Cash limit is Rs. 2,00,000 for a single transaction. So Pharmacy bill can be paid fully in cash and hospital bill only 1.5 lakhs can be paid because pharmacy bill and hospital bill, both are related to a single transaction/event.
Section 269ST comes into picture here.
269ST. No person shall receive an amount of two lakh rupees or more—
- in aggregate from a person in a day; or
- in respect of a single transaction; or
- in respect of transactions relating to one event or occasion from a person,
otherwise than by an account payee cheque or an account payee bank draft or use of electronic clearing system through a bank account or through such other electronic mode as may be prescribed.