EPFO Calculator
Calculate Employee Provident Fund contributions in Indian Rupees
EPFO Salary Calculator
Enter Basic Salary + Dearness Allowance in Indian Rupees
Time Projection Settings
Current EPFO rate: 8.15% (2023-24)
Enter your basic salary to see detailed EPFO calculations
Important Information
EPFO Eligibility
- Applicable to organizations with 20+ employees
- Mandatory for employees earning up to 15,000 INR
- Voluntary for higher earners
Contribution Limits
- Maximum pensionable salary: 15,000 INR
- Pension contribution capped at 1,250 INR/month
- No upper limit for EPF contribution
Advance EPFO higher Pension Calculator for Pension Growth
Why EPFO Matters for Every Employee in India
When it comes to financial security after retirement, the Employees’ Provident Fund Organisation (EPFO) plays a crucial role in the lives of millions of salaried individuals in India. For every working professional drawing a salary from an employer covered under EPF rules, a fixed portion of the salary is deducted and invested into the EPFO account. Along with the employee’s contribution, the employer also contributes a share that goes partly into the provident fund and partly into the pension fund.
most employees often wonder:
How much is being deducted from my salary?
What is my employer contributing?
How much pension will I get after 10, 20, or 30 years?
How does compound interest increase my savings?
To answer these questions, we built a smart EPFO Higher Pension Calculator. This tool helps you see detailed breakdowns of:
Employee Share
Employer Share
Pension Fund Contribution
Monthly/Yearly Growth with Compound Interest
Long-term projections (10, 20, 30 years)
This comprehensive guide will explain everything about EPFO, how the calculator works, and how you can use it for accurate retirement planning.
What is EPFO?
The Employees’ Provident Fund Organisation (EPFO) is a statutory body under the Ministry of Labour and Employment, Government of India. It manages the Employees’ Provident Fund (EPF), Employees’ Pension Scheme (EPS), and Employees’ Deposit Linked Insurance Scheme (EDLI).
Every eligible employee working in a registered company automatically becomes a member of EPFO. The primary goal of EPFO is to ensure that salaried individuals have a long-term savings fund for retirement, along with a pension facility.
Key Features of EPFO
Mandatory for organizations with 20+ employees
Covers over 6 crore members across India
Provides interest on contributions (compounded annually)
Offers pension benefits under EPS
Provides life insurance under EDLI
Employee Contribution in EPFO
An employee contributes 12% of their basic salary + dearness allowance to EPFO every month.
👉 Example:
If your basic salary + DA = ₹25,000
Employee’s Contribution (12%) = ₹3,000
This entire amount goes into your EPF account, where it earns annual compound interest (currently around 8.15%).
Employer Contribution in EPFO
The employer also contributes 12% of the employee’s basic salary + DA, but the division is different:
8.33% goes into the Employees’ Pension Scheme (EPS) (subject to ₹15,000 wage ceiling, max ₹1,250 per month).
The remaining part goes into the EPF account.
👉 Example (₹25,000 salary):
Employer Contribution = ₹3,000
Out of this:
₹1,250 goes to Pension Fund (EPS)
₹1,750 goes to EPF
Thus, your EPFO account receives:
Employee Share = ₹3,000
Employer Share (EPF) = ₹1,750
Pension Fund = ₹1,250
EPFO Interest Rate & Compound Growth
The EPF contribution is not just about saving money—it grows with interest. Every year, the EPFO declares an interest rate (e.g., 8.15% for FY 2023-24). This interest is compounded annually, which means your savings grow significantly over 10, 20, or 30 years.
👉 Example Growth (₹25,000 salary):
Monthly Contribution (Employee + Employer) ≈ ₹4,750
In 10 years, with interest: ₹9–10 lakhs approx.
In 20 years, with interest: ₹30–35 lakhs approx.
In 30 years, with interest: ₹80 lakhs+ approx.
This is where the EPFO Higher Pension Calculator helps—by showing real-time projections.
EPFO Higher Pension Calculator – Features
Our EPFO Higher Pension Calculator is designed to make your financial planning easier. With this tool, you can:
Enter your basic salary and see real-time deductions.
View Employee Share, Employer Share, and Pension Contribution in percentage and value.
Get monthly and yearly growth projections.
See 10, 20, and 30-year projections with compound interest.
Get a year-by-year table showing contribution and growth.
Plan your pension corpus under the Higher Pension Scheme.
Scheme Explained in Detail
What is the EPFO Higher Pension Scheme?
The EPFO Higher Pension Scheme is an option given to employees to contribute to the Employees’ Pension Scheme (EPS) on their full basic salary, instead of being capped at the statutory wage ceiling of ₹15,000.
