Chennai, February 27, 2011: The Central Government minted commemorative coins in the denominations of Rs. 150 and Rs. 5 to commemorate 'Income Tax - 150 Years of Building India'. Union finance minister Pranab Mukherjee released the commemorative coins on February 26, 2011. According to news reports Mr. Mukherjee said: "The coin of Rs. 150 denomination is the first such coin in India and this itself makes this occasion a momentous occasion to remember. I hope that the Income Tax Department would shine in its glory ...".
What is unique in the coins is the picture of a honey bee on a lotus flower. Chanakya, who was adviser to the first Mauryan emperor Chandragupta, from 340 BC to 293 BC, and known for his treatise - the Arthasastra, and whose portrait is by the side of the honey bee on the coins, represents his famous lines: " ... ideally, governments should collect taxes like a honey bee, which sucks just the right amount of honey from the flower so that both can survive ...".