Source: https://awesomecalcs.com/scss-calculator/1000000-scss-quarterly-payout
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# ₹10,00,000 SCSS Quarterly Payout

> See the quarterly payout and total returns on a ₹10,00,000 Senior Citizens Savings Scheme (SCSS) investment at 8.2% p.a. over 5 years.

Interactive calculator: https://awesomecalcs.com/scss-calculator/1000000-scss-quarterly-payout

Keywords: ₹1000000 SCSS quarterly payout, 10 lakh senior citizens savings scheme returns, SCSS calculator 10 lakh, SCSS vs FD senior citizen 10 lakh, post office SCSS 10 lakh, SCSS 10 lakh quarterly income

## Scenario inputs

```json
{
  "inputs": {
    "investment": 1000000,
    "annualRatePercent": 8.2,
    "years": 5
  }
}
```

## Frequently asked questions

### Is SCSS interest taxable on a ₹10,00,000 investment?

Yes. Annual interest of ₹82,000 exceeds the ₹50,000 TDS threshold for senior citizens. Banks and post offices will deduct TDS at 10% on interest above ₹50,000. You can submit Form 15H if your total income is below the taxable limit, to avoid TDS.

### Can I extend a ₹10,00,000 SCSS beyond 5 years?

Yes. SCSS can be extended once by 3 years after the 5-year tenure by applying within 1 year of maturity. The interest rate at extension time applies. Total tenor becomes 8 years, generating ₹82,000/year in interest over 3 more years.

### How does ₹10,00,000 in SCSS compare to ₹10,00,000 in a senior citizen FD?

A senior citizen FD at 7.5% p.a. pays roughly ₹75,000/year. SCSS at 8.2% pays ₹82,000/year, a difference of ₹7,000 annually. SCSS also has sovereign guarantee (government-backed), making it safer than most bank FDs. The tradeoff is SCSS has quarterly payout only, no monthly option.