Question 1

What is the current EPF interest rate?

Accepted Answer

The EPF interest rate for FY 2024-25 is 8.25% per annum, as declared by EPFO. This rate is reviewed annually.

Question 2

How is PF calculated on salary?

Accepted Answer

Employee contributes 12% of basic salary to PF. Employer also contributes 12%, but 8.33% goes to EPS (pension) and only 3.67% to EPF.

Question 3

Is PF mandatory for all employees?

Accepted Answer

PF is mandatory for employees earning basic up to ₹15,000/month in establishments with 20+ employees. Above this, it depends on company policy.

Question 4

Can I withdraw PF before retirement?

Accepted Answer

Partial PF withdrawal is allowed for specific reasons like home purchase, medical emergency, or education after 7 years of service. Full withdrawal is possible after 58 or 2 months of unemployment.

Question 5

Is EPF interest taxable?

Accepted Answer

EPF interest on employee contributions up to ₹2.5 lakh/year is tax-free. Interest on contributions above ₹2.5L is taxable at slab rate.

Question 6

What is the maximum PF contribution?

Accepted Answer

The statutory PF contribution is on basic salary up to ₹15,000/month. Some companies contribute on actual basic if it's higher (voluntary PF).

Question 7

How to check PF balance online?

Accepted Answer

You can check PF balance on epfindia.gov.in, the UMANG app, by sending SMS to 7738299899, or by giving a missed call to 011-22901406 from your registered mobile.

Question 8

What happens to PF when I switch jobs?

Accepted Answer

You can transfer your PF to the new employer using your UAN (Universal Account Number) online through the EPFO portal. The balance and interest continue seamlessly.

EPF / PF Calculator India 2025

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