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SCSS: Earn Rs 20,000 Monthly & Get Tax Break Post-Retirement

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M

Moneycontrol•14-03-2026, 14:01

SCSS: Earn Rs 20,000 Monthly & Get Tax Break Post-Retirement

•The Senior Citizens’ Savings Scheme (SCSS) provides a predictable income stream for retirees.
•Investing Rs 30 lakh in SCSS at the current 8.2% interest rate can generate around Rs 20,500 monthly.
•Investments in SCSS qualify for tax deduction under Section 80C of the Income Tax Act.
•Interest earned from SCSS is taxable as per your income slab, with TDS potentially applicable.
•The scheme has a 5-year lock-in period, extendable by 3 years, offering stability and flexibility.

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