01
Enter your investment
Type the lump sum you will invest, up to the ₹30 lakh limit. SCSS runs for a fixed 5-year term.
SCSS Calculator
See your Senior Citizen Savings Scheme quarterly income at 8.2%.
Updated Reviewed by Sajid Hussain· Editor
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Results update in real time as you type — no submit needed.
Your numbers
SCSS bills sellers in Indian Rupee (INR), so this calculator works in INR — not your selected US Dollar ($). Every figure below matches your real SCSS statement. Localised USD marketplaces are coming soon.
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Last updated
June 14, 2026
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India Savings Tool
What Is an SCSS Calculator?
An SCSS calculator works out the quarterly income from the Senior Citizen Savings Scheme — a government income scheme for those aged 60 and above — using your investment and the 8.2% rate.
SCSS is an income scheme, not a growth one. Unlike PPF or NSC, it does not compound — it pays interest into your account every quarter, and returns your principal at the end of 5 years. The calculator shows that quarterly income and the yearly and 5-year totals.
It pays one of the highest safe rates. At 8.2% for FY 2025-26, SCSS beats most senior-citizen FDs and is backed by the government. A ₹30 lakh investment — the maximum — pays ₹61,500 every quarter as a dependable pension top-up.
See what you actually keep after tax. The deposit gets Section 80C, and the first ₹50,000 of interest is exempt under Section 80TTB — so many seniors keep all of it. Set your slab and the calculator shows the net quarterly income and the real yield after inflation, not just the gross figure.
Limits and eligibility matter. SCSS is for those 60+ (earlier in some retirement cases), with a ₹1,000 minimum and ₹30 lakh maximum per person. The calculator caps the eligible amount, flags the ₹1 lakh TDS limit, and shows the income the scheme can realistically provide.
Quick facts
- Type
- Quarterly income (no compounding)
- Rate (FY 2025-26)
- 8.2% p.a.
- Eligibility
- Age 60+ (earlier on retirement)
- Limit
- ₹1,000 to ₹30 lakh
- Tax
- 80C on deposit · interest taxable
- Free to use
- No sign-up needed
How It Works
Calculate Your SCSS Income in Two Steps
02
Set the interest rate
The rate defaults to the current 8.2%. The rate is locked in for the whole term once you open the account.
03
Read your quarterly income
See the quarterly and annual income, the total interest over 5 years, and the TDS and 80C position.
Steps to use the SCSS Calculator: Enter your investment, Set the interest rate, Read your quarterly income.
The Formula
How SCSS Income Is Worked Out
01
Quarterly income
Quarterly = Investment × rate ÷ 4
SCSS pays simple interest every quarter — the rate divided by four, applied to the principal. It does not compound, since the interest is paid out, not reinvested.
Example: ₹15,00,000 × 8.2% ÷ 4 = ₹30,750 a quarter
02
Annual & total income
Annual = Investment × rate · Total = Annual × 5
Four quarterly payouts make the annual income; over the 5-year term you receive five years of it. The principal is returned separately at maturity.
Example: ₹1,23,000 a year × 5 = ₹6,15,000 of interest
03
TDS on interest
TDS = 10% × annual interest (above ₹1 lakh)
Once a year's interest crosses ₹1 lakh (the senior-citizen limit), the bank deducts 10% TDS. It is adjustable against your final tax; Form 15H stops it if your income is below the taxable limit.
Example: ₹1,23,000 × 10% = ₹12,300 TDS a year
04
Net income (80TTB) & real yield
Taxable = max(0, annual − ₹50,000) ; Net = annual − taxable × slab% × 1.04
Section 80TTB exempts the first ₹50,000 of interest (old regime); only the rest is taxed at your slab. The real yield then discounts the post-tax income yield for inflation.
Example: ₹1,23,000 − ₹50,000 = ₹73,000 taxable; at 20% → net ≈ ₹1,07,816/yr
Worked Example
Step-by-Step Walkthrough (₹15 lakh at 8.2%)
Currency note: the example below uses a benchmark scenario priced in Indian Rupee (INR). Values are converted to US Dollar (USD) at the latest exchange rate so you can compare against your own numbers.
Scenario
A retiree investing $1,500,000.00 in SCSS at 8.2% for the 5-year term.
1
Step 1 · Quarterly income
At 8.2%, the $1,500,000.00 principal pays a fixed amount every three months.
Quarterly = $30,750.00
2
Step 2 · Annual & 5-year income
Four payouts make $123,000.00 a year; over 5 years that adds up.
Total interest = $615,000.00
3
Step 3 · Tax
The interest is taxable, and above ₹1 lakh a year the bank deducts TDS.
