For the first time in India's minting history, the Union Government decided in February 2011 to mint coins of Rs. 150 denomination to mark the number of years of taxation in India. The special coins will also be brought out in five-rupee denomination on completion of 150 years, from 1860 to 2010, of the Income Tax department. The Department of Economic Affairs under the Finance Ministry has notified the order to mint coins of Rs. 150 denomination for the first time.
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 and a portrait of Chanakya and lotus with honeybee on the reverse.
The Rs. 5 coins will also be minted in the same fashion. While 200 coins will be minted in Rs. 150 denomination, 100 such coins of Rs. 5 will be issued.
The Income Tax Department celebrated 150 years of taxation in the country in 2010.
.jpg){kind=logo}
Comments
All Comments (0)
Join the conversation