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<h1>Section 80CCH: Tax Deductions for Agnipath Scheme Participants; Exemptions on Agniveer Fund Contributions and Interest under Section 10(12C).</h1> Section 80CCH of the Income Tax Act provides deductions for individuals enrolled in the Agnipath Scheme who contribute to the Agniveer Corpus Fund. Both individual contributions and those made by the Central Government are deductible from the individual's total income. The Central Government's contribution is considered part of the individual's salary. Under the new tax regime, deductions are allowed for government contributions only. Section 10(12C) exempts amounts received from the Agniveer Corpus Fund, which includes contributions and interest from both the individual and the government. This provision applies from the financial year 2022-23.