Provident Fund Calculator: A Provident Fund Calculator helps employees and investors estimate the maturity value of their:
 Employee Provident Fund (EPF) – Mandatory for salaried individuals
 Public Provident Fund (PPF) – Voluntary long-term savings

This tool calculates monthly contributions, interest earned, and total corpus at retirement or maturity.

1. Employee Provident Fund (EPF) Calculation

EPF Formula (Monthly Compounding):

A=P×(1+r)n−1r×(1+r)A=P×r(1+r)n−1​×(1+r)

• A = Maturity Amount

• P = Monthly Contribution (Employee + Employer)

• r = Monthly Interest Rate (Annual Rate ÷ 12)

• n = Total Months (Years × 12)

Current EPF Interest Rate (2024): 8.25%

Example Calculation:

• Basic Salary + DA: ₹50,000/month

• Employee Contribution (12%): ₹6,000

• Employer Contribution (3.67% to EPF): ₹1,835

• Tenure: 30 years (360 months)

Step 1: Total Monthly Contribution

$$₹6,000(Employee)+₹1,835(Employer)=\ast \ast ₹7,835\ast \ast$$

Step 2: Apply EPF Formula

A=7,835×(1+0.006875)360−10.006875×(1+0.006875)≈∗∗₹2.37Crore∗∗A=7,835×0.006875(1+0.006875)360−1​×(1+0.006875)≈∗∗₹2.37Crore∗∗

Total Invested: ₹28.2L | Interest Earned: ₹2.09 Crore

2. Public Provident Fund (PPF) Calculation

PPF Formula (Annual Compounding):

A=P×(1+r)n−1rA=P×r(1+r)n−1​

• P = Annual Investment (Max ₹1.5L)

• r = 7.1% (2024 rate)

Example (₹1.5L/year for 15 years):

A=1,50,000×(1+0.071)15−10.071≈∗∗₹43.5L∗∗A=1,50,000×0.071(1+0.071)15−1​≈∗∗₹43.5L∗∗

EPF vs PPF: Key Differences

Benefits of Using a PF Calculator

 Accurate Retirement Planning – Project your corpus
 Tax Optimization – Compare EPF/PPF tax benefits
 Goal-Based Savings – Plan for home, education, etc.
 Free & Easy – No manual calculations needed

FAQs on Provident Fund Calculator

1. Can I increase my EPF contribution beyond 12%?

• Yes, via Voluntary Provident Fund (VPF) (up to 100% of basic salary).

2. Is EPF interest taxable?

• No, if withdrawn after 5 years of continuous service.

3. What happens if I withdraw PPF before 15 years?

• Allowed after 5 years (with interest penalty in some cases).

4. How is PF calculated for basic salary ₹25,000?

• Employee: ₹3,000 (12%) | Employer: ₹917 (3.67% EPF) + ₹1,250 (EPS).

5. Which gives higher returns – EPF or PPF?

• EPF (8.25%) > PPF (7.1%) in 2024.

Try Our Free PF Calculator

Plan your retirement smarter with our Provident Fund Calculator:
 EPF + PPF combined projections
 Tax-saving insights
 Withdrawal rule explanations

Calculate Now & Secure Your Future!

Key Takeaways

• EPF offers 8.25% returns (higher than PPF)

• PPF is best for self-employed/non-salaried

• Use calculator to optimize 80C tax benefits