Is the tax exemption limit increasing this year after last year’s ₹12 lakh benefit? Will there be major changes between the Old Tax Regime and the New Tax Regime? With Budget 2026 just around the corner, it’s time to understand the expectations, possibilities, and key trends. In this video, we break down the differences between the old and new tax systems, who benefits from each, and what the government might do to make taxation simpler and more user-friendly. The Old Tax Regime offers multiple deductions under sections like 80C, 80D, HRA, and LTA, which can significantly reduce taxes for regular investors, while the New Tax Regime simplifies tax slabs, removes most exemptions, and provides a straightforward system for those who prefer ease over deductions. We also discuss how the government plans to make the new regime more attractive, ensure compliance, and possibly adjust benefits for middle-class salaried individuals. If you’re curious about whether the Old Tax Regime might be phased out, what advantages the New Tax Regime holds, and what Budget 2026 could mean for you, this video has all the insights you need!
