Deduction for Agniveer contributions: individuals may deduct personal and government contributions to the Agniveer Corpus Fund from taxable income. An individual enrolled in the Agnipath Scheme who subscribes to the Agniveer Corpus Fund may deduct in full from his total income the amounts he pays or deposits into his Fund account during the tax year. Central Government contributions to an enrollee's Fund account are also deductible in computing that enrollee's total income. The section defines the Agnipath Scheme and the Agniveer Corpus Fund as the consolidated repository for subscribers' contributions, matching government contributions and interest.
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Provisions expressly mentioned in the judgment/order text.
Deduction for Agniveer contributions: individuals may deduct personal and government contributions to the Agniveer Corpus Fund from taxable income.
An individual enrolled in the Agnipath Scheme who subscribes to the Agniveer Corpus Fund may deduct in full from his total income the amounts he pays or deposits into his Fund account during the tax year. Central Government contributions to an enrollee's Fund account are also deductible in computing that enrollee's total income. The section defines the Agnipath Scheme and the Agniveer Corpus Fund as the consolidated repository for subscribers' contributions, matching government contributions and interest.
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