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Railway sector places an important role in the means of transportation and Rolling Contact Fatigue (RCF) is a growing problem in many situations. Present review focuses on analytical, numerical and experimental approach to the problem. Hertz Theory was applied firstly to calculate the curvature of ellipse of contact and the stresses governing rolling contact between wheel and rail. Following, the numerical FE analysis were implemented with the respective loads, boundary conditions and material properties. Finally, multiaxial fatigue tests were carried out and the results were compared to few critical plane models. The contact zone was studied for semi-elliptical shape, governed with multiaxial, out- of- phase state of stress with constant change in directions of principal stresses occurring due to rolling.