Tax experts are advising the Indian government against increasing income tax surcharges on high earners or reintroducing a wealth tax in the upcoming 2026-27 Budget. They warn that such measures could prompt wealthy individuals to relocate to lower-tax jurisdictions, potentially hindering capital, talent, and job creation in India. While acknowledging revenue pressures, experts suggest these tax hikes might be counterproductive, impacting long-term investment and tax collections. Current surcharge rates vary based on income levels, with higher rates for those earning above Rs 5 crore.