In case any taxpayer has made any payment towards life insurance premium , for securing life insurance on the his own life, life of spouse and life of any child then the premium paid during the financial year for which return is filed, is to be claimed as deduction U/s 80C.
In order to enter deduction u/s 80C, follow the steps given below:
1. Go to Deductions screen
2.Click on 80C deduction, select " Life Insurance Premium " from the dropdown given
3.Enter the amount of investment made
4.Click on "Save".