Agnipath Scheme deductions cover employee and government contributions to the Agniveer Corpus Fund under the income tax rules. Deduction is available to an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund for the whole amount paid or deposited in the Fund, and for any contribution made by the Central Government to that account. The Fund requires monthly subscription, matching government contribution, and accrual of interest, with no withdrawal permitted during the four-year engagement period. On completion of service, death, disability, or other exit, the Seva Nidhi is paid according to the event, and the scheme and Fund are specifically defined for this purpose.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Agnipath Scheme deductions cover employee and government contributions to the Agniveer Corpus Fund under the income tax rules.
Deduction is available to an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund for the whole amount paid or deposited in the Fund, and for any contribution made by the Central Government to that account. The Fund requires monthly subscription, matching government contribution, and accrual of interest, with no withdrawal permitted during the four-year engagement period. On completion of service, death, disability, or other exit, the Seva Nidhi is paid according to the event, and the scheme and Fund are specifically defined for this purpose.
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