🏦 Provident Fund

Provident Fund Calculator Pakistan

A Provident Fund is a mandatory retirement savings scheme where both employee and employer contribute a percentage of salary each month, and the accumulated balance earns a fixed annual return set by the government. This free Provident Fund calculator for Pakistan covers both GPF (General Provident Fund for government employees, 8.33% employee only) and EPF (Employee Provident Fund for private sector, with employer matching). Enter your salary, years to retirement, contribution rates, and interest rate to see your full retirement corpus with a year-by-year accumulation table.

Fund Details

Adjust values to see retirement balance

Fund Type
GPF (Govt)
EPF (Private)
Rs
%
GPF standard: 8.33% of basic salary
%
Yr
%
GPF rate ~14% p.a. (declared annually by Govt.)
%
Total Fund at Retirement
—
After — years of service
Employee Total
—
Your contributions
Employer Total
—
Company contributions
Interest Earned
—
Compounded annually
💡 Monthly Income Equivalent
—
Per month for 20 years (at 12% drawdown)
—
Last drawn salary
Composition at Retirement
Fund Growth by Year
Year-by-Year Breakdown
Year Salary Emp Contrib Empr Contrib Interest Balance

Understanding Provident Funds in Pakistan

A Provident Fund (PF) is a mandatory retirement savings scheme in Pakistan where both the employee and employer contribute a percentage of the employee's basic salary each month.

GPF (Government)
  • For civil servants & govt employees
  • Rate: ~14% p.a. (varies annually)
  • Contributions: 8.33% of basic salary
  • Managed by Accountant General
EPF (Private Sector)
  • For private sector employees
  • Rate: market-linked or fixed
  • Both employer & employee contribute
  • Regulated under Companies Act

How to Use

  1. Select fund type: GPF (government employees, employee-only contributions) or EPF (private sector, with employer matching).
  2. Enter your current basic monthly salary in PKR.
  3. Set your current age and target retirement age.
  4. Adjust the employee contribution %, employer contribution %, and expected annual interest rate.
  5. Read your total corpus at retirement and the full year-by-year accumulation table.

Frequently Asked Questions

What is a Provident Fund (PF) in Pakistan?
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A Provident Fund is a financial retirement benefit scheme typically offered by private companies and corporate organizations in Pakistan. Both the employer and the employee contribute a fixed percentage of the employee's basic salary (usually 10%) every month into the fund, which accumulates interest over time.
How is Provident Fund interest calculated?
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Provident Fund interest is calculated on the monthly closing balance of the fund. The annual profit rate is determined by the fund's trustees or the company's policy based on the performance of the fund's investments. This calculator uses your monthly salary, contribution rate, and expected return rate to project your total wealth at retirement.
What is the difference between Provident Fund and GP Fund?
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A Provident Fund is primarily used in the private sector and involves contributions from both the employer and employee. A General Provident (GP) Fund is specifically for public sector government employees, where the government sets a uniform annual interest rate. Both accumulate tax-exempt retirement savings but operate under different rules and governing bodies.
When can I withdraw my provident fund in Pakistan?
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For GPF, full withdrawal is allowed upon retirement (60 years for civil servants), resignation, or dismissal. Partial advances are available for specific purposes — house construction, children's education, medical treatment, and marriage. For EPF, withdrawal rules are governed by the individual company's provident fund rules.
Is provident fund taxable in Pakistan?
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Under Pakistan's tax laws, provident fund contributions and accumulated balances are generally exempt from income tax. Employer contributions up to 10% of basic salary are exempt. However, if you withdraw before completing the prescribed service period, some portion may become taxable. Consult FBR or a tax advisor for your specific situation.
What is the current GPF interest rate in Pakistan?
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The Government Provident Fund (GPF) rate is declared by the government each year. Historically it has been around 12–16% p.a., linked to the National Savings rate. The rate for 2023-24 was approximately 14.5%. Check the Finance Division's official notifications for the current year's rate.