Union Budget 2026: Will Old Tax Regime Be Abolished? Experts Weigh In

• Finance Minister Nirmala Sitharaman will present her ninth consecutive Union Budget on February 1, 2026.
• Taxpayers currently have the option of choosing between the old and new tax regimes for ITR filing.
• The new tax regime offers benefits not available under the old regime, leading to speculation about its future.
• CA Siddharth Kejriwal suggests frequent tax system changes are inappropriate for long-term financial policies.
• The old tax regime is beneficial for those utilizing deductions like 80C and 80D, while the new regime suits those without significant tax-saving investments.

Why It Matters: Experts debate the future of the old tax regime ahead of Union Budget 2026, emphasizing consistency.