NEW DELHI: The Swadeshi Jagran Manch has expressed dissatisfaction over lowering of income tax rate applicable on high-net-worth individuals, saying the government should have revoked passports of the super rich leaving the country citing higher tax rate instead of giving them such a relief. SJM co-convenor Ashwani Mahajan noted that the Union Budget 2023-24, presented by Finance Minister Nirmala Sitharaman in Parliament on Wednesday, proposed to reduce the income tax rate from the current 42.74 per cent to 39 per cent applicable on high-net-worth individuals (HNWI) in a bid to stop them from leaving the country. “Many people are leaving the country due to various reasons, saying we will work in some other country because tax rates are high here,” Mahajan said. The government has proposed to provide relief to this segment of tax payers in a bid to stop them from leaving the country, he said.