EPF Interest Calculator: How large retirement corpus you can build if you invest Rs 5,000, Rs 10,000, and Rs 15,000 monthly in EPF; know calculations
EPF Retirement Corpus: Employees' Provident Fund (EPF) is a retirement scheme for private sector employees, where they invest monthly and get a fixed interest rate on their investments. If they avail the full limit of EPF, not only can it become a good debt investment option, but it can also help them generate a tax-free retirement corpus.
EPF Retirement Planning: Having a secure retirement where one has a corpus that can help them meet daily expenses and achieve other financial goals can be a target for many. There are many government- and private sector-run retirement schemes where individuals can contribute monthly or lump sum to generate a retirement corpus. Employees' Provident Scheme (EPF) is one such scheme run by the finance ministry, where private sector employees can contribute monthly and get a fixed interest to generate a retirement corpus. In this write-up, know more about the EPF scheme and how much retirement corpus one can generate by contributing Rs 5,000, Rs 10,000, and Rs 15,000 a month.
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How one can contribute to EPF
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Minimum and maximum EPF contribution
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Maximum age for contribution and withdrawal
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Tax benefits of EPF contribution
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On EPF deposits, taxpayers following the old tax regime can get up to Rs 1.50 lakh tax benefits in a financial year. The other standout feature of the scheme is that it is among a few investment schemes where the invested amount up to Rs 1.50 lakh in a financial year, the interest earned, and the maturity amount are tax-free.
EPF investment conditions
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Retirement corpus after Rs 5,000 monthly investment for 35 years
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Retirement corpus after Rs 10,000 monthly investment in 35 years
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Retirement corpus after Rs 10,000 monthly investment in 35 years
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Retirement corpus after Rs 15,000 monthly investment
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