Takshashila is considered a place of religious and historical sanctity by Hindus and Buddhists. The former do so not only because, in its time, Takshashila was the seat of Vedic learning, but also because the strategist, Chanakya, who later helped consolidate the empire of Emperor Chandragupta Maurya, was a senior teacher there. The institution is very significant in Buddhist tradition since it is believed that the Mahāyāna sect of Buddhism took shape there.
Some scholars date Takshashila's existence back to the 6th century BCE. It became a noted centre of learning at least several centuries BCE, and continued to attract students from around the old world until the destruction of the city in the 5th century CE. Takshashila is perhaps best known because of its association with Chanakya. The famous treatise Arthashastra (Sanskrit for The knowledge of Economics) by Chanakya, is said to have been composed in Takshashila itself. Chanakya (or Kautilya), the Maurya Emperor Chandragupta and the Ayurvedic healer Charaka studied at Taxila.
Generally, a student entered Takshashila at the age of sixteen. The Vedas and the Eighteen Arts, which included skills such as archery, hunting, and elephant lore, were taught, in addition to its law school, medical school, and school of military science.