[1][80CCD. [2]Deduction in respect of contribution to pension scheme of Central Government.

(1) [3][Where an assessee, being an individual employed by the Central Government on or after the 1st day of January, 2004 or, being an individual employed by any other employer] [4][or any other assessee, being an individual], has in the previous year paid or deposited any amount in his account under a pension scheme notified or as may be notified by the Central Government, he shall, in accordance with, and subject to, the provisions of this section, be allowed a deduction in the computation of his total income, of the whole of the amount so paid or deposited [5][as does not exceed,

(a) in the case of an employee, ten per cent of his salary in the previous year; and

(b) in any other case, [6][twenty per cent] of his gross total income in the previous year;]

[7][* * * * *]

[8][(1B) An assessee referred to in sub-section (1), shall be allowed a deduction in computation of his total income, [whether or not any deduction is allowed under sub-section (1)], of the whole of the amount paid or deposited in the previous year in his account under a pension scheme notified or as may be notified by the Central Government, which shall not exceed fifty thousand rupees:

Provided that no deduction under this sub-section shall be allowed in respect of the amount on which a deduction has been claimed and allowed under sub-section (1);]

(2) Where, in the case of an assessee referred to in sub-section (1), the [9][[10][Central Government or the State Government] or any other employer] makes any contribution to his account referred to in that sub-section, the assessee shall be allowed a deduction in the computation of his total income, of the whole of the amount contributed by the [11][[12][Central Government or the State Government] or any other employer] as [13][does not exceed