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of <h1>Income Tax Bill 2025: Clause 125 allows tax deductions for Agnipath Scheme contributions to the Agniveer Corpus Fund.</h1> Clause 125 of the Income Tax Bill, 2025, allows individuals enrolled in the Agnipath Scheme to deduct contributions made to the Agniveer Corpus Fund from their taxable income. This deduction applies to amounts paid or deposited into the account during the tax year. Additionally, if the Central Government contributes to an individual's account in the Fund, that contribution is also deductible. The Agnipath Scheme is a program for enrolling in the Indian Armed Forces, and the Agniveer Corpus Fund holds contributions from both participants and the government, including accrued interest.
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