Personal Finance Earning Rs 9.5 lakh per annum? Here's how to pay zero tax Updated : February 21, 2019 11:02 AM IST With the changes proposed in the budget 2019 on the personal tax front, an individual with a gross total income up to Rs 9.50 lakh can now reduce his tax liability to NIL. You can claim deduction up to Rs 2 lakh for the interest component of your EMIs. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.