Deduction in respect of contribution to Agnipath Scheme – Section 80CCH

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r the 1st day of November, 2022, has in the previous year paid or deposited any amount in his account in the said Fund, he shall be allowed a deduction in the computation of his total income, of the whole of the amount so paid or deposited. [Ex: - Assessee who opt for the scheme made by CG for employment in Indian Army] Contribution by CG: Where the Central Government makes any contribution t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be considered as Salary of that individual. Section 10(12C) has been introduced to provide for exemption of any amount received by the Agniveer or his nominee from the Agniveer Corpus Fund ( i.e. Agniveer Corpus fund comprises of contribution of Agniveer + Interest AND Matching Contribution of Government + Interest) This section is applicable from F.Y. 2022-23 (A.Y. 2023-24) whic .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X