Rs.150 in coin form soon | Higher denomication coins soon

Google+ Pinterest LinkedIn Tumblr +
For the first time in the country’s minting history, government will issue coins of Rs. 150, marking the number of years of taxation in India. The special coins, to be released by Finance Minister Pranab Mukherjee before his Budget speech, will also be brought out in Rs. 5 denomination on the occasion of completion of 150 years, from 1860 to 2010, of the Income Tax department.
This is the first time that coins of Rs. 150 denomination are being minted by the government. The Department of Economic Affairs under the Finance Ministry recently notified the order.
The Rs. 150 coin, made of an alloy of Silver, Copper, Nickel and Zinc, will have an international design with ‘Satyameva Jayate’ and ‘India’ on the front side while a portrait of ‘Chanakya and lotus with honeybee’ on the reverse side.
“The Income Tax department celebrated 150 years of taxation in the country last year and the these coins, especially the one in Rs. 150 denomination will be minted for the first time,” a senior I-T official said.
This indicates the value of higher denomination notes as well.
 
Share.

About Author

KnowInfoNow.com is a trusted financial resource with over 23 years of expertise, committed to providing essential insights for tax professionals, taxpayers, and the general public. Our platform is designed to simplify financial management and empower individuals to make informed decisions in their daily financial lives. We welcome guest authors, bringing diverse perspectives and specialized knowledge on a range of relevant topics to enrich our content. Whether you're looking for expert tax advice or tips on personal finance, KnowInfoNow.com is your go-to source for practical, up-to-date guidance.

Leave A Reply