# SCSS Calculator 2026: 8.2% Senior Citizen Quarterly Interest > SCSS calculator at the current 8.2% rate. See your Senior Citizens Savings Scheme quarterly interest, yearly income, TDS, tax at your slab and 80C saving. Source: https://trykosh.com/tools/scss-calculator Free tool - Government schemes # SCSS calculator: Senior Citizens Savings Scheme interest Work out the quarterly income from the Senior Citizens Savings Scheme at 8.2%, the TDS on it, and what you keep after tax. Rules checked 25 October 2026Free - no sign-upRuns in your browser Quarterly interest INR 61,500 INR 2,46,000 a year - INR 20,500 a month on average Interest over 5 years**INR 12,30,000** TDS a year**INR 24,600** Tax a year at your slab**INR 51,168** Deposit **INR 30,00,000**Interest over 5 years **INR 12,30,000** Paid on the first working day of April, July, October, January Interest each quarter INR 61,500 Yearly interest INR 2,46,000 TDS (10% if over INR 1 lakh a year) INR 24,600 Interest after tax, per year INR 1,94,832 The rate is locked for the whole 5 years at the rate on the day you invest. You can extend once by 3 years at the rate then in force. ## Upload your statement and Kosh does this for you. Upload your statements and Kosh keeps your PPF, EPF, NPS and deposits in one view, with reminders before every deposit and maturity date. [Start free](/signup?via=tool-scss-calculator) ## How the SCSS calculator works SCSS is a 5-year deposit for people aged 60 and above, retirees aged 55 to 60 who invest within a month of receiving retirement benefits, and retired defence personnel from 50. You can invest up to INR 30 lakh per person, in multiples of INR 1,000. Interest at 8.2% (October to December 2026) is paid every quarter on the first working day of April, July, October and January. Each payout is deposit x 8.2% / 4, so INR 30 lakh pays INR 61,500 a quarter. The rate is fixed for 5 years from the day you invest. Interest is taxable at your slab. TDS of 10% applies if your SCSS interest exceeds INR 1 lakh in a year, unless you submit Form 15H because your tax is nil. In the old regime, the deposit qualifies for 80C in the year you invest, and 80TTB lets seniors deduct up to INR 50,000 of deposit interest. After 5 years you can extend once by 3 years, at the rate in force on the date of maturity. The calculator shows your yearly interest after tax at the slab you choose. Quarterly interest = deposit x 8.2% / 4 Limit INR 30 lakh per person ## Worked example: A retired teacher invests INR 20 lakh Mrs D'Souza, a retired teacher in Goa who files under the old regime, invests INR 20 lakh of her gratuity and PF in SCSS. She receives INR 41,000 every quarter, INR 1,64,000 a year. As that's above INR 1 lakh, the post office deducts INR 16,400 TDS. At her 10% slab, tax on the interest is about INR 17,056 a year, and she saves about INR 15,600 once by claiming INR 1.5 lakh of the deposit under 80C. Quarterly interest INR 41,000 INR 1,64,000 a year - INR 13,667 a month on average Interest over 5 years**INR 8,20,000** TDS a year**INR 16,400** Tax a year at your slab**INR 17,056** Deposit **INR 20,00,000**Interest over 5 years **INR 8,20,000** Paid on the first working day of April, July, October, January Interest each quarter INR 41,000 Yearly interest INR 1,64,000 TDS (10% if over INR 1 lakh a year) INR 16,400 Interest after tax, per year INR 1,46,944 One-time 80C saving on the deposit (old regime) INR 15,600 The rate is locked for the whole 5 years at the rate on the day you invest. You can extend once by 3 years at the rate then in force. [Load this example into the calculator ->](?amount=2000000®ime=old&slab=10#calculator) ## Good to know - Premature closure: 1.5% of the deposit is deducted before 2 years, and 1% between 2 and 5 years. Closing within a year means interest paid is recovered. - Interest that isn't withdrawn doesn't earn more interest. Link the account to a savings account for auto-credit. - A couple can each invest INR 30 lakh in their own accounts, or hold a joint account with the spouse, where the deposit counts toward the first holder's limit. - Retirees aged 55 to 60 must invest within one month of receiving retirement benefits, and only up to the amount of those benefits. ## Frequently asked questions What is the SCSS interest rate for October to December 2026? 8.2% a year, paid quarterly. The rate on your account stays fixed for 5 years from the date of deposit. How much interest will I get on INR 30 lakh in SCSS? INR 61,500 a quarter, or INR 2,46,000 a year at 8.2%. Over 5 years that's INR 12.3 lakh in interest, with the INR 30 lakh returned at maturity. Is SCSS interest taxable? Yes, at your slab rate. TDS of 10% is deducted if interest exceeds INR 1 lakh a year. In the old regime you can claim up to INR 50,000 of deposit interest under 80TTB. Can I invest in SCSS in the new tax regime? Yes. The scheme is open to all eligible seniors. You simply don't get the 80C deduction on the deposit or the 80TTB deduction on interest; the new regime's lower rates and INR 12 lakh rebate may still leave your tax at nil. ## Sources and assumptions - [Department of Economic Affairs: small savings rates](https://dea.gov.in/) - [India Post savings schemes](https://www.indiapost.gov.in/) Rules and rates last checked on 25 October 2026. Results are estimates for planning and education, not tax, legal or investment advice. Kosh is an educational financial planning tool by Primedepth Labs. It is not a SEBI-registered investment adviser and does not offer personalised investment advice, hold your money or execute trades. Markets carry risk; read scheme documents carefully and consult a registered adviser before acting.