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Provident Fund (PF) Calculator

Calculate your Employee PF, Employer EPF, and EPS contributions instantly - with or without the ₹15,000 EPS wage ceiling. Accurate, free, and private.

✓ Employee & Employer PF ✓ EPF + EPS Split ✓ EPS ₹15K Ceiling Toggle ✓ Monthly & Annual View
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Provident Fund (PF) Calculator
Calculate employee & employer PF, EPF, and EPS contributions instantly.
₹
Enter Basic + DA only - not full CTC or gross salary
Recommended - statutory EPS wage ceiling under EPF Act

— How It Works —

Calculate PF in 3 Steps

Enter your Basic + DA, choose your EPS ceiling preference, and get the full EPF + EPS breakdown instantly.

1
Enter Basic + DA
Type your monthly Basic Salary + Dearness Allowance. Not gross salary - only Basic + DA is used for PF calculation.
2
Choose EPS Cap
Toggle the ₹15,000 EPS wage ceiling. Keep it checked for statutory compliance - uncheck to see uncapped EPS figures.
3
Get Full Breakdown
View Employee PF, Employer EPF, EPS, Total Employer, and combined Total PF - monthly and annual, instantly.

How Is PF Calculated in India?

Provident Fund contributions are calculated on the monthly Basic Salary + Dearness Allowance (not on gross salary or CTC). Both employee and employer contribute 12% each. However, the employer's 12% is split into two components - EPF and EPS.

12%
Employee PF
Goes entirely into your EPF account. Deducted from your monthly take-home.
3.67%
Employer EPF
Employer's share credited to your EPF account (12% − 8.33% EPS).
8.33%
Employer EPS
Employees' Pension Scheme. Capped at ₹15,000 wage base (max ₹1,250/month).
24%
Total Combined
Employee 12% + Employer 12% = 24% of Basic+DA going toward your retirement.

The EPS wage ceiling of ₹15,000 means that even if your Basic+DA is ₹50,000, the EPS contribution is calculated only on ₹15,000 - capping employer EPS at ₹1,250/month. The remaining employer contribution goes to EPF.

PF Contribution Reference Table

Sample contributions at common Basic+DA levels (EPS ceiling applied at ₹15,000):

Basic + DA Employee PF (12%) Employer EPS Employer EPF Total / Month
₹15,000 ₹1,800 ₹1,250 ₹550 ₹3,600
₹20,000 ₹2,400 ₹1,250 ₹1,150 ₹4,800
₹30,000 ₹3,600 ₹1,250 ₹2,350 ₹7,200
₹50,000 ₹6,000 ₹1,250 ₹4,750 ₹12,000
₹1,00,000 ₹12,000 ₹1,250 ₹10,750 ₹24,000

Employer EPS is capped at ₹1,250/month (8.33% × ₹15,000) regardless of Basic+DA. EPF = Employer 12% − EPS.

EPF vs EPS - What's the Difference?

EPF (Employees' Provident Fund) is a retirement savings account - both employee and employer contributions accumulate here with interest (currently 8.25% p.a. for FY 2023-24). You can withdraw EPF after leaving employment or at retirement.

EPS (Employees' Pension Scheme) is a pension fund managed by EPFO. Only employer contributes to EPS (no employee contribution). After 10 years of service, you become eligible for a monthly pension on retirement. EPS funds cannot be withdrawn as a lump sum if you have 10+ years of service - you receive a pension instead.

If your service is under 10 years, you can withdraw the EPS corpus as a lump sum at the time of leaving employment by submitting Form 10C.

