Cash receipts

rajeev (accountant) (65 Points)

19 April 2017  

Sir, please tell me the upper limit of cash receipts from home tuition for f.y. 2017-18

can i receive 3,50,000-00 p.a.  from 15 students in f.y. 2017-18 (aprox. 2500 per student) bank interest income 90,000-00 p.a., what account I have to mainain, and which itr no. file. 

Thanks