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Which is taxable income (f.y.2018-19)

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(Querist)
07 July 2019 Dear Sir,/ Madam,
My Query about to Standard Deduction of 40,000, is that My Yearly Salary is 4,50,000 and I Paid LIC 25,000,
so which is my taxable income :
4,25000
OR after standard Deduction
385,000 (425000-40000)
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 July 2019 3,85,000......................

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