Should Budget 2024 concentrate on making the new income tax regime more lucrative?

Budget 2024 Expectations Tax Relief: As Budget 2024 approaches, individual taxpayers are eagerly awaiting potential changes to exemptions and deductions. The current government's focus on a simplified tax regime with minimal exemptions and deductions has led many to reconsider their expectations. Should taxpayers now look towards the New Tax Regime for relief instead? Traditionally, changes in exemptions and deductions have been key areas of interest.