1971 - Filmfare Best Actor Award for Sachcha Jhutha

1972 - Filmfare Best Actor Award for Anand

1973 - Special Award for Guest appearance for Anurag

1975 - Filmfare Best Actor Award for Aavishkaar

1990 - Special Award for twenty-five years in the film industry

2005 - Filmfare Lifetime Achievement Award

1971 – Bengal Film Journalists’ Association Award for Best Actor for Anand

1972 - Bengal Film Journalists’ Association Award for Best Actor for Bawarchi

1974 - Bengal Film Journalists’ Association Award for Best Actor for Namak Haraam

1987 - Bengal Film Journalists’ Association Award for Best Actor for Amrit

In 2001, Khanna was honoured with the Lifetime Achievement Award by Sansui Film Awards

In April of 2003, he had been chosen for the Maharastra state government’s Raj Kapoor Award. He had been chosen for his contribution to the film industry.

In January of 2004, he was honoured with the Star Screen Lifetime Achievement Award

In March of 2004, he has bagged the Bollywood Awards 2004's Lifetime Achievement Award and also received the Lifetime of Glamour award at the Kingfisher Bollywood Fashion Awards at USA.

He was awarded the "Pride of Film Industry" by the Stardust Awards on February 21, 2005.

He is the recipient of the “Outstanding Contribution to the Motion Picture Industry of India” Awards at the eighth annual Bollywood Movie Awards in Trinidad (Centre of Excellence) on June 10, 2006.

On February 4, 2006, he was awarded with "Yugantar Gaurav Puraskar".

He is a recipient of the "Glory of India Award" by IIAF, London.

He is a recipient of Dadasaheb Phalke Award.