The philosophy of Wavkara, the main exponent of the Hindu Advaita Vedanta school, may be said to represent a religious-philosophic approach of immanent transcendence. The approach starts from our empirical consciousness and seeks, through dissolving our unreal impositions of intellect, to attain to the pure consciousness deeply immanent within us, which is nothing but the ever-free state known as moksa. The present paper resorts to Wavkara’s key works, Brahmasutra-Wavkarabhasya and Upadewa Sahasri, to investigate into his views concerning the structure and functioning of individual consciousness and its transcendence in order to reveal the role the notion of consciousness play in Wavkara’s philosophy.