SCSS Calculator
Calculate your quarterly interest income from the Senior Citizen Savings Scheme.
Investment Details
About SCSS
SCSS is a government-backed savings scheme for individuals aged 60+. Interest is paid quarterly and is taxable.
₹ 0
Paid every quarter (March, June, Sept, Dec) on your investment of ₹ 15,00,000.
Monthly (Approx)
0
Yearly Interest
0
Total Interest
0
Maturity Value
0
Quarterly Interest Payouts
How SCSS Works
Eligibility
- Individual aged 60 years or above
- Retired employees (55-60) can invest within 1 month of retirement
- Maximum investment: ₹30 Lakhs per individual
"Quarterly Interest = Principal × (Annual Rate ÷ 4)"
Key Features
- 5-year tenure (extendable by 3 years)
- Interest paid quarterly (not compounded)
- Tax deduction under Section 80C (up to ₹1.5L)
- Interest is taxable as per income slab
Last Updated: January 2026
Disclaimer: Interest rates are subject to quarterly revision by the government. TDS is applicable if interest exceeds ₹50,000 per year.
About the SCSS Calculator
This scss calculator helps you model financial decisions with accurate formulas and clear outputs. Senior Citizen Savings Scheme quarterly income calculator.
Use when comparing loan terms, investment returns, taxes, or savings scenarios before making money decisions.
Adjust the inputs above to model your specific scenario with the SCSS Calculator.
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