The aim of the present study is to develop new and improved wheat varieties with the help of heritability and genetic advance. In order to fulfill the aim of this study, a field experiment was conducted at C.S. Azad University of Agriculture and Technology, Kanpur. The high estimates of heritability were observed for days to maturity, plant height, number of productive tillers per plant, number of grains per spike, 1000-grain weight (g), grain yield per plant (g), harvest index (%), and protein content (%) in both F1 and F2 generations. In most of the characters, high heritability was accompanied with moderate genetic advance. Moderate value of heritability was recorded for biological yield per plant in both generations; days to 75% heading and number of spikelets per spike was in F2 generation, mostly accompanied with low genetic advance. The low heritability was observed for spike length in F2 generation which was also accompanied with low genetic advance in both generations.