Modern times demand taxonomically organized, precise, easily transferable & quickly understandable form of Indian Knowledge System (IKS). It is also necessary to safeguard the indigenous knowledge. For any subject, taxonomy plays a critical role. There is a need to revive & recreate IKS based taxonomy. This paper mostly caters to Vedas-Yog-Philosophy. The aim of this paper is to initially create IKS based standard taxonomy & then display its use through few examples. The study has used integral research approach with mixed tools including mathematical models. The revised & newly created resultant Annexure & related formulas/diagrams has aided to simplify, make precise & compare IKS based concepts. It has tried to establish IKS at par with modern science. It can prove to be powerful knowledge transfer tool for the IKS related studies. Also it can help in safeguarding the purity & preciseness of the IKS. To standardize this taxonomical protocol further research can be done.