Hi Naveen
Daniel has given you a good explanation regarding time impact analysis but it is not that simple.
You should only use time impact analysis for work in progress.
If something has happened to hold up the work you need to put in a task that represents the delay period.
Save the file under a new name.
You should then link the delay to the delayed activities and reschedule to see what happens to the end date.
The method only works if you have a fully detailed bottom up programme that responds realistically to impacted events.
If your programme is full of FF SS Links - lead lags - constraints etc then you will get a misleading response.
Remember that the result is always theoretical and will change as circumstances change.
Best regards
Mike Testro