— Explore More —

Related Tools & PF Insights

🔗 Related Salary Tools
💰 In-Hand Salary CalculatorFull take-home after PF, PT, and income tax → 💼 CTC to In-Hand CalculatorSee exactly how PF reduces your CTC → 📊 Salary Breakup CalculatorBasic, HRA, PF, Gratuity - full structure → 🎁 Gratuity CalculatorCalculate gratuity payout after 5+ years service → 📋 Income Tax CalculatorOld vs New Regime tax comparison → 💰 View All Salary Calculators20+ salary, tax, and retirement tools →
💡 Quick PF Facts
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12% + 12% = 24% of Basic+DA Total
Employee contributes 12% and employer contributes 12% - combined 24% goes toward your EPF + EPS retirement corpus each month.
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EPS Cap Is Stuck at ₹15,000 Since 2014
The EPS wage ceiling was last revised in September 2014. It remains ₹15,000, meaning the maximum EPS contribution is capped at ₹1,250/month.
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EPF Interest Rate: 8.25% (FY 2023-24)
EPFO declared 8.25% interest on EPF balances for FY 2023-24 - one of the highest guaranteed returns on a fixed-income instrument in India.
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Only Basic+DA - Not Gross Salary
PF is calculated on Basic + DA only, not HRA, conveyance, or special allowances. Employers often keep Basic low to reduce PF liability.
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Full EPF Withdrawal After 2 Months Unemployment
You can withdraw 75% of your EPF after 1 month of unemployment, and 100% after 2 continuous months of unemployment or at age 58.
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EPF Can Fund Home Purchase
After 5 years of EPF membership, you can withdraw up to 90% of your EPF balance for purchasing or constructing a house (Form 31).
FAQ

Frequently Asked Questions

Employee PF = 12% of Monthly Basic + DA. Employer contributes another 12%, split into EPS (8.33% of Basic+DA, capped at ₹15,000 wage base = max ₹1,250/month) and EPF (the remainder: 12% − 8.33%). For example, at ₹30,000 Basic+DA: Employee PF = ₹3,600, EPS = ₹1,250, Employer EPF = ₹2,350. Total monthly PF = ₹7,200.
The Employees' Pension Scheme (EPS) wage ceiling is a statutory cap on the salary used to calculate EPS contributions. Even if your Basic+DA is ₹1,00,000, the EPS is calculated only on ₹15,000 - capping employer EPS at ₹1,250/month (8.33% × ₹15,000). This ceiling was set in September 2014 and has not been revised since. The remaining employer contribution (12% − EPS) goes into your EPF account.
PF is calculated on Basic Salary + Dearness Allowance (DA) only - not on gross salary. Components like HRA, conveyance allowance, special allowance, medical allowance, and LTA are excluded from the PF calculation base. This is why many employers structure CTC with a lower Basic component - it directly reduces the PF deduction for both employer and employee.
EPF is mandatory for organisations with 20+ employees where an employee's monthly Basic+DA is up to ₹15,000. Employees earning more than ₹15,000 Basic+DA are exempt from mandatory EPF registration (though they can voluntarily opt in). Certain establishments and industries also have exemptions. Employees in International Workers category have different rules. Contract workers employed through contractors are also covered if the principal employer has 20+ employees.
Full EPF withdrawal is allowed after retirement (age 58), or after 2 consecutive months of unemployment (not self-employment). Partial withdrawals are allowed for specific purposes: up to 90% for home purchase/construction (after 5 years membership), up to 50% for medical treatment, up to 50% for marriage/education (after 7 years), and for COVID-19 relief. EPS funds can be withdrawn as a lump sum only if total service is under 10 years; otherwise a monthly pension is payable.
EPFO declared an interest rate of 8.25% for FY 2023-24 on EPF balances. This is one of the highest guaranteed returns on any fixed-income instrument in India, tax-free on maturity (if contribution period is 5+ years). Interest is credited annually to your EPF account and compounds over time. The rate is announced by the EPFO Central Board of Trustees each year and approved by the Finance Ministry.
Yes. Employee PF contribution (12% of Basic+DA) is eligible for deduction under Section 80C of the Income Tax Act, up to the overall 80C limit of ₹1,50,000 per year - but only under the Old Tax Regime. Under the New Tax Regime (default from FY 2024-25), 80C deductions including PF are not available. Employer PF contribution is not taxable as income in your hands, up to 12% of Basic+DA.
No. All calculations run entirely in your browser using JavaScript. No data is transmitted to any server, stored in any database, or shared with any third party. Your salary figures exist only in your browser tab and are gone when you close it.

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