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PW NewsDesk
Income tax benefit on payment of mediclaim premium in cash or by pay order
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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