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Employees Provident Fund (EPF) is a retirement scheme in which most of the employees get their PFs deposited by their employer. Deposits up to the Rs 1.50 lakh get tax exemption under Section 80C of the Income Tax Act 1961. But it also gives good returns if you deposit more money into it. Check calculation as well as how to check the interest rate in your EPF account. According to Employees Provident Fund (EPFO) interest will be credited to all provident fund accounts by July-August this year. Check how much return you will get on deposits of Rs 1 lakh Rs 3 lakh and Rs 5 lakh in your EPF account. The interest rate is decided by the Central Board of Trustees (CBT) of EPFO and for this year it will be 8.25 per cent. The EPF interest for the financial year 2022-23 was 8.15 per cent. It means that for the current year EPF account holders will get more interest in their accounts. EPFO: How PF Is Deducted From Your Salary? As per the EPFO Act 12 percent of the basic pay and DA of any employee is deposited in the PF account. Similarly the employer also deposits a 12 percent contribution into the employees PF account. Out of the companys contribution 3.67 percent is credited to the EPF account  and 8.33 per cent is deposited in the Pension Scheme (EPS). EPFO: Interest On Rs 1 lakh Rs 3 lakh And Rs 5 Lakh Deposits If you have Rs 1 lakh deposited in your EPF account and get 8.25 per cent interest on it your interest will be Rs 8250 in a year. If you deposit Rs 3 lakh you will get interest of Rs 24500. For a Rs 5 lakh deposit the interest will be Rs 41250. Interest on Rs 5 lakh you will get an interest of Rs 41250 this year. EPFO:  Calculation Of EPF Interest Assume you have a total of Rs 10 lakh balance in your EPF account in the last financial year you would have gotten Rs 81500 in interest if a rate of interest is 8.15 per cent. If the EPF interest rate increased to 8.25 percent interest of Rs 82500 will be credited on these Rs 10 lakh. So the interest rate calculation depends upon the rate of interest approved by EPFO and also the balance you have in your account. EPFO: How To Check EPF Balance & Interest Online? Login on to the Umang App or EPFO portal. On EPFO portal (www.epfindia.gov.in). - Click on the E-PassBook option. - it will take you to another screen wherein you need to enter your UAN password and captcha code. - After successfully logging in select the Member ID option for Passbook. - Passbook will be available in PDF format which you can download. - You can access the passbook directly at https://passbook.epfindia.gov.in/.