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Use Groww's EPF calculator to find out how much money you will have in your provident fund account when you retire. Enter your salary, age, contribution, interest rate and other details to get instant results.
- Yes, all of our calculators are free to use.
- There is no fixed upper cap on the number of times you can use the service. You can use it as many times as necessary.
- Even if you shift to a new job, the UAN stays the same. It is fixed and unchangeable. Thus, you can use the same EPF calculator.
- In that case, you will need to modify the value you put in when using the EPF calculator.
- You can only withdraw the money for personal purposes: After you have completed 7 years of service Only thrice during the EPF account’s duration. N...
To calculate how much money you will have in your EPF account at retirement, you can use an online tool called the EPF or PF calculator. The PF calculator will show your final PF amount after you provide these details: monthly PF contribution, Frequency of contribution, PF interest rate, and Duration.
- Contribution to The EPF by Employees
- Contribution to The EPF by Employers
- Rate of Current Interest Rate
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Every month, the employee contributes 12% of their basic pay and Dearness Allowance to the EPF account. For instance, if the basic monthly income is Rs 20,000(assuming there is no dearness allowance), the employee contribution will be 12% of 20000, or Rs 2400.
The employer is expected to contribute 8.33% of the 12% to the Employee Pension Scheme, with the remaining 3.67% going to the EPF. As a result, Rs.734, i.e., the employer, contributes 3.67% of Rs 20,000 towards the EPF. As a result, for a person earning Rs 20,000 per month, the total contribution to the EPF account will be the employee contribution...
The EPF's current interest rate is 8.1% for the 2022-23 fiscal year. The rate of interest for the EPF scheme is set by the EPFO every year. The finance ministry reviews the rate of interest changes based on the current market scenarios. This interest, however, is calculated at the end of each month rather than at the end of the year. After the fina...
Calculate the amount of money you will have in your Employees' Provident Fund (EPF) when you retire. Enter your basic monthly salary, current age, retirement age, and EPF contribution to get the total amount invested, interest, and maturity amount.
Use this calculator to find out how much retirement benefit you can get from Employees Provident Fund (EPF) scheme. Enter your age, salary, PF contribution, interest rate and retirement age to see the total EPF payable to you.
Aug 5, 2024 · Use this tool to calculate how much you can accumulate in the Employees' Provident Fund (EPF) scheme in India. Learn how the EPF works, how to calculate EPF pension percentage and interest, and the benefits and limitations of the scheme.
Use this tool to calculate how much money you will have in your provident fund account when you retire. Enter your age, salary, contribution, interest rate and other details to see the EPF balance and withdrawal amount.
People also ask
How does the PF calculator work?
What is EPF calculator?
How do I calculate my Provident Fund (PF)?
What is the Employee Provident Fund (EPF) calculator?
EPF (Employees' Provident Fund) Calculator is a helpful online tool that allows people to calculate their monthly EPF contributions, interest earned, and possible corpus cumulated over time. It makes planning financial objectives and retirement savings easy.
