Source: https://awesomecalcs.com/scss-calculator/1500000-scss-quarterly-payout
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# ₹15,00,000 SCSS Quarterly Payout

> See the quarterly payout and total returns on a ₹15,00,000 Senior Citizens Savings Scheme (SCSS) investment at 8.2% p.a. over 5 years.

Interactive calculator: https://awesomecalcs.com/scss-calculator/1500000-scss-quarterly-payout

Keywords: ₹1500000 SCSS quarterly payout, 15 lakh senior citizens savings scheme returns, SCSS calculator 15 lakh, SCSS vs FD senior citizen 15 lakh, post office SCSS 15 lakh, SCSS 15 lakh quarterly income

## Scenario inputs

```json
{
  "inputs": {
    "investment": 1500000,
    "annualRatePercent": 8.2,
    "years": 5
  }
}
```

## Frequently asked questions

### Is SCSS interest taxable on a ₹15,00,000 investment?

Yes. Annual interest of ₹1,23,000 well exceeds the ₹50,000 TDS threshold for senior citizens. TDS at 10% will be deducted on interest above ₹50,000 per year. If your total income is within the exempt limit, submit Form 15H to avoid TDS deduction.

### Can I extend a ₹15,00,000 SCSS beyond 5 years?

Yes. The 3-year extension applies to the full balance. Over 8 years, a ₹15,00,000 SCSS at 8.2% generates total interest of about ₹9,84,000 (8 × ₹1,23,000). This makes SCSS one of the best long-term income instruments for senior citizens.

### How does ₹15,00,000 in SCSS compare to splitting between SCSS and Post Office MIS?

A ₹15,00,000 SCSS gives ₹30,750/quarter. Alternatively, split into ₹9,00,000 SCSS (₹18,450/quarter) and ₹6,00,000 Post Office MIS (₹3,700/month) to get both quarterly and monthly income streams, which suits regular monthly expense planning.