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    <title>Mr. X having Gross Salary of Rs. 7,00,000 during the previous year 2022-23. Compute the standard deduction allowable to him?</title>
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    <description>The standard deduction for salary income is the lesser of the prescribed fixed amount or the amount of salary; where gross salary exceeds the prescribed fixed amount, the full fixed amount is allowable and is deducted from salary for income tax purposes.</description>
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      <description>The standard deduction for salary income is the lesser of the prescribed fixed amount or the amount of salary; where gross salary exceeds the prescribed fixed amount, the full fixed amount is allowable and is deducted from salary for income tax purposes.</description>
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