Values and Ethics are the important concept in human life. It describes human behavior, his way of thinking, his way of dealing with other human beings and even with non human things. They are the foundation of the culture. Values have always been a fundamental subject matter in both philosophy and the social sciences. Statements about what is good or bad, fair or unfair, legitimate or illegitimate, express clear beliefs about human existence. The Origin of Values, Raymond Boudon offers experiential, data-based study of existing theories about values, while developing his own point of view as to why people accept or reject value statements. Religion is one of the oldest foundations of ethics. Religion use varying influences across various sects of people. It is believed that ethics is a manifestation of the divine and so it draws a line between the good and the bad in the society. Values and Ethics are those fertilizers which provides the essential nutrients to human behavior , on individual and social level. This research paper explains the concept of values and ethics right from its emergence. Various types, importance , aim of values and ethics are included in this research paper.