EPFO Passbook Calculator — FY 2025-26
Calculate your EPF passbook interest month-by-month at 8.25%, check if interest on contributions above ₹2.5 lakh is taxable, and verify your passbook balance against expected figures. Understand why your passbook shows only 3.67% employer EPF (not the full 12%) and where the 8.33% EPS goes. Updated for FY 2025-26.
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How to Use This Calculator
Interest Calculator tab
Enter your opening balance (from your EPFO passbook as of 1 April), monthly employee contribution (12% of basic + DA), and monthly employer EPF contribution (3.67% of basic). The calculator shows month-by-month interest accrual on the running balance and the closing balance after annual interest credit. Use "More options" to adjust the EPF interest rate.
Taxable Interest Check tab
Enter your total annual employee contribution (EPF + VPF combined). If it exceeds ₹2,50,000, the calculator shows how much interest is taxable at your slab rate and the estimated tax amount. EPFO maintains two separate accounts since FY 2021-22 for this purpose.
Passbook Verification tab
Enter your EPFO passbook closing balance (from member.epfindia.gov.in) and your calculated expected balance (from Tab 1 or your own calculation). The calculator shows the discrepancy and lists possible causes like interest not yet credited, employer short-deposit, or wrong UAN linking.
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The Formula
EPFO calculates interest on the monthly running balance and credits it at the end of the financial year. Here is how it works:
Each month: Running Balance = Previous Balance + Employee Contribution + Employer EPF
Monthly interest = Running Balance × (Annual Rate / 12 / 100)
Annual Interest Credit:
Total FY interest = Sum of all 12 monthly interest amounts
Closing Balance = Opening Balance + Total Contributions + Total Interest
Employer Contribution Split (why passbook shows less):
Employer pays 12% of basic + DA, split as:
• 3.67% → EPF account (appears in passbook, earns interest)
• 8.33% → EPS pension fund (does NOT appear in passbook)
• EPS is capped at ₹15,000 basic — excess goes to EPF
Taxable Interest (Budget 2021):
If employee contribution (EPF + VPF) > ₹2,50,000/year:
• Interest on exempt portion (up to ₹2.5L) = Tax-free
• Interest on excess = Taxable at income slab rate
• EPFO maintains two separate accounts for this
Interest is typically credited to your passbook between June and August of the following financial year. Until then, your passbook may show a lower balance than the calculated closing balance.
Example
Priya — Verifying her FY 2025-26 EPFO passbook
Priya has an opening PF balance of ₹8,00,000, contributes ₹3,600/month (employee 12% of ₹30,000 basic), and her employer deposits ₹3,600/month total (of which ₹1,350 goes to EPF and ₹1,250 to EPS). She wants to calculate her expected closing balance.
Step 1: Monthly contributions to EPF passbook
Step 2: FY 2025-26 calculation
Step 3: Taxable interest check
Priya's EPF passbook should show approximately ₹9,44,000 after interest credit. Her annual employee contribution of ₹43,200 is well below the ₹2.5 lakh threshold, so all interest is tax-free. The employer's full 12% is ₹3,600/month but only ₹2,350 appears in her passbook because ₹1,250 goes to EPS.