Tax incentives to individuals who are enrolled in the Agnipath Scheme : Clause 125 of the Income Tax Bill, 2025 Vs. Section 80CCH of the Income Tax Act, 1961
15 April, 2025
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Deduction for Agniveer contributions enables tax relief for enrolled personnel, encouraging savings, recruitment and retention. A statutory deduction allows full deduction of contributions to the Agniveer Corpus Fund by individuals enrolled in the Agnipath Scheme and of ... Summary
Deduction for Agniveer contributions enables tax relief for enrolled personnel, encouraging savings, recruitment and retention.
A statutory deduction allows full deduction of contributions to the Agniveer Corpus Fund by individuals enrolled in the Agnipath Scheme and of corresponding Central Government contributions, with eligibility defined by enrolment and effective date; taxpayers must substantiate contributions and authorities must adapt administration and reporting to process both individual and government contributions.
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