EPF: Projected retirement corpus for basic salaries of Rs 15,000, Rs 25,000 and Rs 35,000
The EPFO provides an annual compound interest of 8.25% on contributions. Both employee and employer contribute a maximum of 12% of the basic salary and dearness allowance (DA). Read more.
This article examines the potential retirement corpus one can accumulate with basic salaries of Rs 15,000, Rs 25,000, and Rs 35,000 through the Employees' Provident Fund (EPF) scheme. The Employees' Provident Fund Organization (EPFO) offers an annual compound interest rate of 8.25% on contributions. Both the employee and employer contribute up to 12% of the basic salary and dearness allowance (DA). The article provides detailed calculations, assuming a 25-year contribution period beginning at age 25, with a 5% annual salary increase.
Assumptions
![Assumptions Assumptions](https://cdn.zeebiz.com/sites/default/files/2024/08/02/308765-4-60.jpg)
For a Basic Salary of Rs 15,000
![For a Basic Salary of Rs 15,000 For a Basic Salary of Rs 15,000](https://cdn.zeebiz.com/sites/default/files/2024/08/02/308766-7-44.jpg)
For a Basic Salary of Rs 25,000
![For a Basic Salary of Rs 25,000 For a Basic Salary of Rs 25,000](https://cdn.zeebiz.com/sites/default/files/2024/08/02/308767-6-50.jpg)