Terminalia bellerica (Bahera) and Emblica officnalis (Amla) are well-known medicinal plants with enormous usage in Ayurvedic herbal formulation to treat various ailments like fever, diabetes and cancer. In the current study, we correlated the phenolic and flavonoids contents with antioxidant potential of the fruits of both species. Quantitative phytochemical analysis was performed to assess the total phenolic and flavonoids content in hydroalcoholic extract using Folin-Ciocalteau and aluminium chloride assay respectively. E. officinalis contained higher fraction of total phenol content as compared to the T. bellerica, i.e., 7.73 mg/g tannic acid equivalents and 2.43 mg/g tannic acid equivalents. However total flavonoids (TFC) appeared to be in similar frcations in both plant species. The study therefore suggested potentioal antioxidant potential for the plant species, keeping in the mind the fact that the fruits could be used as a source of natural antioxidant in food and pharmaceutical industry.