Paneer Makhani is made with ingredients such as paneer, tomatoes, onions, cashews, ginger, garlic, butter, cream, and a blend of spices like red chili powder, garam masala, cumin, and kasoori methi (dried fenugreek leaves). The dish features a rich, creamy tomato-based gravy that serves as a flavorful base for the soft paneer cubes.