EPF and EPS pension calculator
What will my EPF be worth at retirement, and what pension does EPS pay?
₹41.19 L from you, ₹34.19 L from your employer, ₹1.07 Cr of interest at 8.25%
What goes in each year
How this is calculated
Rules checked against their sources on 29 September 2026. Tax year FY2026-27.
Where the 24% goes
Every month you contribute 12% of basic and dearness allowance to your Employees' Provident Fund account, and your employer contributes another 12%. But the employer's share is split: 8.33% of wages up to the wage ceiling goes to the Employees' Pension Scheme (EPS), and only the remainder lands in your EPF. On a ₹30,000 basic that is ₹3,600 from you, ₹2,083 to EPS and ₹1,517 to EPF from your employer.
The wage ceiling rose from ₹15,000 to ₹25,000 a month on 17 September 2026, the first change since 2014. More of the employer's contribution now goes to the pension and less to the fund, and the pension itself is larger; this calculator uses the new ceiling for the years ahead.
How EPFO credits interest
The rate (8.25% for the last two years) is declared once a year. Interest is calculated on the monthly running balance and credited at the end of the financial year, so within a year the money does not compound. Over a long career the difference from monthly compounding is small but real, and this calculator follows EPFO's method.
Your balance at retirement is in future rupees. Thirty years of 6% inflation divides it by almost six; the "today's money" figure is the one to set against what you will need.
The EPS pension
If you are an EPS member, your monthly pension from age 58 is pensionable salary × pensionable service ÷ 70, where pensionable salary is the average basic of your last 60 months capped at the ceiling. At the ₹25,000 ceiling, 30 years of service gives about ₹10,700 a month; 35 years about ₹12,500. There is a floor of ₹1,000 a month and, crucially, no inflation indexation: the rupee amount is fixed for life. Under ten years of service there is no pension, only a withdrawal benefit.
VPF and the ₹2.5 lakh line
You can add voluntary PF above the 12%, at the same rate and the same exemption from tax. Since 2021, when your own contribution in a year exceeds ₹2.5 lakh, the interest on the excess is taxable. At 12% that line is crossed at a basic of about ₹1.74 lakh a month, or sooner with VPF; the calculator flags the years it happens.
How this fits a retirement plan
EPF is the largest retirement asset most salaried Indians have, and it stops growing the day you leave. A plan puts the balance beside your other savings, decides what the lump sum funds, and treats the fixed EPS pension as the small, guaranteed floor it is.
Questions people ask
- Is the calculation on basic or on CTC?
- On basic pay plus dearness allowance, not on the full salary. Enter the basic and DA line from your payslip. If your basic is under ₹15,000 a month, the employer may contribute on that amount only.
- What changed on 17 September 2026?
- The EPF and EPS wage ceiling rose from ₹15,000 to ₹25,000 a month. Employees earning up to ₹25,000 basic must now be enrolled, the employer's 8.33% EPS share is computed on wages up to ₹25,000, and the maximum EPS pension rises accordingly. Months before that date still count at the old ceiling when EPFO averages your last 60 months.
- Is the interest taxable?
- Not on contributions up to ₹2.5 lakh a year of your own money (₹5 lakh where the employer does not contribute). Interest on the excess is taxable each year and TDS applies. The employer's share is exempt up to 12% of salary, and the total employer contribution to EPF, NPS and superannuation above ₹7.5 lakh a year is taxable.
- Is withdrawal taxed?
- Withdrawal after five years of continuous service is tax-free. Earlier withdrawals are taxable and attract TDS above ₹50,000, unless the cause is ill-health or the employer closing. Transferring the account when you change jobs keeps the service continuous.
- Why is my EPS pension so small?
- Because pensionable salary is capped at the wage ceiling, whatever you actually earn, and the amount is never indexed to inflation. The higher-pension option under the 2022 Supreme Court ruling was open only to members who were in service before 1 September 2014 and applied in 2023.
Want the whole picture?
A free Eazyretire plan puts this number next to your income, savings and spending and tells you whether your money lasts to the age you plan for, and what to change if it will not.