(1) For a resident with pension income, the amount provided for in the following Table shall be deducted from his/her total pension income which he/she receives in the relevant taxable period (excluding the pension income subject to separate taxation; hereafter the same shall apply in this paragraph): Provided, That where the amount deducted exceeds nine million won, nine million won shall be deducted: <Amended by Act No. 11611, Jan. 1, 2013>
(2) The deduction under paragraph (1) shall be referred to as "pension income deduction."[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]