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How much is the value of 500000 Turkish lira of the year 1970 in the year 2011 in Indian rupees? I think u get about 1 Crore and 46 Lacs. As on 2012 its 1 Crore and 40 Lacs, but I think old notes ... Whether it is "one lakh ", "two lakh " or "fifty lakh ", the word is written in singular and not in plural. Please note that the word " lakh " takes the singular form but the word following " lakh ... Both lakh and lakhs can be plurals used in the Indian numbering system, where a lakh is 100,000 (1 x 105). You would have to consult the prevailing practice at the specific operation, publication ... Large amounts of Rupees are expressed in LAKH RUPEES or CRORE RUPEES. A Lakh Rupee is One Hundred Thousand RUPEES. A CRORE RUPEE Ten Million RUPEES. So, 5 LAKH is = 5 x 100,000 = 500,000.