The oxidative stress caused by free radicals is responsible for causing chronic diseases such as Diabetes Mellitus, Cardiovascular diseases and cancer. Phytochemicals are bioactive compounds present in plant foods which protects the body from the damaging effects of free radicals. Due to the beneficial effects of phytoconstituents in contributing to human health, scientists are exploring newer and cheaper sources of these bioactive compounds such as food industries by-products, agricultural bio wastes etc. The objective of the research study was to investigate the presence of various phytochemicals in the methanol and acetone extracts of Daucus carota (carrot) peel. Thin layer chromatography (TLC) was performed for both the extracts to detect the presence of active compounds. The phytochemical analysis of carrot peel showed positive results for Diterpenes, steroids, flavonoids, and phenolic acids in both the extracts. Saponins were present only in the methanolic extract of carrot peel.