TDS ≈ $12,300.00/year
The takeaway
A ₹15 lakh SCSS pays a steady $30,750.00 every quarter — $615,000.00 of income over 5 years, plus your principal back at the end. It is one of the safest, highest-paying income options for seniors, though the interest is taxable and the deposit qualifies for 80C.
By investment
SCSS Income by Investment (8.2%)
| Metric | Poor | Average | Good | Excellent |
|---|---|---|---|---|
Quarterly income Calcrux projection · 8.2% | ₹5L → ₹10,250 | ₹10L → ₹20,500 | ₹15L → ₹30,750 | ₹30L → ₹61,500 |
Annual income Calcrux projection · 8.2% | ₹41,000 | ₹82,000 | ₹1,23,000 | ₹2,46,000 |
Total interest (5 yrs) Calcrux projection · 8.2% | ₹2.05L | ₹4.10L | ₹6.15L | ₹12.30L |
Comparison
Calcrux vs Groww vs Bank Calculators
| Feature | Calcrux (Free) | Groww | Bank site |
|---|---|---|---|
| Quarterly, annual & 5-year income | |||
| Net income after tax (with 80TTB) | |||
| Real income yield after inflation | |||
| TDS at the senior ₹1 lakh limit | |||
| Flags the ₹30 lakh cap + 80C amount | |||
| Free, no sign-up required |
Common Mistakes
SCSS Mistakes to Avoid
Expecting the interest to compound
Why it matters
SCSS pays interest out every quarter — it does not reinvest. People expecting a large compounded maturity are disappointed; the principal simply comes back at the end.
Fix
Treat SCSS as an income scheme. The calculator shows the quarterly income, not a compounded maturity.
Investing more than ₹30 lakh
Why it matters
The per-person limit is ₹30 lakh. Money above that cannot go into SCSS at all.
Fix
Cap the SCSS amount at ₹30 lakh; the calculator flags any excess. Use a senior FD or POMIS for more.
Missing the 80TTB exemption on the interest
Why it matters
SCSS interest is taxable, but the first ₹50,000 is exempt under Section 80TTB. Seniors who forget it over-estimate the tax — and may pay TDS they could have avoided.
Fix
Set your slab; the calculator applies the ₹50,000 80TTB exemption and shows the net income. Submit Form 15H if your total income is below the taxable limit.
Missing the 80C deduction
Why it matters
The SCSS deposit qualifies for Section 80C up to ₹1.5 lakh, but many seniors forget to claim it.
Fix
Claim the deposit (up to ₹1.5 lakh) under 80C. The calculator shows the eligible amount.
Breaking it early without checking penalty
Why it matters
Closing before maturity costs 1–1.5% of the deposit, eating into the income earned.
Fix
Plan SCSS as a 5-year income stream. If you may need the money, keep a separate liquid buffer.
Pro Tips
Get More From Your SCSS
Max it for steady income
The ₹30 lakh limit at 8.2% gives ₹61,500 a quarter — a dependable pension top-up backed by the government.
Pair it with POMIS
SCSS pays quarterly and POMIS pays monthly. Holding both spreads your safe income across the year.
Submit Form 15H
If your total income is below the taxable limit, file Form 15H so the bank does not deduct TDS on the interest.
Claim the 80C deduction
Don't forget the SCSS deposit qualifies for Section 80C up to ₹1.5 lakh — a deduction in the year you invest.
Extend at maturity
You can extend SCSS once by 3 years at the prevailing rate, and close penalty-free after a year of the extension.
Who Uses This
Who Uses This SCSS Calculator
The SCSS Calculator works across every stage of the workflow.
Recent retirees
Someone who just retired checks the quarterly income ₹15–30 lakh of their corpus would generate in SCSS.
Seniors planning monthly cash flow
A retiree maps SCSS quarterly payouts against expenses to see how much of their needs it covers.
Families investing for parents
Adult children work out the income a lump sum in a parent's SCSS would provide.
Income vs growth comparers
A senior weighs SCSS's 8.2% quarterly income against a compounding FD or PPF for the same money.
Tax-aware seniors
Someone checks the TDS on SCSS interest and the 80C deduction before deciding how much to invest.
Glossary
Key SCSS Terms
Every important term you'll encounter in this calculator and the broader topic.
- Senior Citizen Savings Scheme (SCSS)
- A 5-year government income scheme for those aged 60+, paying interest quarterly at a fixed rate and returning the principal at maturity.
- Quarterly Payout
- The interest SCSS pays into your account every three months — investment × rate ÷ 4. It is income, not reinvested growth.
- Total Interest
- All the quarterly interest received over the 5-year term. The principal is returned separately at maturity.
