Source: https://awesomecalcs.com/post-office-mis-calculator/300000-post-office-mis-monthly-income
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# ₹3,00,000 Post Office MIS Monthly Income

> See the monthly income from a ₹3,00,000 Post Office Monthly Income Scheme (MIS) investment at 7.4% p.a. over 5 years.

Interactive calculator: https://awesomecalcs.com/post-office-mis-calculator/300000-post-office-mis-monthly-income

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## Scenario inputs

```json
{
  "inputs": {
    "annualRatePercent": 7.4,
    "investment": 300000,
    "accountType": "single"
  }
}
```

## Frequently asked questions

### How is POMIS interest taxed on a ₹3,00,000 investment?

Annual interest of approximately ₹22,200 (₹1,850/month) is taxable income. No TDS is deducted, but include it in your income tax return. At the 20% slab, the annual tax on this interest is about ₹4,440.

### What happens to my ₹3,00,000 at Post Office MIS maturity?

The full ₹3,00,000 is returned at the end of 5 years. Over the 5-year period, you have already received ₹1,11,000 in monthly income (₹1,850 × 60 months). Combined with the principal return, total receipts are ₹4,11,000 on a ₹3,00,000 investment.

### Can I have both a single and a joint POMIS account?

Yes. You can hold one single account (maximum ₹9,00,000) and one joint account (maximum ₹15,00,000, counted per investor). This allows a single person to invest up to ₹9,00,000 in their own single account, and a couple to jointly hold up to ₹15,00,000.