How to use the Provident Fund Calculator
- Enter your basic salary and the employee and employer contribution percentages.
- Enter the yearly salary increase and the fund's profit rate.
- Enter the years and any balance you already have.
- Read the fund value, contributions and profit.
How it's calculated
Show the formula
Each month: balance = balance × (1 + profit ÷ 12) + your share + employer's share
Salary rises once a year by the increase you enter.
Salary rises once a year by the increase you enter.
Each month your share and your employer's share are added to the fund, and profit is added on the balance. Salary rises once a year. Real profit rates vary each year and withdrawals may be taxed, so treat this as an estimate.
Worked example
These are the example numbers the calculator opens with. Change any of them above to see your own result.
You enter
| Monthly basic salary | Rs 1,00,000 |
|---|---|
| Your contribution | 10% |
| Employer contribution | 10% |
| Yearly salary increase | 8% |
| Profit rate (per year) | 12% |
| Years | 10 years |
| Current fund balance | Rs 0 |
You get
| Fund after 10 years | Rs 61,83,272 |
|---|---|
| Your contributions | Rs 17,38,387 |
| Employer contributions | Rs 17,38,387 |
| Profit earned | Rs 27,06,497 |
| Monthly deposit now | Rs 20,000 |
Tips
- Many employers match 8.33% or 10% of basic salary; check your payslip.
- Avoid early withdrawals: the fund grows fastest in the later years.
Frequently asked questions
What is a provident fund?
A savings fund where you and your employer each put in a share of your salary every month, and the fund adds profit. You receive it when you leave or retire.
Can I withdraw before leaving?
Many funds allow a loan or partial withdrawal for needs like a house, marriage or medical costs, under their rules.
Is there a Shariah-compliant option?
Many employers offer Islamic provident funds that invest in Shariah-compliant products. Ask your HR.