EPF / PF Contribution Calculator

All employees of establishments with 20 or more workers where the salary (basic + DA) is ₹15,000 or less per month must be covered. Employees earning above ₹15,000 can be exempted from mandatory coverage but most employers extend EPF to all employees. Once covered, membership continues regardless of salary increases.

EPF (Employees' Provident Fund) is a retirement savings account where both employee and employer contribute. EPS (Employees' Pension Scheme) is a pension sub-scheme funded only by the employer — 8.33% of wages up to ₹15,000 (max ₹1,250/month) goes to EPS. The employee's full 12% goes to EPF. On retirement, EPS provides a monthly pension while EPF can be withdrawn as a lump sum.

The EPS pension contribution is calculated on a maximum wage of ₹15,000/month, regardless of actual salary. This means the employer's EPS contribution is always capped at ₹1,250/month (8.33% × ₹15,000). Employees with higher salaries have a larger share of the employer's 12% going into their EPF account rather than EPS.

VPF allows employees to voluntarily contribute more than the mandatory 12% to their EPF account — up to 100% of basic+DA. The additional contribution earns the same interest rate as EPF (currently 8.15% p.a.) and is eligible for tax deductions under Section 80C within the ₹1.5 lakh annual limit. Employer is not required to match VPF contributions.

Employers pay 0.5% of wages as EDLI (Employees' Deposit Linked Insurance) premium and 0.5% as administrative charges to EPFO. These are over and above the 12% EPF contribution. Total employer cost is approximately 13% of wages. Some exempted establishments pay lower admin charges.

Full withdrawal is permitted on retirement (age 58), or after 2 months of unemployment. Partial withdrawal is allowed for specific purposes: housing (after 5 years), marriage/education (after 7 years), medical emergencies (any time), and home loan repayment. Withdrawals before 5 years of service attract TDS. The EPF portal (UAN portal) allows online withdrawal claims.