New I.T. method

for individual salaried person Under new I.T. method can we deduct gratuity.... also for fy 20-21 we choose new regime... again in the nxt fy do we need to follow the same... or we shall change the method yearly wise as we wish.
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Quick Summary
This discussion clarifies aspects of the new I.T. method for salaried individuals. It addresses whether gratuity can be deducted under the new regime and explains the flexibility to switch between the old and new tax systems in subsequent financial years, as permitted by Section 115BAC.

You can opt for old system again in New Financial year

Sec 115BAC MENTIONS Taxation under new tax regime.

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