Budget 2024: 'Can't say if there will be a sunset', says Nirmala Sitharaman on old tax regime

Finance Minister Nirmala Sitharaman presented the first Budget of the Modi 3.0 government, introducing significant changes to the income tax structure. Notably, she revised tax slabs and increased the standard deduction limit under the New Tax Regime. However, the Old Tax Regime remains unchanged. After presenting the 2024 Union Budget in Parliament, she said, "Can't take a call on whether the old tax regime will be done away with. Can only say the intention is to make the tax regime simpler. Can't say if there will be a sunset on the old regime."