Source: https://awesomecalcs.com/scss-calculator/3000000-scss-quarterly-payout
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# ₹30,00,000 SCSS Quarterly Payout

> See the quarterly payout and total returns on a ₹30,00,000 Senior Citizens Savings Scheme (SCSS) investment at 8.2% p.a. over 5 years.

Interactive calculator: https://awesomecalcs.com/scss-calculator/3000000-scss-quarterly-payout

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## Scenario inputs

```json
{
  "inputs": {
    "investment": 3000000,
    "annualRatePercent": 8.2,
    "years": 5
  }
}
```

## Frequently asked questions

### Is ₹30,00,000 the maximum SCSS investment?

Yes. ₹30,00,000 is the maximum per-individual SCSS investment limit. If you are married, your spouse can also open a separate SCSS account of up to ₹30,00,000, potentially doubling the household income from SCSS. Joint accounts are allowed but the limit still applies per individual.

### Is SCSS interest taxable on a ₹30,00,000 investment?

Yes. Annual interest of ₹2,46,000 is well above the ₹50,000 TDS threshold. TDS at 10% applies on interest above ₹50,000. Net of TDS, you receive approximately ₹2,26,000/year. At the 30% slab, effective post-tax yield is about 5.74% p.a., still better than most fixed deposits after tax.

### What happens to the ₹30,00,000 principal at SCSS maturity?

The full ₹30,00,000 principal is returned at maturity (after 5 years, or 8 years with extension). The principal return is not taxable. You can then reinvest it in a new SCSS if the scheme is still available, senior citizen FDs, or Post Office MIS depending on your income needs.