- TDS (Section 194A)
- Tax deducted at source — 10% on SCSS interest above ₹1 lakh a year (the senior-citizen limit). Adjustable against final tax.
- Section 80C
- The income-tax section allowing a deduction up to ₹1.5 lakh for the SCSS deposit in the year you invest.
- Extension
- A one-time 3-year continuation of SCSS after the initial 5 years, at the rate prevailing at maturity.
- Section 80TTB
- A senior-citizen deduction of up to ₹50,000 on interest income (SCSS, FDs, savings combined) under the old regime — so the first ₹50,000 of SCSS interest is tax-free.
- Real Income Yield
- The post-tax income yield after inflation. SCSS income is fixed for 5 years, so its real value slips as prices rise.
Help & answers
Frequently asked questions
Everything you need to know about how the SCSS Calculator works.
01What is an SCSS calculator?
An SCSS calculator works out the income from the Senior Citizen Savings Scheme. You enter the investment and rate; it returns the quarterly income, the annual income, and the total interest over the 5-year term, plus the TDS and 80C position.
02How is SCSS interest calculated?
SCSS pays simple interest quarterly — it does not compound. Quarterly income = investment × rate ÷ 4. At 8.2%, ₹15 lakh pays ₹30,750 a quarter (₹1,23,000 a year), and the ₹15 lakh principal is returned at maturity.
03What is the quarterly income on ₹15 lakh SCSS?
₹15 lakh at 8.2% pays ₹30,750 every quarter — that is ₹1,23,000 a year, or ₹6,15,000 of interest over the 5-year term. The ₹15 lakh principal comes back to you at maturity.
04What is the SCSS interest rate for 2025-26?
The SCSS rate is 8.2% per annum for FY 2025-26 — among the highest guaranteed rates in India. The rate is fixed when you open the account and the government reviews it each quarter for new accounts.
05Who is eligible for SCSS?
Anyone aged 60 or above can open an SCSS account. So can those aged 55–60 who have retired under a voluntary scheme, and defence retirees from age 50, subject to conditions. You must invest within a month of receiving retirement benefits in those cases.
06What is the maximum SCSS investment?
₹30 lakh per person, raised from ₹15 lakh in Budget 2023, with a ₹1,000 minimum. At 8.2%, the ₹30 lakh maximum gives ₹61,500 of income a quarter — a strong, safe pension top-up.
07Is SCSS interest taxable?
Yes. SCSS interest is added to your income and taxed at your slab. TDS at 10% applies once your yearly interest crosses ₹1 lakh (the senior-citizen limit). The investment, though, qualifies for a Section 80C deduction up to ₹1.5 lakh.
08How much of SCSS income do I keep after tax?
The first ₹50,000 of interest is exempt under Section 80TTB; only the rest is taxed at your slab. Many seniors, below the taxable limit, keep all of it. Set your slab in the calculator to see the net quarterly income.
09What is the 80TTB benefit on SCSS interest?
Section 80TTB lets a senior deduct up to ₹50,000 of interest income (SCSS, FDs, savings combined) under the old regime. So the first ₹50,000 of SCSS interest is effectively tax-free, and only the excess is taxed at your slab.
10Does SCSS income beat inflation?
At 8.2% it usually does, especially since seniors often pay little tax. But the income is fixed for 5 years while prices rise — the calculator shows the real income yield after inflation so you see the true picture.
11What is the SCSS tenure and can I extend it?
SCSS runs for 5 years and can be extended once by a further 3 years, at the rate prevailing at maturity. During an extension you can also close it after a year with no penalty.
12SCSS vs FD — which is better for seniors?
SCSS usually pays more than a senior FD (8.2% vs around 7–7.5%), is government-backed, and gives regular quarterly income plus 80C. Its limits are 60+ age and ₹30 lakh; beyond that, a senior-citizen FD fills the gap.
13Can I withdraw SCSS before maturity?
Yes, with a penalty. Closing after 1 year but before 2 years costs 1.5% of the deposit; after 2 years it is 1%. During a 3-year extension, you can close after a year with no penalty.
14SCSS vs Post Office MIS — which gives more income?
SCSS pays a higher rate (8.2% vs about 7.4% for POMIS) but is only for seniors and caps at ₹30 lakh. POMIS is open to anyone, pays monthly, and caps lower. Seniors often use both to maximise safe monthly and quarterly income.
15Is this SCSS calculator free and accurate?
Yes — it is free, needs no sign-up, and runs in your browser. It uses the simple quarterly-payout maths SCSS actually follows and the 8.2% FY 2025-26 rate. Confirm the prevailing rate at the post office or bank before investing.
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