SCSS Calculator — Calculations & Slabs for FY 2026-27

SCSS is a government-backed savings program designed for Indian residents aged 60 years or above. It offers a secure investment option, high fixed interest rates, and regular quarterly income payouts. This ensures full compliance with the latest regulations, allowing you to estimate values correctly and avoid common filing errors.

The maximum deposit limit in SCSS is ₹30,00,000 per individual. The minimum investment starts at ₹1,000. Senior citizens can open multiple SCSS accounts, but the aggregate deposit across all accounts cannot exceed the ₹30 Lakh cap. This ensures full compliance with the latest regulations, allowing you to estimate values correctly and avoid common filing errors.

Yes, investments made in SCSS qualify for tax deductions under Section 80C of the Income Tax Act up to ₹1,50,000 per financial year. However, the quarterly interest income earned is taxable under your personal income tax slab. As per the Union Budget 2025-26, if the interest income exceeds ₹1,00,000 in a financial year, TDS is deducted at 10% (unless Form 15H is submitted). This threshold was raised from the earlier ₹50,000 limit.

SCSS has a maturity tenure of 5 years. After 5 years, you can choose to extend the account for an additional block of 3 years by submitting an application within 1 year of maturity. This ensures full compliance with the latest regulations, allowing you to estimate values correctly and avoid common filing errors.

You can verify the values against the official notifications listed in our data sources section at the bottom of the page.