Estimate your Employees' Provident Fund retirement corpus based on current interest rates.
Employees' Provident Fund (EPF) is a retirement savings scheme mandatory for salaried employees in India. Both employee and employer contribute a portion of the salary to this fund.
The employee contributes 12% of their Basic Salary + DA. The employer also matches this 12%, but only 3.67% goes to your EPF, while the remaining 8.33% goes to the Employee Pension Scheme (EPS).
The interest rate is declared annually by the EPFO (Employees Provident Fund Organisation). For recent years, it has hovered around 8.15% to 8.25%.
Yes! EPF enjoys EEE (Exempt-Exempt-Exempt) status. Contributions (up to ₹1.5L under 80C), interest earned (up to ₹2.5L contribution per year), and maturity amount are entirely tax-free.