Budget 2026: Debates Continue Over Future of India's Old Tax Regime

As Budget 2026 approaches, discussions intensify over whether the Indian government will scrap the old tax regime. The new tax system, now the default, offers lower rates and simpler compliance, appealing to many taxpayers. However, about 28-29% still prefer the old regime due to benefits from deductions like HRA and Section 80C investments. Experts note that removing the old regime could disrupt long-term financial planning tied to tax-linked savings, making the decision complex.