What is a PFT Calculator?
A PFT calculator helps employees estimate retirement savings. It computes Provident Fund Trust amounts effortlessly. This tool projects future financial security. Additionally, it aids in retirement planning decisions.
Provident Fund Trust
Provident Fund Trust is a retirement savings scheme. Both employees and employers contribute regularly. Consequently, it builds a substantial retirement corpus. Furthermore, it offers tax benefits under laws.
Long-term Savings
Builds retirement corpus systematically
Tax Benefits
Contributions are tax-deductible
Financial Security
Ensures income after retirement
Our calculator provides accurate projections. Therefore, you can plan finances confidently. Moreover, it's completely free to use.
PFT Calculator
Your Provident Fund Trust Value
Total contributions + accumulated interest
How to Calculate PFT
First, enter your basic monthly salary. Next, input contribution percentages. Then, specify years of service. Finally, add annual interest rate. Click calculate for results.
Our calculator handles complex computations. Therefore, you get accurate projections instantly. Moreover, it considers compounding interest.
PFT Calculation Formula
How the PFT Calculator Works
Our PFT calculator uses advanced financial mathematics. It computes monthly contributions first. Then, it applies compound interest annually. Furthermore, it projects total accumulated amount.
The algorithm considers time value of money. Consequently, results are highly accurate. Additionally, it follows standard financial formulas.
PFT Contribution Table
| Salary Range (₹) | Employee Contribution | Employer Contribution | Total Monthly Contribution |
|---|---|---|---|
| Up to 15,000 | 12% | 12% + 1.61% | 25.61% |
| 15,001 - 30,000 | 12% | 12% | 24% |
| 30,001 - 50,000 | 12% | 10% | 22% |
| 50,001 - 75,000 | 12% | 8% | 20% |
| Above 75,000 | 12% | 8%* | 20%* |
*Subject to statutory limits
PFT Calculator FAQs
A PFT calculator projects retirement savings growth. It helps plan finances effectively. Additionally, it estimates final Provident Fund corpus. Therefore, users make informed decisions.
Results are based on standard financial formulas. They assume constant interest rates. However, actual rates may vary. Consequently, consider them projections.
Yes, Provident Fund contributions offer tax benefits. Our calculator helps estimate savings. Therefore, you can plan taxes efficiently. Consult a tax advisor.
Key factors include salary, contribution rates, service years, and interest rates. Inflation may impact real value. Government policies also matter.
Yes, employers must contribute to Provident Fund. The rate varies by region and salary. Typically, it matches employee contribution partially.