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 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 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.
plz inform wht is the procedure fr getting such 100 n 150 rs coins..
what is the procedure for getting 150Rs coin please inform me through mail
Sir,
the procedure for getting ,10Rs &150Rs coin
One hundred and Fifty years of experience !! means lots of gained knowledge and opportunities for process improvements for the public money to optimum use and ease of tax processes for the public.
What is the procedure for obtaining Rs.150/- coin? & why only 200 coins issuing?
This is ridiculous ways of the Government’s behaviour. I don’t think such coins will have any utility. For mere celebration of 150 years of Taxation in India, it should rather issue coins of denominations which can be put in circulation, such as Rs. 5, Rs. 10 and a commemorative coin of Value Rs. 100 as being done hithertofore.
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.
Who will get to keep the 200 coins?
It is a good idea. I understand Govt has also thought of issuing coins for Rs 100, Rs. 75/- & Rs 50/-. Please intimate me the position and from where the coins of Rs 150 & Rs 5/- New series can be obtained