How to enter to claim Life Insurance receipts while filing ITR?
If a taxpayer pays a life insurance premium to secure coverage for their own lives, the lives of their spouses, and the lives of any children, they may claim that payment as a deduction under section 80C for the financial year in which the return was filed.
The steps below must be followed in order to enter a deduction under Section 80C:
Step 1: Go to the Deductions screen
Step 2: Click on Common deduction, select " Life Insurance Premium " from the dropdown given and enter the amount of investment made
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