Budget 2026 Tax Update: New Standard Deduction Hike to ₹1 Lakh? Old vs New Regime Comparison - Business League
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2 Articles
Budget 2026 Tax Update: New Standard Deduction Hike to ₹1 Lakh? Old vs New Regime Comparison - Business League
It’s Saturday, January 24, 2026, and if you’ve been ignoring your tax planning because “Budget Day is still a week away,” it’s time to wake up. We’re officially entering the “Budget 2026” countdown, and the gossip from the finance ministry is all about one thing: the death of the Old Regime is being greatly exaggerated, but its successor is getting all the treats. The thing is, the government isn’t ready to pull the plug on the Old Tax Regime ye…
Budget 2026 Old Tax Regime: Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2026. Like every year, salaried and middle class taxpayers are eagerly watching the changes in income tax. But the biggest question is, will the government completely abolish the old tax regime in the future? Emerging signals ahead of the budget are giving further impetus to this debate. There are speculations that the government may anno…
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