PF Calculator

Monthly Salary (Basic + DA)


Your contribution to EPF


Average annual Increment


Current Rate of Interest


Maturity Amount


Time Duration


Total Contribution


What is a PF Calculator?

The EPF (Employees’ Provident Fund) calculator or PF calculator is used to calculate the projected accumulated amount in your EPF account when you retire. The calculation takes the contributions made by you and your employer during your earning years, as well as the interest.

Navi’s PF calculator supports easy computation of PF amount. All you have to do is enter your current age, basic monthly salary and dearness allowance, EPF contribution, and retirement age. The online calculator will display the accumulated amount in a few seconds.

How to Calculate PF?

To calculate PF manually, you need to take a sum of 12% of your basic salary and dearness allowance. However, to avoid errors and save time, you can use an online calculator. Navi’s PF calculator helps you calculate the PF amount in seconds. This online calculator is extremely simple and easy to use.

Here’s how you can calculate your PF amount:

Enter basic information

Enter your current age, monthly salary and dearness allowance.

Mention EPF contribution by you and your employer

While the employee is free to make additional contributions beyond the 12%, the employer’s contribution is capped at 12%

Current interest applied on PF accounts

The interest rate on PF is decided and reviewed by the Government of India

You will be able to view the accumulated PF amount

What is the Formula to Calculate PF?

Your provident fund is calculated based on the following details:
Employee’s contribution towards EPF = 12% of (Basic pay + Dearness allowance)
Employer’s contribution towards EPF = 12% of (Basic pay + Dearness allowance)

The 12% Employer contribution will be divided into 2 parts, i.e., 8.33% will be allocated towards the Employee’s pension scheme and the rest 3.67% goes towards the Provident fund.

Each month, the calculation is performed on the opening balance. As the opening balance for the first month is zero, the interest earned is also zero. The interest for the second month is calculated on the first month’s closing balance, which is also the second month’s opening balance. This calculation is repeated for subsequent months.

For instance,
Employees’ basic pay plus dearness allowance= ₹15,000
Employee EPF contribution = 12% x ₹15,000 = ₹1,800
Employer EPF contribution = 3.67% x ₹15,000 = ₹550.50
Employer contribution to EPS = 8.33 % x ₹15,000 = ₹1,249.50

The total contribution by the employer and employee to the employee’s EPF account is ₹1,800 + ₹550.5 = ₹2,350.5
For the fiscal year 2022-23, the interest rate is 8.1%. So, the monthly interest rate is:
8.1 %/ 12= 0.675%

If an individual joined company X in April 2022. The total EPF contribution for April will be ₹2,350.5. The interest will not be applicable for April. The total EPF contribution for the month of May = ₹4,701 (₹2,350.5+ ₹2,350.5). They receive an interest of ₹4,701 x 0.675% = ₹3,173.17 for each subsequent month. The calculation is repeated till the retirement date.

Advantages of Using Navi PF Calculator

Here are some of the advantages of Navi PF Calculator:

User-friendly design

Our PF calculator is easy-to-use and intuitive

Saves time

Calculate and check your PF returns in seconds

Helps you plan better

Calculate your PF beforehand to plan a retirement corpus

Frequently asked questions

Employees earning up to ₹15000 are required to contribute to the Provident Fund, while those earning more than ₹15001 have the option of becoming members of the Provident Fund.
Provident fund contributions made by both the employer and the employee are not taxable income under the Income Tax Act.

The EPF is advantageous for a variety of reasons:

  • The PF provides you with tax-free income.
  • You can also get a pension if you are subscribed to the EPS and meet the terms and conditions.
  • If you do not complete the 10 years required to receive a pension, the amounts will be returned to you along with your PF.
In the event of his death, each member must make a nomination to receive the amount standing to his credit in the fund. If he has a family, he must nominate one or more members of his family and no one else.
The member is eligible for pension benefits after retirement, that is, after the age of 58. However, in order to receive pension benefits, they must have made an active pension contribution in EPF for at least 10 years before retirement.
The accounting year for the Provident Fund account is March to February.
Disclaimer : Navi does not guarantee accuracy, completeness or correct sequence of any of the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness/accuracy. The use of any information set out is entirely at the User’s own risk.


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