Earlier, EPS contributions were restricted to a maximum of ₹1,250 per month (8.33% of ₹15,000). But after the Supreme Court ruling (Nov 2022), eligible employees can opt for a higher pension by contributing based on their actual basic salary.
Key Points of the Higher Pension Scheme:
Employees can redirect a larger portion of employer’s contribution to EPS.
Pension at retirement is calculated on higher wages, meaning a larger pension amount.
This is especially beneficial for those earning above ₹15,000 basic salary.
👉 Example:
If your basic salary = ₹50,000/month
Earlier EPS contribution (max limit) = ₹1,250
Now EPS contribution (8.33% of 50,000) = ₹4,165
This directly increases your pension entitlement after retirement.
Eligibility for EPFO Higher Pension
Not every employee can opt for this scheme. Conditions apply:
You should have been an EPF member before 1st Sept 2014.
You should have exercised the joint option for higher EPS contribution.
Your employer should agree to contribute on actual salary.
Employees who meet these conditions can apply through the EPFO Higher Pension portal.
Pension Calculation Formula under EPS
The formula for monthly pension under EPS is:
Pension = (Pensionable Salary × Pensionable Service) / 70
Where:
Pensionable Salary = Average of last 60 months’ salary (basic + DA)
Pensionable Service = Total years of contribution to EPS (max 35 years)
👉 Example 1: (Old method – capped at ₹15,000)
Salary considered = ₹15,000
Service = 30 years
Pension = (15,000 × 30) / 70 = ₹6,429/month
👉 Example 2: (Higher Pension – salary = ₹50,000)
Salary considered = ₹50,000
Service = 30 years
Pension = (50,000 × 30) / 70 = ₹21,429/month
Clearly, the EPFO Higher Pension Calculator helps employees visualize this huge difference in pension benefits.
Long-Term EPFO Projections – 10, 20, and 30 Years
When using the EPFO Higher Pension Calculator, you can project how your corpus grows over different time horizons.
Example: Basic Salary = ₹40,000, Annual Increment = 5%
| Year | Employee Share | Employer Share (EPF) | Pension Fund (EPS) | Total Corpus with Interest |
|---|---|---|---|---|
| 1 | ₹57,600 | ₹37,200 | ₹39,936 | ₹1,45,000+ |
| 10 | ₹7,20,000+ | ₹4,80,000+ | ₹5,20,000+ | ₹15,00,000+ |
| 20 | ₹18,00,000+ | ₹12,00,000+ | ₹13,00,000+ | ₹40,00,000+ |
| 30 | ₹35,00,000+ | ₹22,00,000+ | ₹25,00,000+ | ₹90,00,000+ |
(Assuming 8.15% annual EPF interest compounded yearly)
This table shows how powerful compounding is when combined with long-term contributions.
Step-by-Step Guide to Using EPFO Higher Pension Calculator
Enter Your Basic Salary + Dearness Allowance
Example: ₹40,000
Select Contribution Period (Years)
Options: 10 years, 20 years, 30 years
View Employee & Employer Contribution
Employee = 12% of salary
Employer = 12% of salary (split between EPF & EPS)
See Pension Contribution (EPS)
8.33% of salary (if opted for Higher Pension Scheme)
Check Yearly Growth with Interest
Compound growth applied at declared EPF rate
see your projection
Get a table showing your contribution growth year by year.
EPFO vs Other Retirement Savings Options
While EPFO is one of the most reliable retirement schemes, many employees often compare it with other savings options like PPF (Public Provident Fund), NPS (National Pension System), and Mutual Funds. Let’s see how they differ.
EPFO vs PPF (Public Provident Fund)
| Feature | EPFO | PPF |
|---|---|---|
| Eligibility | Salaried employees under registered companies | Any Indian citizen (self-employed or salaried) |
| Contribution | 12% of basic salary (employee + employer) | Voluntary, min ₹500 – max ₹1.5 lakh/year |
| Interest Rate | 8.15% (variable yearly) | ~7.1% (set by Govt quarterly) |
| Lock-in Period | Till retirement or resignation | 15 years |
| Pension Facility | Yes (EPS) | No, only lump sum |
| Tax Benefits | 80C + tax-free maturity | 80C + tax-free maturity |
👉 Conclusion:
EPFO is mandatory & employer-supported, great for long-term retirement security.
PPF is voluntary and good for self-employed people.
