The Economic Times

Union Budget 2026: Govt should refrain from hiking income tax surcharge on super-rich, experts say

India Budget 2026: Tax experts advise the government against increasing income tax surcharges on the super-rich or reintroducing wealth tax in the upcoming budget. Such measures could prompt high-income earners to relocate to low-tax jurisdictions, potentially impacting job creation and investment. Experts suggest focusing on administrative efficiency and existing tax enforcement.