What is the Section 80TTB deduction for senior citizens?

Senior citizens (60+) can claim up to ₹50,000 deduction under Section 80TTB on interest income from savings accounts, FDs, and post office deposits. This is available only under the Old Tax Regime.

What is the maximum SCSS investment limit in 2026?

The SCSS (Senior Citizen Savings Scheme) maximum investment limit is ₹30 lakh per individual. With a joint account, effective family limit is ₹60 lakh. Current rate is 8.2% p.a., revised quarterly.

Which scheme is best for senior citizens — SCSS or FD?

SCSS offers 8.2% (government-backed) vs bank FD's ~6.8 to 7.2 percent (with senior citizen bonus). SCSS is safer and higher-yielding, but has a ₹30L cap and 5-year lock-in. Use both in a diversified retirement income strategy.

Senior Citizen Financial Planner

Optimise retirement income for senior citizens across SCSS, PMVVY, FDs, and annuities with corpus longevity analysis.

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Quick Summary: Senior Citizen Financial Planner

A Senior Citizen Financial Planner optimizes income using high-yield government schemes. In FY 2026-27, SCSS offers 8.2% p.a. (max ₹30L) and Section 80TTB allows a ₹50,000 tax deduction on interest. This tool helps you allocate funds between SCSS, FDs, and SWPs to maximize post-tax monthly cash flow.

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Regulatory Disclaimer

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.