EPFO vs NPS (National Pension System)
| Feature | EPFO | NPS |
|---|---|---|
| Contribution | 12% of basic salary (mandatory) | Flexible – Employee & Employer can contribute |
| Market Link | Fully guaranteed interest rate (safe) | Market-linked returns (equity + debt mix) |
| Pension | Fixed formula-based EPS | Pension based on annuity purchase from corpus |
| Risk | Very low | Moderate to high (depends on market) |
| Liquidity | Can withdraw after 5 years (with conditions) | Withdrawal only at 60 years (partial allowed) |
👉 Conclusion:
EPFO is low-risk, guaranteed returns.
NPS gives potentially higher pension, but with market risks.
EPFO vs Mutual Funds
| Feature | EPFO | Mutual Funds |
|---|---|---|
| Contribution | Salary-linked, fixed | Voluntary, no limit |
| Returns | ~8% fixed | 10–15% (market dependent) |
| Risk | Low | High (especially equity funds) |
| Withdrawal | Restricted until retirement | Flexible |
| Pension | Yes (EPS) | No direct pension, only lump sum |
👉 Conclusion:
Mutual Funds = higher risk, higher reward.
EPFO = safe & guaranteed growth.
Advantages of EPFO & Higher Pension Calculator
✅ Advantages of EPFO:
Safe & Government backed
Tax-free interest and maturity
Compulsory savings habit
Provides pension + insurance (EDLI)
Employer also contributes
✅ Advantages of EPFO Higher Pension Scheme:
Higher retirement pension based on actual salary
Secure income for life after 58 years
Great for high-salary employees (₹50,000+)
✅ Advantages of Using Our EPFO Higher Pension Calculator:
Get clear breakdown of employee & employer share
See pension contribution separately
Get time-based projection (10, 20, 30 years)
Yearly growth with compound interest
Make informed decisions about opting for Higher Pension
Limitations of EPFO
While EPFO is excellent, it also has a few limitations:
Limited liquidity (can’t withdraw fully until retirement except in specific cases)
Pension formula not inflation-adjusted
EPS pension is modest compared to private retirement plans
Higher Pension Scheme requires extra paperwork and joint option with employer
This is why employees often use the EPFO Higher Pension Calculator to decide if opting for higher pension is beneficial or not.
Real-Life Example Scenarios
Let’s take different salaries and see how contributions & pension differ:
Example 1: Salary = ₹25,000/month
Employee Share (12%) = ₹3,000
Employer Share (12%) = ₹3,000
Pension Fund = ₹1,250
EPF Balance = ₹1,750
Total Contribution = ₹6,000/month
In 20 years (with 8.15% interest) ≈ ₹30 lakhs
Example 2: Salary = ₹50,000/month (Opting for Higher Pension)
Employee Share = ₹6,000
Employer Share = ₹6,000
Pension Fund = ₹4,165
EPF Balance = ₹1,835
Total Contribution = ₹12,000/month
In 30 years (with 8.15% interest) ≈ ₹90 lakhs+
Pension after retirement ≈ ₹21,429/month
Example 3: Salary = ₹1,00,000/month (Higher Pension)
Employee Share = ₹12,000
Employer Share = ₹12,000
Pension Fund = ₹8,330
EPF Balance = ₹3,670
Total Contribution = ₹24,000/month
In 30 years (with 8.15% interest) ≈ ₹1.8 crores+
Pension after retirement ≈ ₹42,857/month
These examples prove why high-income employees should use the EPFO Higher Pension Calculator to make the right choice.
Conclusion – Secure Your Future with the EPFO Higher Pension Calculator
Retirement planning is not something you should postpone—it is the foundation of financial security for you and your family. For millions of salaried employees in India, the Employees’ Provident Fund Organisation (EPFO) is the most reliable and government-backed way of building long-term wealth and ensuring a stable pension after retirement.
👉 The takeaway is simple:
If you are a salaried employee in India, your EPFO account is your biggest retirement asset. The way you manage it today will decide your quality of life after retirement.
Frequently Asked Questions (FAQs) on EPFO & EPFO Higher Pension Calculator
1. What is EPFO and why is it important?
EPFO (Employees’ Provident Fund Organisation) is a government body that manages provident fund, pension, and insurance for salaried employees. It ensures that workers have retirement savings and pension benefits.
❓2. What is the EPFO Higher Pension Calculator?
The EPFO Higher Pension Calculator is a tool that allows employees to calculate their employee contribution, employer share, pension fund, and long-term growth with compound interest. It also shows how much pension you can get under the higher pension scheme.
❓3. How much pension will I get on a ₹50,000 salary?
Using the EPFO pension formula:
Pension = (Pensionable Salary × Pensionable Service) / 70
If salary = ₹50,000, service = 30 years → Pension ≈ ₹21,429 per month.
Our EPFO Higher Pension Calculator shows this in detail with projections.
❓4. How much pension will I get on a ₹1,00,000 salary?
