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of <h1>Tax deductions for Central Government-notified pension scheme: 80CCD(1), 80CCD(1B) and 80CCD(2) limits on contributions and receipts taxability</h1> An individual who pays into a Central Government-notified pension scheme may deduct contributions from taxable income: employee contributions are allowed up to ten percent of salary, other individuals up to twenty percent of gross total income, and an additional deduction of up to fifty thousand rupees is available under a separate sub-limit (not duplicative of the primary deduction). Employer contributions are deductible subject to percentage caps (fourteen percent of salary if paid by Central/State government, ten percent if by other employers, with substitution to fourteen percent for certain taxpayers). Amounts received on closure, opt-out, pension purchase, superannuation or retirement (unless used to buy an annuity or subject to specified nominee/death exceptions) are taxable as income when received.
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