EPF/PF Calculator
Calculate employee and employer provident fund contributions instantly
Understanding EPF Contributions in India
The Employees' Provident Fund (EPF) is a mandatory retirement savings scheme managed by EPFO. Both employee and employer contribute 12% of basic wages plus dearness allowance. The employer's share is further split across EPF, EPS, and EDLI components.
EPF Components
Employee contributes 12% to EPF. Employer's 12% is split: 3.67% to EPF and 8.33% to EPS (capped at Rs 15,000 PF wages). If wages exceed the ceiling, the excess EPS portion also goes to EPF.
EPS Pension
The Employee Pension Scheme (EPS) provides pension benefits after retirement. Employer contributes 8.33% of PF wages, capped at Rs 15,000 per month. Minimum 10 years of service required for pension eligibility.
EDLI Insurance
Employees' Deposit Linked Insurance provides life insurance cover up to Rs 7 lakh. Employer pays 0.5% of PF wages (capped at Rs 15,000). No employee contribution is required for EDLI.
PF Compliance
EPF returns must be filed monthly via ECR (Electronic Challan-cum-Return). Due date is 15th of following month. Late payment attracts interest at 12% p.a. and damages ranging from 5% to 25%.
Frequently Asked Questions
The employee contributes 12% of basic salary plus dearness allowance to EPF. The employer also contributes 12%, but it is split: 3.67% goes to EPF and 8.33% goes to EPS (Employee Pension Scheme), subject to the wage ceiling of Rs 15,000.
The current EPF wage ceiling is Rs 15,000 per month. EPS contribution of 8.33% is calculated on the minimum of actual PF wages or Rs 15,000. If PF wages exceed Rs 15,000, the excess employer contribution goes to EPF.
EDLI (Employees' Deposit Linked Insurance) provides life insurance to EPF members. The employer contributes 0.5% of PF wages (capped at Rs 15,000) towards EDLI. There is no employee contribution for EDLI.
Employers pay EPF admin charges at 0.5% of PF wages, with a minimum of Rs 75 per month. These charges are paid to EPFO for administrative expenses and are entirely borne by the employer.
EPF is mandatory for establishments with 20 or more employees. Employees earning basic wages up to Rs 15,000 per month must be enrolled. However, those earning above Rs 15,000 can voluntarily opt in with employer consent.
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