SCSS Calculator
What will your SCSS pay you each quarter?
SCSS pays simple interest quarterly rather than compounding it — the payout is meant to be a regular income, not reinvested growth. The full principal is returned at maturity (or on the extended term, if you extend by the allowed 3 years).
Tax: SCSS interest is fully taxable at your slab rate. TDS of 10% applies once your SCSS interest crosses ₹1,00,000 in a financial year (the senior-citizen threshold) — at 8.2% that means deposits above roughly ₹12.2L trigger TDS; submit Form 15H to stop it if your total income is below the taxable limit. The deposit itself qualifies for 80C (old regime, up to ₹1.5L), and seniors can deduct up to ₹50,000 of deposit interest per year under 80TTB in the old regime — the post-tax payout above ignores 80TTB, so treat it as the conservative case.