EPF, ETF & Gratuity Calculator
Enter your gross salary and years of service to project your EPF balance, ETF balance and gratuity, and your total retirement benefit.
How EPF, ETF and gratuity work
Under Sri Lanka's Employees' Provident Fund Act, No. 15 of 1958, both you and your employer contribute to EPF every month. The minimum contribution is 8% from the employee and 12% from the employer, both on gross salary. The Employees' Trust Fund (ETF) adds a further 3% from the employer. All contributions earn a dividend declared annually by the EPF board. This calculator projects the future value of those contributions using a compound interest (annuity) formula. Gratuity is estimated under the Payment of Gratuity Act, No. 12 of 1983 at roughly half a month's salary per year of completed service, the standard approximation for the statutory minimum for qualifying employees.
Good to know
The EPF dividend rate is declared each year by the Monetary Board and varies. This projection uses a fixed rate throughout, so actual returns will differ. Gratuity eligibility and the exact calculation may also vary by employer and service contract. Treat all figures as estimates for long-term planning only.
Sources
Worked example
Take a gross monthly salary of Rs. 150,000 and 15 completed years of service, using the standard 8% / 12% / 3% contribution rates and a 9% projected annual dividend:
Rs. 150,000 gross monthly salary, 15 years of service
| Component | Monthly contribution | Projected value after 15 years |
|---|---|---|
| EPF (employee 8% + employer 12%) | Rs. 30,000 | Rs. 11,352,173 |
| ETF (employer 3%) | Rs. 4,500 | Rs. 1,702,826 |
| Gratuity (salary × years ÷ 2) | one-time, on exit | Rs. 1,125,000 |
| Total retirement benefit | — | Rs. 14,179,999 |
Because 15 years is well past the 5-year threshold, gratuity is payable in full. Most of the projected total comes from EPF, since it collects the largest monthly contribution and compounds over the longest period.
Frequently asked questions
When can I actually withdraw my EPF balance?
You can withdraw your EPF balance when you retire, or when you cease to be employed under the Act, including on resignation, subject to conditions set by the EPF Department. Unlike gratuity, EPF does not require a minimum number of years of service to become payable, since the balance is built from your own and your employer's contributions. Certain other circumstances, such as permanent emigration, also qualify.
How does gratuity eligibility actually work?
You become eligible for gratuity once you complete at least 5 years of continuous service with the same employer, under the Payment of Gratuity Act. The statutory formula is half a month's last-drawn basic salary for each completed year of service, calculated on basic salary only, not allowances, and part years aren't counted. In the worked example above, 15 completed years on a Rs. 150,000 salary works out to Rs. 1,125,000.
Is the EPF dividend rate guaranteed every year?
No. The dividend applied to EPF balances is declared annually by the Monetary Board and depends on the fund's performance that year, so it varies. This calculator uses a fixed rate for the whole projection period for simplicity; your actual balance will differ as declared rates change year to year.
What happens to my EPF, ETF and gratuity if I resign before 5 years?
Your EPF and ETF balances are entirely your own; they're paid out in full regardless of how long you worked or why you left. Gratuity is the only one of the three with a service-length condition. It only becomes payable once you complete 5 years with that employer, so resigning earlier forfeits gratuity but not your EPF or ETF savings.
Want the full breakdown? Read EPF, ETF and gratuity: the complete employee's guide →