Mr. X having Gross Salary of Rs. 7,00,000 during the previous year 2022-23. Compute the standard deduction allowable to him?

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..... Income Tax - Manuals - Ans. Standard deduction is allowable to the extent of : a) Rs. 50,000 or b) Amount of Salary, whichever is lower In this case standard deduction of Rs. 50,000 is all .....

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