I would like to ask you that tax exemption on payment of mediclaim premium is available only if the premium is paid by cheque?

I would like to ask that If the mediclaim premium is paid by cash and/or by pay order and obtained a stamped receipt from insurance providers, then this payment made to insurance company will be valid for claiming incomer tax exemption?

Please clarify.

Thanking you,

Y R RAOTOLE

Via email

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