Senior Citizen Savings Scheme (SCSS) Calculator — FY 2025-26
Calculate your quarterly interest income from SCSS at 8.2% on deposits up to ₹30 lakh. See tax impact with Section 80TTB and 80C deductions, TDS implications, and compare SCSS vs bank FD vs PPF for the best post-tax returns. Updated for FY 2025-26 rates.
Try another scenario
How to Use This Calculator
SCSS Returns tab
Enter your deposit amount (up to ₹30,00,000), the current SCSS interest rate (8.2% for FY 2025-26), and select tenure (5 years or 8 years with extension). The calculator shows your quarterly interest payout, annual income, total interest earned, and maturity amount. Use this to plan your retirement income from SCSS.
Tax on SCSS Interest tab
Enter your annual SCSS interest, other income (pension, rent, FD interest), select your age category and tax regime. The calculator computes your Section 80TTB deduction (₹50,000 under old regime), Section 80C benefit on the deposit, and estimates the tax payable on your SCSS interest. Helps you decide between old and new tax regime.
SCSS vs FD vs PPF tab
Enter a deposit amount to compare across three instruments: SCSS (8.2% quarterly payout), bank FD (7.0% quarterly compounding), and PPF (7.1% annual compounding, tax-free). The calculator shows pre-tax and post-tax returns over 5 years, factoring in PPF's ₹1.5 lakh annual contribution cap. See which option gives the best after-tax returns.
Share your result
Every input is encoded in the URL. Click Share to send your exact scenario to a family member, financial advisor, or save it for later.
The Formula
SCSS interest is calculated on a simple interest basis, paid out quarterly. The interest is NOT reinvested or compounded:
Quarterly Interest = (Deposit × Annual Rate) / 4
Where:
Deposit = Lump sum amount (₹1,000 to ₹30,00,000)
Annual Rate = 8.2% p.a. (Q4 FY 2025-26)
Annual Interest:
Annual Interest = Deposit × Annual Rate / 100
Maturity Amount (5 years):
Maturity = Deposit + (Annual Interest × 5)
Tax on SCSS Interest (Old Regime):
Taxable Interest = Annual Interest − Section 80TTB (up to ₹50,000)
Tax = Taxable Interest × Applicable Slab Rate
Section 80C deduction: Up to ₹1,50,000 on the deposit amount
TDS:
TDS at 10% if annual interest > ₹50,000 (senior citizen threshold)
Unlike FD or PPF, SCSS does not compound interest. The quarterly payout model makes it ideal for retirees who need regular income. However, if you do not need regular income, an FD with cumulative option (quarterly compounding) may give higher total returns on the same principal.
Example
Ramesh — Retired bank manager, ₹25,00,000 in SCSS
Ramesh is 62, recently retired from a nationalised bank in Pune. He deposits ₹25,00,000 in SCSS at 8.2% to supplement his pension. He is in the old tax regime with a pension of ₹3,00,000/year.
Step 1: Calculate quarterly interest
Step 2: Calculate tax (old regime)
Step 3: Five-year summary
Ramesh receives ₹51,250 every quarter (~₹17,083/month) as guaranteed income. With 80TTB and 80C deductions under the old regime, his effective tax on SCSS interest is minimal. Over 5 years, he earns ₹10.25 lakh in interest on his ₹25 lakh deposit.