Source: https://awesomecalcs.com/scss-calculator/2000000-scss-quarterly-payout
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# ₹20,00,000 SCSS Quarterly Payout

> See the quarterly payout and total returns on a ₹20,00,000 Senior Citizens Savings Scheme (SCSS) investment at 8.2% p.a. over 5 years.

Interactive calculator: https://awesomecalcs.com/scss-calculator/2000000-scss-quarterly-payout

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## Scenario inputs

```json
{
  "inputs": {
    "investment": 2000000,
    "annualRatePercent": 8.2,
    "years": 5
  }
}
```

## Frequently asked questions

### Is SCSS interest taxable on a ₹20,00,000 investment?

Yes. Annual interest of ₹1,64,000 substantially exceeds the ₹50,000 TDS threshold. TDS at 10% is deducted on interest above ₹50,000 per year. Net of TDS, you receive roughly ₹1,50,600/year. Include this in your income tax return; actual liability depends on your slab.

### Can I extend a ₹20,00,000 SCSS beyond 5 years?

Yes, a 3-year extension is available on application within 1 year of maturity. Total 8-year interest at 8.2% would be approximately ₹13,12,000 on a ₹20,00,000 investment, maintaining the same quarterly payout of ₹41,000.

### How does ₹20,00,000 in SCSS compare to the same amount in senior citizen FDs?

A senior citizen FD at 7.5% earns ₹1,50,000/year. SCSS at 8.2% earns ₹1,64,000/year, a difference of ₹14,000 annually. Over 5 years, SCSS generates ₹70,000 more interest. The principal is also fully government-guaranteed in SCSS.