You're too kind with your praise - I don't deserve it!
Tips
culture
Chinese culture values modesty (谦虚). When complimented, saying 不敢当 shows humility. This is expected and appreciated, especially with elders or superiors.
usage
Similar humble responses include 哪里哪里 ('where, where' - meaning 'not at all') and 过奖了 ('you overpraise me').