Objective: The present study was undertaken for preliminary screening of phytochemicals as well as quantification of phenol, flavonoid and tannin by using different solvent extracts of leaf and rhizome of Maranta arundinacea L. Methods: The leaf and rhizome were extracted by using different solvent systems like aqueous, methanol, ethanol and hexane. Phytochemical screening and its quantification were characterized by using standard protocols. Results: Both leaf and rhizome extracts showed the presence of phenols, flavonoids, tannins, alkaloids, steroids, terpenoids and glycosides. The ethanolic extracts showed the maximum content of phenolics, flavonoids and tannins followed by methanolic, aqueous and hexane extracts. The total phenolic content varies from 05.35±0.15 to 20.10±0.22 mg GAE/ g whereas, flavonoid is 01.01±0.05 to 04.36±0.14 mg RE/ g and tannin content is 08.08±0.19 to 50.12±0.24 mg GAE/ g of dried samples of leaf and rhizome with incorporation of various solvent extracts. Conclusion: From the results of the present study, it is concluded that the ethanolic extracts of rhizomes and leaves of M. arundinacea are the best sources of phytomedicine.