Provident Fund (PF) Calculator

EPF (Employee Provident Fund) is a savings scheme where both employee and employer contribute. EPS (Employee Pension Scheme) is a pension scheme where only the employer contributes 8.33% of the basic salary (capped at ₹15,000).

PF interest is calculated on the monthly running balance. The interest rate is declared by the EPFO annually. Interest is credited at the end of the financial year.

You can withdraw your PF in the following cases: retirement, resignation after 2 months of unemployment, medical emergency, home loan repayment, or marriage/education of children.

Employee's contribution to PF is eligible for deduction under Section 80C. Employer's contribution is tax-free up to 12% of basic salary. Interest earned is tax-free. Withdrawal after 5 years of continuous service is tax-free.

PF is mandatory for employees earning up to ₹15,000 per month in organizations with 20+ employees. For those earning above ₹15,000, PF membership is optional. However, once enrolled, both employee and employer must contribute their shares.

You can either transfer your PF account to your new employer using the Universal Account Number (UAN) or withdraw it if you remain unemployed for more than 2 months. Transfer is recommended to maintain service continuity and tax benefits.

UAN is a 12-digit number assigned to employees to link all their PF accounts throughout their career. It remains constant even when changing jobs and helps in easy transfer and withdrawal of PF.

Yes, employees can contribute more than 12% through Voluntary Provident Fund (VPF). However, employers are not obligated to match contributions beyond the statutory 12%. VPF enjoys the same tax benefits and interest rates as regular PF.

While both are government-backed savings schemes, PF is employment-linked where both employer and employee contribute, while PPF (Public Provident Fund) is a voluntary investment scheme open to any Indian citizen. PPF has a fixed 15-year tenure and different interest rates than PF.

You can check your PF balance through multiple channels: EPFO member portal (using UAN), UMANG app, missed call service (011-22901406 from UAN registered mobile number), or SMS service (SMS EPFOHO UAN to 7738299899).