Agnipath Scheme, 2022

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..... 's decision to implement the Agnipath Scheme, 2022, the Competent Authority has decided to create a non-lapsable dedicated Agniveer Corpus Fund in the interest-bearing section of the Public Account head. The package given to an Agniveer from Agniveer Corpus Fund is called as Seva Nidhi . 2. In the Scheme, the Agniveer Corpus Fund is defined as a Fund in which consolidated contributions of .....

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..... including interest thereon and matching contribution from the Government equal to the accumulated amount of their contribution including interest. 3. In order to allow deduction from the computation of total income of Agniveer, any contribution made by him or the Central Government to his Agniveer Corpus Fund account and to exempt from tax any payment received by Agniveer or his nominee, from t .....

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..... of this proposed clause (12C) of section 10 and section 80CCH, it is proposed to define Agnipath scheme as a scheme for the enrolment in Indian Armed Forces introduced by the Central Government, and Agniveer Corpus Fund as a fund defined in para 2(c) of Agnipath Scheme notified by the Central Government. (iv) It is also proposed to insert a new sub-clause in clause (1) of section 17 of the .....

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