Rebate on 80c

Is there any condition to pay emi of LIC in cash or cheque to take rebate in income tax.
Replies (2)
Quick Summary
This discussion explores the conditions for claiming an 80C rebate on LIC premiums paid via cash or cheque. It clarifies that while there are no payment mode restrictions for the rebate itself, cash payments exceeding £2 lakh may have implications. Additionally, it addresses whether premiums paid from a father's bank account for a policy where his granddaughter is the insured can be claimed under 80C.

No restriction on mode of payment but u cant pay more than 2lac in cash
Hi My Father Age is 82 yrs , he buy insurance policy on my mother (wife) name and in this policy grand daughter is Insured.Mother are Proposer and granddaughter are life insure in this case , any premium paid from my father Bank Account.

can he calim in 80 C ?

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