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EPF or PF Calculator - Calculater the amount of money you will get on retirement by Groww.in. Online PF Calculator will help you estimate how much balance you will have in your employers provident fund account when you retire.
- Compound Interest Calculator
Using Groww’s calculator is easy when you remember these...
- Compound Interest Calculator
- Contribution to The EPF by Employees
- Contribution to The EPF by Employers
- Rate of Current Interest Rate
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 your Provident Fund (PF) easily with our comprehensive PF Calculator tool. Access detailed guides, expert tips, and up-to-date information on PF contributions, withdrawals, and more. Optimise your retirement planning with our user-friendly PF Calculator.
Precise Estimate: Considering variables including monthly pay, age, contribution %, and annual salary increase, the EPF calculator offers an accurate estimate of the amount that will accumulate in the EPF account by retirement.
Our EPF calculator will help you to estimate your Employee Provident Fund (EPF) corpus at the time of retirement. You just need to enter the current balance of your EPF account or Pension fund account and your Employer’s contribution towards your EPF account.
The EPF calculator takes 4 inputs, Monthly salary, age, contribution to EPF and Annual increase in salary. It calculates the EPF corpus at the retirement age by calculating the annual increase in corpus every year and adding it to next year till retirement.
People also ask
How does the PF calculator work?
How does EPF calculator work?
What is the Employee Provident Fund (EPF) calculator?
How do I calculate my EPF corpus at the time of retirement?
In our calculator, you need to feed in details like age, monthly salary which is basic salary, current PF balance, employee contribution to PF, employer contribution to PF, expected increase in...
