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ABSTRACT In our personal life as well as future careers, education is of most important. It is due to the dedication of teachers, prosperity and success of education goals is possible. To make the journey of teaching learning successful efforts of both students and teachers are undoubtedly of great significance. The most important objective of teaching- learning process is attainment of educational objectives, which means to inculcate the students with such behavioural changes that were expected before hand at the proactive stage of teaching. To judge the extent to which teaching learning objectives has been achieved there is need to evaluate the performance of teachers and students as well. Evaluation is like a controlling function of management which helps to track whether the process is going in planned manner or not and if not, finding the reasons so that the train of performance can be put back to the track of planning. In this paper we have discussed the changes that took place with the NPE 2020, in evaluation of teaching learning process. NEP 2020, put great focus on the evaluation of teaching learning process. In this paper the focus is made to understand why the evaluation is important in teaching learning process and the methods adopted to evaluate the teachers ae well as students. The study throws light on the concept of evaluation from the point of view of teacher and student. The study also describes the 360 Degree Evaluation and PARAKH which is proposed in NEP 2020. It was observed that there is great need for change in teaching learning evaluation process. In this paper efforts are made to make reader understand the benefits of evaluation.