Cash limit ...!!

There is no such limit

There is no such limit for keeping cash at home....

Bt while calcualting wealth tax any cash excess/ above Rs 50000  will be considered as wealth and tax @ 1% on wealth above 30lakhs is to be paid.

When and hOW wealth Tax is Calculated??

There is no limit but when we calculate wealth tax,the limit is 50000. FOr wealth tax calculation we take into account varoious assets held by the assessee. Aslo assets are only as per Wealth tax and does not have generic meaning.