As per the Employee’s Provident Funds and Miscellaneous Provisions Act, the provident fund is compulsory by the government for every organization that has more than 20 working employees. EPF is contributed equally (mostly 12% of the basic salary) by the employer and employee for the future financial security of the employee after the retirement or in the case of employee’s unforeseen death. The contribution towards EPF account is tax-free (up to 1 lakh). Some organizations even offer the provision of loan against employee's EPF account.


Know your Employee Provident Fund total returns by using Bajaj Capital's Employee Provident Fund Calculator. It is a simple and convenient tool to estimate the money you will have in your employee provident fund account at the time of your retirement. Simply fill some information, such as your age, current EPF balance, retirement age, monthly contribution, growth rate, and the rate of interest.