“Here is what I as an SEBI Registered Investment Advisor think government should focus on: Simplifying the new tax regime by integrating key deductions such as housing loan interest, medical insurance under Section 80D (raised to Rs 50,000 for self/family and Rs 1 lakh for seniors), and a potential 25% slab for Rs 30-50 lakh earners would ease compliance burdens and provide equitable relief amid rising living costs. These changes would empower families to allocate more towards productive investments rather than litigation-prone structures.
Enhancing retirement savings deductions and incentives for green projects or AIFs in GIFT City aligns with sustainable, long-term strategies tailored for HNIs. Rationalising surcharges, extending tax-neutral LLP reorganisations, and clarifying TDS on partners remuneration would streamline family office operations, fostering smoother wealth transfers across generations. Family-centric boosts, like higher allowances for elderly and child care, address demographic shifts, unlocking productivity for working professionals.
Overall, these measures could catalyse private capital into nation-building while reinforcing India’s appeal as a wealth management hub. The government has a pivotal opportunity to balance fiscal prudence with progressive reforms that sustain investor confidence and economic momentum.”
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