EPF Calculator

Check your Employees’ Provident Fund anytime, anywhere with India's best EPF calculator — only at Registrationwala!

What is EPF?

Employees’ Provident Fund is a welfare scheme brought into force with the promulgation of the Employees' Provident Funds Ordinance on 15 November 1951. The "Employees' Provident Funds Act 1952 later replaced the Ordinance. 

The PF scheme was introduced with the objective of securing the future for employed individuals. It provides statutory benefits to employed individuals post retirement or when they resign from their services. In case the PF account holder passes away, the dependents shall become eligible to receive the benefits under the scheme. 

Under the scheme, both the employers and their employees contribute a specific amount towards the fund. This amount is available to the employee upon retirement or exit from employment and is provided with interest, provided certain conditions are met.

What is an EPF Calculator?

Employees’ Provident Fund calculator, also known as PF calculator India, is an online financial tool that allows individuals to calculate the total PF amount or maturity amount they will receive once they retire from their employment. The maturity amount reflects both the employee and employer’s contributions along with the interest credited to the PF account. 

How to Use Registrationwala’s EPF Interest Calculator?

To calculate provident fund of employees using Registrationwala’s EPF withdrawal calculator, follow these simple steps:

Step 1: Enter your basic monthly salary, current age and retirement age.

Step 2: Now, enter your contribution in percentage and then your employer’s contribution in percentage.

Step 3: Now, add the Current Rate of Interest of the Employee’s PF.

Step 4: After adding all the values, the total maturity amount will be reflected on your screen by our EPF maturity calculator.

Formula for EPF Calculation

The formula for calculating an employee’s PF of is as follows:

• Employee contribution: 12 percent of basic salary + dearness allowance + retaining allowance

• Employer contribution: 12 percent of basic salary + dearness allowance

The employer’s contribution is divided into two parts. 8.33% of the employer's contribution goes to the employees' pension scheme whereas the remaining 3.67% contribution goes towards the employees’ PF.

Let’s take an example. If an employee’s basic salary plus dearness allowance is Rs. 14,000, then using the formula, the PF contribution for employee and employee would be as follows:

• Employee: 8.33% of Rs 14,500 = Rs 1,208.85

• Employer: 3.67% of Rs 14,500 = Rs 532.15

Frequently Asked Questions

Q1. Where can I find the best PF calculator?

A. You can find one of the best EPF balance calculators online on Registrationwala’s portal.

Q2. How can a PF calculator help me?

A. A PF calculator can help you get an estimate of how much money you will accumulate through EPF-contributions. According to the estimate, you can plan your retirement. 

Disclaimer: The EPF calculator by Registrationwala provides estimated results and may not always be accurate. For exact details, we request you to please consult the EPFO or your employer as may be considered appropriate.