Nirmala Sitharaman Union Budget 2026Be it under the political pressure or the much-needed reform to boost consumption, Nirmala Sitharaman last year went out of her way and appeased the masses. It benefited only those who opted for the new tax regime; those sticking with the old tax regime saw no changes in slabs, deductions, or exemptions. Will old tax regime be scrapped? Income Tax professionals think the Union Budget 2026 could offer clarity on whether the old tax regime will be gradually scrapped or allowed to coexist. Income Tax experts also expect simpler income tax rules, faster refunds, and fewer compliance issues.

Source: dna January 29, 2026 12:08 UTC