Budget 2026: TDS Overhaul, Old Tax Regime's Future Top Demands

• Union Budget 2026-27 may clarify the future of the old tax regime, with a potential sunset date.
• Around 80% of taxpayers have shifted to the new income tax regime due to its advantages.
• The old regime might gradually phase out as fewer taxpayers use it, but immediate discontinuation is unlikely.
• Official data shows 72% of ITRs for AY 2024-25 were filed under the new tax regime.
• Experts warn that abolishing the old regime could discourage tax-linked savings and personal risk mitigation.

Why It Matters: Budget 2026 likely to address TDS overhaul and the future of the old tax regime amid new regime's popularity.