Efforts have been made in the present work to delineate the philosophy of Smrti-texts in a systematic and lucid manner to derive as to what has been eternally valuable in the ancient heritage of India. An endeavour has been made to highlight the philosophical speculations found interspersed with social, political, legal and economic aspects rather than studying the Smritis from a historian's point of view or from a critical angle. It is evident that Indian philosophy germinates from the Vedas, finds its growth in the Brahmanas and Upanisads and finally culminates in different systems.