A comparative study of economic analysis of tomato cultivation under conventional cultivation and drip irrigation with mulching has been conducted and presented in this paper. Numbers of studies are reported for economic analysis of but none of them is analyzed the economics of cultivation in details. They have just calculated the B-C ratio and payback period whereas in this study in-depth analysis of economics of tomato cultivation are done and presented herewith. Different parameters of economic analysis like Net Present Value (NPV), Benefit cost Ratio, and payback period is estimated to access the economic feasibility of tomato cultivation under conventional and drip irrigation with mulching. The Net present value, Benefit cost ratio and Payback period for tomato cultivation under conventional cultivation is Rs. 107120.42, 1.98 and 12 Months, respectively however, for drip irrigation with mulching, it is Rs. 365981.77, 3.14 and 5 months, respectively.