Source: https://awesomecalcs.com/scss-calculator/500000-scss-quarterly-payout
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

---
# ₹5,00,000 SCSS Quarterly Payout

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

Interactive calculator: https://awesomecalcs.com/scss-calculator/500000-scss-quarterly-payout

Keywords: ₹500000 SCSS quarterly payout, 5 lakh senior citizens savings scheme returns, SCSS calculator 5 lakh, SCSS vs FD senior citizen 5 lakh, post office SCSS 5 lakh, SCSS interest rate 2024

## Scenario inputs

```json
{
  "inputs": {
    "investment": 500000,
    "annualRatePercent": 8.2,
    "years": 5
  }
}
```

## Frequently asked questions

### Is SCSS interest taxable on a ₹5,00,000 investment?

Yes. SCSS interest is fully taxable as income in the year of receipt. For a ₹5,00,000 investment, annual interest is ₹41,000, which is below the ₹50,000 TDS threshold for senior citizens. No TDS is deducted, but you still need to include this in your income tax return.

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

Yes. SCSS can be extended by 3 years after the 5-year tenure, with the same prevailing interest rate at the time of extension. This must be applied for within 1 year of maturity. The extended account can be closed without penalty after 1 year.

### How does ₹5,00,000 in SCSS compare to ₹5,00,000 in Post Office MIS?

SCSS pays ₹10,250/quarter (₹41,000/year) at 8.2%, while Post Office MIS pays ₹3,083/month (₹36,996/year) at 7.4%. SCSS gives higher annual income but pays quarterly. SCSS is for senior citizens only (60+), while MIS is open to all ages.