Calculate your Employee Provident Fund contributions, returns, insurance benefits, and pension
Total EPF Balance
₹ 0
Employee Contribution
₹ 0
Employer Contribution
₹ 0
Total Interest Earned
₹ 0
The Employee Provident Fund (EPF) is a retirement benefits scheme in India that's available to salaried employees. Both the employee and employer contribute a portion of the salary to the EPF account every month.
Typically 12% of (Basic Salary + Dearness Allowance). This amount is deducted from your salary.
Also 12% of (Basic Salary + DA), but 8.33% goes to EPS and 3.67% to EPF (subject to limits).
The current EPF interest rate is 8.15% per annum. Interest is calculated monthly but credited annually.
EPF can be fully withdrawn upon retirement, or partially withdrawn for specific purposes like home purchase or medical emergencies.
EDLI Insurance Benefit
₹ 0
Employer's EDLI Contribution
₹ 0
Maximum Claim Amount
₹ 7,00,000
The Employees' Deposit Linked Insurance (EDLI) scheme provides life insurance coverage to employees covered under the EPF scheme. In case of the employee's death while in service, the nominee receives the insurance benefit.
All employees contributing to EPF are automatically covered under EDLI, with no medical examination required.
The employer pays the entire premium of 0.5% of the employee's salary (capped at ₹15,000) to the EDLI fund.
The benefit is 30 times the average monthly salary drawn during the 12 months preceding death, plus 50% of the average balance in the EPF account, subject to a maximum of ₹7 lakh.
Employees must nominate a family member to receive the EDLI benefit in case of their untimely death.
Monthly Pension Amount
₹ 0
Commutation Amount
₹ 0
Reduced Pension
₹ 0
Minimum Pension
₹ 1,000
The Employees' Pension Scheme (EPS) is a social security scheme provided by the EPFO. It provides pension after retirement, disability pension, and family pension in case of death of the member.
Employees who are members of EPF and have completed 10 years of service are eligible for pension.
8.33% of employer's contribution (from the 12%) goes to EPS, subject to a salary cap of ₹15,000.
Pension = (Pensionable Salary × Pensionable Service) / 70. Minimum pension is ₹1,000 per month.
Members can commute up to 40% of their pension at retirement and receive a lump sum amount.
| Feature | EPF | EDLI | EPS |
|---|---|---|---|
| Purpose | Retirement savings | Life insurance coverage | Monthly pension after retirement |
| Contributor | Both employee and employer | Only employer | Only employer (8.33% of salary) |
| Contribution Rate | 12% of basic salary by both | 0.5% of basic salary by employer | 8.33% of employer's contribution |
| Salary Cap | ₹15,000 per month | ₹15,000 per month | ₹15,000 per month |
| Withdrawal | At retirement or under specific conditions | Only on death of the employee | Monthly pension after 58 years |
| Maximum Benefit | No upper limit (based on contributions and interest) | ₹7,00,000 | Maximum pension ₹7,500 per month |
| Tax Benefits | Contributions and interest are tax-exempt | Premium paid by employer is tax-deductible | Pension is taxable as income |
EPF, EDLI and EPS are complementary schemes that provide comprehensive financial security to employees. While EPF helps build retirement savings through regular contributions, EPS provides monthly pension after retirement, and EDLI provides life insurance coverage without any additional cost to the employee.
Employees enjoy retirement savings, life insurance coverage, and monthly pension through these mandatory schemes.
Employers are responsible for deducting and depositing EPF contributions, paying EDLI premiums, and contributing to EPS.
All three schemes are administered by the Employees' Provident Fund Organisation (EPFO), a statutory body under the Government of India.
Together, these schemes form a comprehensive social security net for organized sector employees in India.