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Rebate on 80c

Amit Vashist   17 January 2020

Amit Vashist

 26 points

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Is there any condition to pay emi of LIC in cash or cheque to take rebate in income tax.


ajeet singh   17 January 2020

ajeet singh

 33 likes  1087 points

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No restriction on mode of payment but u cant pay more than 2lac in cash

Rajesh Mehta   31 January 2020

Rajesh Mehta

 6 points

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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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