Most private sector employees are entitled to receive post-retirement benefits if they function in the organised sector. Note that government employees are additionally eligible for pensions unlike their private sector counterparts. Employee Provident Fund was set up after the EPF Act was passed in the Parliament. Under the law, the Employees Provident Fund Organisation of India (or EFPO) controls the funds deposited by both the employee and employer in a permanent account, affixed by an UAN or Unique Account Number. An EPF calculator can help you estimate your savings appropriately.
The PF calculator uses proprietary technology to fetch the correct sum every time you input data. Provident Fund acts as a guarantee for future prosperity or loss of employment, and is of great use for future financial decision-making.
Once you start using our PF calculator in India, you can easily track where your hard-earned money is being stored, and how much interest it has accumulated.
Here are some interesting advantages of using an EPF calculator online.
When you use Groww’s EPF calculator in India, you are assured of quality and reliability. This is the data you should keep in handy before you use the calculator.
|Your basic monthly salary including Dearness Allowance (DA)
|Your contribution to the EPF
|Your employer’s contribution
|Your retirement age (Including VRS, if you have such plans.)
|Your current EPF balance
|Current EPF interest rate
It is very easy to access and use our EPF calculator. Just input the values and the result will be generated within seconds.
Step 1: Enter your basic salary and your age
Step 2: As soon as you input the values, the employer’s contribution ( EPS+EPF), total interest earned and total maturity amount will be reflected in the results.
Groww offers you a number of choices with many different calculators, a list of which you can see below. All of our calculators are free to use. They are regularly updated to avoid any glitches.
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