Employer pension contribution deduction clarified, with different limits, individual contribution cap, and tax treatment on withdrawal. Deduction is allowed for employer contributions to a notified Central Government pension scheme up to prescribed percentage limits of salary-higher where the employer is the Central or State Government and lower for other employers, with a substitution of the higher percentage where the individual's income is charged under the specified provision. Individuals may also deduct their own deposits into such pension accounts up to a fixed annual cap, including guardian deposits for minors subject to the aggregate cap; disallowance of double deduction is provided and closure/withdrawal or annuity receipts are taxed in the year of receipt except on death and where an amount is used to purchase an annuity in the same year.