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of <h1>Tax Deductions Available for Contributions to Agniveer Corpus Fund Under Clause 125 of Income Tax Bill</h1> Clause 125 of the Income Tax Bill, 2025 provides tax deductions for contributions to the Agniveer Corpus Fund under the Agnipath Scheme. The provision allows deductions for both individual contributions and government matching contributions made on or after November 1, 2022. This mirrors Section 80CCH of the Income Tax Act, 1961, which was introduced by the Finance Act, 2023. Both provisions aim to incentivize enrollment in the Agnipath Scheme for Indian Armed Forces recruitment, provide financial support to participants through reduced taxable income, and promote long-term savings. The tax incentives align fiscal policy with national security objectives.
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