EPFO Calculator: How To Get Rs 7071 Pension Every Month After Retirement? Check Details

Salaried employees have an EPF account. You can easily calculate interest earned and post-retirement pension using the EPF calculator. So, how do you use it to calculate your pension?

Saving for retirement is key. Salaried folks have an EPF account, but many don’t know the interest or returns. It’s vital to calculate how much your investment can grow.

A PF calculator makes this easy. Each month, a part of your salary and a contribution from your employer go into your EPF account. Use the calculator to see your total balance.

An employee contributes 12% of their monthly salary to EPF. The employer also contributes 12%. Of this, 8.33% goes to the Employees’ Pension Scheme and 3.67% to the EPF.

This calculator shows the total amount in your EPF account upon retirement. It helps you calculate the entire sum, including your and your employer’s contributions plus interest.

Enter your age, basic salary, contribution percentages, annual salary hike, retirement age, and interest rate to see how much you can save for your retirement.

An employee can contribute up to 12% of their basic salary and dearness allowance to their EPF account. The employer also contributes 12%. Of this, 8.33% goes to EPS and 3.67% to the employee’s EPF account.

An organization with at least 20 employees must open EPF accounts for them. Some firms with fewer than 20 employees also advise them to open EPF accounts.