| Year | Opening Balance | Employee Contribution | Employer Contribution | Interest Earned | Closing Balance |
|---|
The PF Calculator is a simple tool that helps employees calculate how much money they are saving in their Provident Fund (PF) account. If you are working in a company, a small part of your salary goes into the PF every month, along with your employer’s share. Over time, this becomes a big amount and helps you after retirement.
What is Provident Fund (PF)?
Provident Fund is a retirement savings scheme for employees in India. Every month, both the employee and the employer contribute a fixed percentage of the basic salary to the PF account. It earns interest yearly and grows with time. You can withdraw it after retirement or under certain conditions.
How Does the PF Calculator Work?
Using the PF Calculator is easy. You need to enter:
- Your basic monthly salary
- Your contribution rate (usually 12%)
- Employer’s contribution rate
- Current balance in your PF account (optional)
- Expected interest rate (around 8.15% per year)
- Number of working years left
The calculator will show you:
- Your total contribution per year
- Employer’s contribution per year
- Total interest earned
- Total PF amount at the end of your work life
Example
Let’s say your basic salary is ₹25,000 per month. You and your employer both contribute 12%. That means:
Your contribution = ₹3,000/month
Employer’s contribution = ₹3,000/month
Total = ₹6,000/month or ₹72,000/year
With interest, this amount keeps growing every year.
Why Use a PF Calculator?
- To plan for retirement savings
- To track yearly growth in your PF
- To understand how much you will get after working for 20–30 years
- To decide if you need to invest more elsewhere
Benefits
- Easy to use and understand
- Saves time compared to manual calculations
- Gives a full view of your PF growth
- Helps in future financial planning
Conclusion
The PF Calculator is a smart and helpful tool for every salaried employee. It shows how your savings are growing month by month and gives a clear picture of your retirement fund. Start using it today and plan your financial future with confidence.