EPF Calculator: EPF is deducted from the age of 25, then you will become a millionaire till retirement, know full calculation from salary slip

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EPF Calculation: Big News! Basic Salary ₹ 15000, Retirement Age 58, and you can get ₹ 2.32 Crore, know how here
EPF Calculation: Big News! Basic Salary ₹ 15000, Retirement Age 58, and you can get ₹ 2.32 Crore, know how here

Every month some money is deducted from PF while doing a job, which you get in the form of pension at the time of retirement. If your PF is deposited from the age of 25, then till retirement the corpus of more than Rs 1 crore will be deposited. Let us explain its math.


New Delhi. EPF Calculator: If you work somewhere, then you will have an Employee Provident Fund Organization (EPFO) account. In which your PF will be deposited every month. The money that is deducted in the name of PF will be available to you at the time of retirement. But you can easily find out how much this money will be till retirement. With the help of this, you can get an idea of ​​how your life will be after retirement. Let us tell you the way.

Contribution can be increased in EPF

If you feel that your money will not be enough for retirement needs, then you can also increase your contribution in EPF fund if you want. However, for this you will have to talk to the HR of your company. You can also double your contribution if you want. This will be done through VPF- Voluntary Provident Fund. This will give you the advantage that your fund will also double.

Check how much fund will be received?

You must have got a salary slip every month. You can see in your salary slip how much is your Basic Salary and DA. 12% of the basic salary + DA of every employee goes to the EPF account. Apart from this, the company also contributes 12 percent of the basic salary + DA. The money collected by combining both the funds, gets interest (EPF interest rate). Interest is reviewed every year, but its advantage is that due to compounding interest, there is a double benefit in interest as well.


EPF will be Rs 1.30 crore on 10 thousand basic salary

PF member age – 25 years
Retirement age – 58 years
Basic salary – Rs 10,000
Interest rate – 8.50%
Annual increase in salary – 10% of
Total corpus – Rs 1.30 crore

What will be your EPF on 15,000 basic salary?

PF member age – 25 years
Retirement age – 58 years
Basic salary – Rs 15000
Interest rate – 8.50%
Annual increase in salary – 10%
Total fund – Rs 1.94 crore

(Note- This calculation has been done at the current interest rate of 8.50% on EPF. The government reviews the interest rate on EPF every year.)

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