How much goes into my PF account every month?

You contribute 12% of your PF wage, which is basic salary plus dearness allowance. Your employer also pays 12%, but up to 8.33% of wages capped at ₹15,000 goes to the Employees’ Pension Scheme, so at most ₹1,250 a month goes to pension and the rest of the employer share goes to your EPF account.

Which interest rate does this calculator use?

The rate you enter. The box is pre-filled with a recent rate EPFO declared, labelled with its source and the date it was last checked, but the rate is declared each year and can change. Try a lower and a higher rate to see a range rather than relying on one number.

Is the pension (EPS) part included in my PF balance?

No. Money that goes to the Employees’ Pension Scheme does not earn EPF interest and is not part of the balance you can withdraw as a lump sum. It builds your pension entitlement instead. The calculator shows the EPS contributions separately so you can see how much went there.

Why is my employer’s PF share smaller than mine?

Because part of the employer’s 12% goes to the pension scheme. On a PF wage of ₹15,000 a month, your share is ₹1,800, while the employer sends ₹1,250 to EPS and only ₹550 to your EPF account. If your PF wage is higher than the ceiling, the employer’s EPF share grows while EPS stays capped.

PF Calculator – EPF Balance Year by Year

Free PF Calculator

Project your Employees’ Provident Fund balance year by year from your basic salary, the employer’s EPF and pension split, salary growth and an interest rate you choose. Of the employer’s 12% PF contribution, 8.33% of wages up to ₹15,000 a month goes to the pension scheme, so at most ₹1,250 a month goes to EPS.

How your PF balance grows

You pay 12% of your PF wage (basic + DA) every month.
Your employer pays 12%. Of that, 8.33% of wages up to ₹15,000 goes to the pension scheme (at most ₹1,250 a month) and the rest goes to your EPF account.
Interest is worked out on the monthly running balance and credited once a year, so each month’s contribution earns interest only for the months left in that year.
This calculator raises your salary once a year by the increase you enter and keeps the interest rate the same every year.

Source for the contribution rules: Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 and the EPF and EPS schemes.

Reading the result sensibly

Run it twice, with a lower and a higher interest rate, to see a range instead of a single number.
Employer contributions for EDLI insurance and admin charges are paid on top and never reach your balance, so they are not shown.
Withdrawals, job gaps or voluntary PF change the result; check your actual balance in the EPFO passbook.

See what reaches your bank account each month with the CTC to in-hand calculator, estimate your gratuity, compare two offers with the offer comparison calculator or work out a raise with the salary hike calculator.

Worked example

PF on the ₹15,000 wage ceiling

What goes in

Basic + DA: ₹15,000 a month (PF on the capped wage) Employee contribution: 12% Interest rate entered: the current declared rate

What you get

The employee puts in 12% of ₹15,000, which is ₹1,800 a month. The employer also pays 12%, but it is split: 8.33% of the capped wage, ₹1,250, goes to the pension scheme (EPS), and the remaining ₹550 goes into the EPF account. So ₹2,350 a month builds the EPF balance, with interest worked out on the monthly running balance and credited once a year. The year-by-year table shows how the balance grows with salary increases, using the interest rate you enter.

Common mistakes

Expecting the full employer 12% in the EPF balance, when part of it goes to the pension scheme and is not shown in the passbook balance.

Projecting with an old or guessed interest rate; check the rate declared for the year and enter it, because the rate changes.

Mixing up capped and full-basic contributions; whether PF is on ₹15,000 or on the whole basic depends on your employer and changes in-hand pay.

When to use it: Use it to estimate your EPF corpus or to understand the PF lines on a salary slip; check your actual passbook on the EPFO portal for real balances.