deducted from your salary for PF, how much your employer contributes, and how your PF balance grows over time with compound interest. It also helps you plan withdrawals and understand tax implications.
With features for calculating monthly deductions, projecting future balances, and planning withdrawals, this tool helps you make informed decisions about your retirement savings and financial planning.
No registration required - start calculating immediately!
PF is calculated as 12% of basic salary + dearness allowance (if applicable). The employee contributes 12% and the employer matches with 12% (3.67% to PF and 8.33% to EPS). For example: If basic salary is ₹30,000, employee PF = ₹3,600, employer PF = ₹1,101 (3.67% of ₹30,000) + ₹2,499 (8.33% of ₹30,000, capped at ₹1,250 for salary above ₹15,000). For salaries above ₹15,000, PF is calculated on ₹15,000 or actual salary, whichever is lower if the employee has opted for PF on higher salary.
The current EPF interest rate for 2024-25 is 8.25% per annum. Interest is calculated monthly but credited annually at the end of the financial year. The rate is declared by the EPFO (Employees' Provident Fund Organisation) each financial year based on the returns from their investments. Historical rates: 2023-24: 8.15%, 2022-23: 8.15%, 2021-22: 8.10%, 2020-21: 8.50%, 2019-20: 8.50%, 2018-19: 8.65%. EPF has consistently offered higher returns compared to other fixed-income instruments.
EPF (Employee Provident Fund) is for salaried employees with mandatory contributions from both employee (12%) and employer (12%). PPF (Public Provident Fund) is a voluntary savings scheme open to all individuals (salaried, self-employed, etc.) with fixed 15-year tenure. Key differences: 1) EPF offers employer contribution, PPF doesn't, 2) EPF interest ~8.25%, PPF ~7.1%, 3) EPF withdrawals allowed after unemployment, PPF after 15 years, 4) EPF contributions through salary deduction, PPF through voluntary deposits, 5) Both offer tax benefits under Section 80C and tax-free maturity.
PF withdrawal rules: 1) Full withdrawal after 2 months of continuous unemployment, 2) Partial withdrawal for specific purposes: marriage/education (after 7 years), home loan/construction (after 5 years), medical treatment (any time), 3) 75% can be withdrawn after 1 month unemployment + 25% after 2 months, 4) Complete withdrawal at retirement (58 years), 5) Tax-free if account is 5+ years old, 6) TDS deducted if withdrawn before 5 years without PAN (10% with PAN, 30% without PAN). Maximum withdrawal amounts vary by purpose and service period.
PF is mandatory for: 1) Organizations with 20+ employees registered under EPF Act, 2) Employees earning up to ₹15,000 basic salary per month. Employees earning above ₹15,000 basic salary can voluntarily opt for PF with employer approval. Organizations with less than 20 employees can voluntarily register for EPF. International workers are also covered under EPF. Once enrolled, PF contributions continue until retirement or resignation. Both employee and employer contributions are mandatory for eligible employees.
You can check PF balance online through: 1) EPFO Portal (unifiedportal.epfindia.gov.in) using UAN and password, 2) UMANG App (mobile application), 3) SMS: Send EPFOHO UAN ENG to 7738299899, 4) Missed Call: Give missed call to 011-22901406 from registered mobile, 5) EPFO e-passbook download. Requirements: Activated UAN (Universal Account Number), registered mobile number with EPFO, KYC details (Aadhaar, PAN, bank details) updated. You can view balance, contributions, withdrawals, and passbook for all previous employment periods.