The invention provides a novel herbal formulation used for treating cough and cold. The Formulation(s) comprises of extract of Polygala crotalarioides, Piper peploides, Solanum xanthocarpum, Adhatoda vasica, Emblica officinalis, Terminacila chebula, Zingiber officinale, Piper longum, Piper nigram, Amomum subulatum, Elettaria cardamomum, Glycyrrhiza glabra, Eugenia caryophyllata and Sugar candy, Honey, Calcium Carbonate and a combination thereof. The formulation can be used as an emulsion for oral dosage forms.