The word “Veda” has the derivational meaning i.e, the fountain head and illimitable store-house of all knowledge. This means and implies that the Vedas contain within themselves all the knowledge required by mankind for the achievement of all round, complete and perfect success and able to throw the fullest necessary light on all matters which any aspiring seeker after knowledge can possibly seek to be enlightened on. Vedic Mathematics was not known to the world till it was rediscovered by Swami Bharathi Krishna Tirtha (1884-1960). The approach of Vedic Mathematics in learning Mathematics makes enjoyable and pleasant with the help of ultra easy 16 sutras and 13 sub - sutras contained in the parisista of Atharva Veda. The list of 16 sutras along with their meaning is tabulated in this paper. An attempt is made in this paper to describe about the significance and applications of Vedic Mathematics in the day-to-day life.