If salary = ₹1,00,000 and service = 30 years → Pension ≈ ₹42,857 per month.
You can confirm this using the EPFO Higher Pension Calculator.
❓5. How do I calculate my EPFO contribution every month?
Employee contributes 12% of basic salary + DA
Employer contributes 12%, split between EPF and EPS (pension)
The EPFO Calculator gives a clear monthly breakdown.
❓6. What is the difference between EPF and EPS?
EPF (Employees’ Provident Fund) → Savings with compound interest.
EPS (Employees’ Pension Scheme) → Monthly pension after retirement.
The EPFO Higher Pension Calculator shows both separately.
❓7. How is compound interest applied in EPFO?
EPFO adds interest annually, but it is calculated on the monthly running balance. Over time, this leads to significant growth. Our calculator gives year-wise compound projections.
❓8. Can I check my EPF balance without logging into EPFO?
Yes. You can check via:
SMS (by sending EPFOHO UAN ENG to 7738299899)
Missed call to 9966044425
Using your UAN on the EPFO Member Portal
❓9. How do I know my employer’s contribution split into EPF and pension?
Employer’s 12% contribution is divided as:
8.33% → EPS (pension fund)
Remaining → EPF account
The EPFO Calculator shows this split clearly.
❓10. What happens if I resign before 10 years of service?
You can withdraw your EPF balance (employee + employer share).
EPS (pension fund) can be withdrawn only as a lump sum (not monthly pension).
❓11. Can I withdraw my full EPF before retirement?
No. Full withdrawal is allowed only if:
You remain unemployed for 2 months continuously, OR
You retire at 58 years
Partial withdrawals are allowed for marriage, education, home loan, medical treatment, etc.
❓12. What is the benefit of opting for the Higher Pension Scheme?
You get a much bigger monthly pension at retirement, since EPS is calculated on full basic salary instead of capped salary (₹15,000). Use the EPFO Higher Pension Calculator to see the difference.
❓13. Is EPF better than PPF or NPS?
EPF = Guaranteed, safe, employer-supported
PPF = Voluntary, 15-year lock-in, tax-free
NPS = Market-linked, higher risk but potentially higher return
For pension security, EPFO is best. For extra wealth creation, combine EPFO with NPS/Mutual Funds.
❓14. Can I increase my EPF contribution voluntarily?
Yes. You can opt for VPF (Voluntary Provident Fund) where you can contribute more than 12%. This earns the same EPFO interest rate.
❓15. How does the EPFO Higher Pension Calculator help in retirement planning?
It shows:
Your monthly contribution (employee + employer)
Pension fund share
Year-wise compound growth
Projected pension amount after 10, 20, 30 years
This helps in deciding whether to opt for higher pension.
❓16. Can I opt out of EPFO?
If you are an employee in a company registered under EPF Act, you cannot opt out. However, if you join your first job with salary > ₹15,000, you may not be automatically covered.
❓17. What is the current EPFO interest rate?
For FY 2023-24, EPFO declared an interest rate of 8.15%. This is reviewed annually.
❓18. Is EPFO taxable?
Employee contribution → Eligible for tax deduction under 80C
Interest earned → Tax-free (if not withdrawn before 5 years)
Final withdrawal → Tax-free (after 5 years of continuous service)
❓19. What if my employer does not deposit EPF?
You can check your EPFO passbook. If employer fails to deposit, you can raise a complaint with EPFO grievance portal. Non-compliance by employer can lead to penalties.
❓20. Can I use the EPFO Higher Pension Calculator on mobile?
Yes. The calculator is responsive and mobile-friendly. You can use it on your phone, tablet, or desktop.
More Real User Questions
What is the maximum pension I can get from EPFO?
Depends on your salary; can go above ₹50,000/month if opting for higher pension.
How to calculate my EPFO deduction?
Use the EPFO Calculator (12% of basic salary + DA).
Can EPFO make me a crorepati?
Yes, with a salary of ₹50,000+ and 30 years contribution, your EPF balance can cross ₹1 crore due to compounding.
Is EPFO safe compared to mutual funds?
Yes, EPFO is government-backed and risk-free, unlike market-based funds.
Can I check year-wise EPFO projection?
Yes, our EPFO Higher Pension Calculator gives a yearly table with compound growth.
How much pension will I get on 20,000 salary?
→ Around ₹8,571/month (30 years service).
How much pension will I get on 30,000 salary?
→ Around ₹12,857/month.
How much pension will I get on 40,000 salary?
→ Around ₹17,143/month.
How much pension will I get on 60,000 salary?
→ Around ₹25,714/month.
How much pension will I get on 80,000 salary?
→ Around ₹34,286/month.