To calculate the interest earned for the month, use the current annual rate divided by 12 (8.25% / 12 = ). Apply this to the cumulative balance in a separate column. Benefits of Using an Excel-Based Calculator

8.33% goes to the pension fund, capped at a maximum salary of ₹15,000 (meaning a maximum monthly EPS contribution of ₹1,250).

Employer EPS (8.33% Capped) -> Formula: =MIN(D2*0.0833, 1250) G1: Employer EPF (3.67%) -> Formula: =D2*0.0367 H1: Total Monthly Contribution -> Formula: =E2+G2 Step 2: Calculate Monthly Interest

By adding an "Expected Annual Increase (%)" column, you can estimate your total corpus at the age of retirement.

The Employee Provident Fund (EPF) is calculated based on an employee's . Employee Contribution: 12% of Basic + DA.