EPF Calculator: Now 1.68 crore fund will be available on retirement!

EPF Calculator Retirement:

Till the retirement in the EPF account, a big corpus gradually becomes.

[{"selector":"#anim-739e79f2-f6ef-4d90-b025-4ab40b88c387 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-13.080672502182775%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8b86bc16-6c97-4c3e-b401-eefbc490700a","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-12ffa6a5-32c7-4d9a-8093-eb9b944fb465","keyframes":{"transform":["translate3d(0px, 151.58733%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The employees Provident Fund (EPF) is a great scheme for retirement benefits to salaried employees.

[{"selector":"#anim-b60f46ae-02ce-4012-ae0a-d68e97f07226 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(37.916666552892394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a2d414fd-89b2-4a93-930d-999ed61285d6","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-668bc9e9-320b-4a34-b4cf-39d07809443c","keyframes":{"transform":["translate3d(0px, 163.67153%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In the EPF account, there is a contribution from both the employee and the company ie the company.

[{"selector":"#anim-dcfeed5b-907f-407b-bbd1-ba79f866f869 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 14.450355038968892%) scale(0.7092198581560284)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cce43f68-98f0-4933-a901-12e301e16804","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b51a4b5a-8a14-4dc1-8be7-5b7dbbe43ae7","keyframes":{"transform":["translate3d(0px, 164.54109%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] This contribution in the EPF account of the employees is 12-12 percent of the basic salary (+DA).

[{"selector":"#anim-b2229b10-8ed3-40e6-8415-30616f23d86c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(46.924164113644345%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2372fdaa-dc57-4df6-8db1-3aca6bd7450e","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-661547f4-dc44-4439-84ee-1c1b85ca6396","keyframes":{"transform":["translate3d(0px, 151.58733%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] If your salary is Rs 25,000 and your age is 30 years, then on retirement you can have a potential fund of 1.68 crores.

EPF Calculator:

[{"selector":"#anim-e3e04cea-b3a9-469e-8b30-3b8923ccd7c7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(2.056119986533403%, 7.26495674632812%) scale(0.8547008547008547)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] If... Basic Salary+DA= ₹25,000 Present age: 30 years Retirement age: 58 years

[{"selector":"#anim-d48a15f4-2cd5-4d15-bd13-0c3209f44a56 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.5923764842812322%, 12.886597771771195%) scale(0.7422680412371134)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-13559aba-0ee9-4ad8-b734-2cddb2a5fe75","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0bdf80b-7948-43a1-866f-f075ae90ff58","keyframes":{"transform":["translate3d(0px, 129.28242%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Employee Monthly Contribution = 12% Employer Monthly Contribution = 3.67% Interest rate on EPF = 8.1% Annual salary growth = 10%

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[{"selector":"#anim-f33f7177-ea73-48a3-9262-e9c773125c6b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-48.54166655289239%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1ff56fde-fbd3-4458-9387-ecfab249fbef","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cff51659-83f4-499b-8169-d05e28719c3f","keyframes":{"transform":["translate3d(0px, 143.24687%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The amount of 12 percent of the employer is deposited in two parts. (8.33% amount in employee pension and 3.76% in EPF account)

[{"selector":"#anim-78331f44-9e2c-4b45-99e5-c18d2273649b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-48.957200973058576%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d9db6662-d4db-4e29-a5a1-3af464cbd971","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8185f1c8-d56c-4cef-821c-025c08c2f92a","keyframes":{"transform":["translate3d(0px, 151.58733%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Interest is calculated on the basis of the monthly running balance in the PF account and is deposited at the end of the year.

[{"selector":"#anim-2bcd665b-0f7a-4dc7-9aaa-8fc91e47f452 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(33.958333219559066%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2645e86b-4dea-4bdd-9100-4f62e5b5f3e8","keyframes":{"opacity":[0,1]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3dda13fa-a28e-449e-b842-da48dfa8d437","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The EPF interest rate has been fixed at 8.1 percent per annum for the financial year 2022-23 by the Government of India. Best SIP plan to make 2 Cr.