About the PF Calculator

The Provident Fund (PF), formally known as the Employees' Provident Fund (EPF), is a mandatory retirement savings scheme for salaried employees in India. It's a vital tool for building a retirement corpus. This calculator helps you forecast your total PF balance at the time of your retirement.

How PF Contributions Work

Your PF account grows through monthly contributions from both you and your employer, along with annual interest.

• Employee's Contribution: 12% of your Basic Salary + Dearness Allowance (DA) is contributed to your PF account.
• Employer's Contribution: Your employer matches the 12% contribution. This is divided into:
  • 8.33% towards the Employees' Pension Scheme (EPS) (up to a wage ceiling).
  • The remaining 3.67% goes into your PF account.

This calculator projects the growth of your PF account balance, which forms a significant part of your retirement funds.

Frequently Asked Questions (FAQ)

What is the current PF interest rate?

The interest rate is declared annually by the government. For the financial year 2023-24, the interest rate is 8.25%. You can change this value in the calculator to see how different rates might affect your savings.

Can I withdraw my PF amount before I retire?

Yes, partial withdrawal of PF is permitted for specific reasons such as buying a home, medical emergencies, or for a child's marriage or education, provided you meet certain criteria.

What is a UAN?

The Universal Account Number (UAN) is a unique number for all employees enrolled in the PF scheme. It links multiple Member IDs allotted to a single individual by different employers, making it easier to manage and transfer your PF balance when you change jobs.