The stories of Panchtantra are very old. They were originally written in Sanskrit. They are a collection of short stories which are not only interesting to read, but also the best guide to instil moral values among children. Every story imparts a moral value. That is why they are read with great interest by readers of all age groups. The word Panchtantra is a combination of two words: 'pancha' means 'five' and 'tantra' means 'practice' or principles of conduct. So, Panchtantra depicts nitishastra (wise conduct of life) through stories mainly of animals which children love to read. We are presenting a collection of interesting tales from Panchtantra with colourful illustrations. We hope our young readers would enjoy reading these stories.