Welcome to the FAQ section of PFCalculator.co.in. Here, we address the most common questions users have about Provident Fund (PF), Employee Provident Fund (EPF), and Voluntary Provident Fund (VPF) calculations. If you don’t find your question here, feel free to contact us!
PF (Provident Fund): A general term for retirement savings schemes, often managed by employers or organizations.
EPF (Employee Provident Fund): A mandatory savings scheme for salaried employees in India, managed by the Employees' Provident Fund Organisation (EPFO).
VPF (Voluntary Provident Fund): An extension of EPF, allowing employees to contribute more than the statutory limit (12% of basic salary + DA).
Our calculator uses the compound interest formula to estimate the maturity amount for PF, EPF, and VPF. You simply input your monthly contribution, annual interest rate, and tenure, and the calculator provides the total contributions, interest earned, and maturity amount.
As of FY 2023–24, the interest rate for both EPF and VPF is 8.15%. This rate is set annually by the government and may change in subsequent years.
Yes, our calculator can be used for Public Provident Fund (PPF) calculations as well. Simply adjust the inputs (e.g., monthly contribution, interest rate, and tenure) to match the rules of PPF. The default interest rate for PPF is currently 7.1%.
Yes, you can include the employer’s contribution by entering the total monthly contribution (employee + employer). For example, if both the employee and employer contribute ₹15,000 each, enter ₹30,000 as the monthly contribution.
The calculator provides approximate results based on the inputs you provide. Actual maturity amounts may vary due to factors like changes in interest rates, partial withdrawals, or delays in contributions. Always consult your bank or financial advisor for precise figures.
Yes, partial withdrawals are allowed under specific conditions, such as medical emergencies, home purchase, education, or marriage. Full withdrawal is permitted only after retirement or resignation. Check the EPFO guidelines for detailed rules.
No, the interest earned on PF and EPF is tax-free under Section 10(11) and Section 10(12) of the Income Tax Act, provided certain conditions are met. Contributions up to ₹1.5 lakhs per year also qualify for tax deductions under Section 80C.
The PF interest rate is reviewed and updated annually by the government. It is announced at the beginning of each financial year (April 1st).
If you stop contributing to your PF account, the existing balance will continue to earn interest until it is withdrawn or transferred. However, no new contributions will be added, and the account may become inactive if not managed properly.
If you didn’t find the answer to your question in this FAQ section, feel free to reach out to us via the Contact Us page. Our team is here to assist you with any queries related to PF, EPF, or VPF calculations.