Prakaranapancika of Salikanatha is an important text of Prabhakara Mimamsa. Salikanatha who is a direct disciple of Prabhakara made distinct contribution to Indian Epistemology and linguistics. The concepts of Svaprkashatva of cognition, Triputikarana formula, Akhyati theory of perceptual error are some of his important contributions in the area of epistemology, whereas anvitabhidhanavada, a theory of sentence meaning, the concept of Karya i.e., Niyoga as the import of injunction, the inclusion of Pauruseya statements under the inference are considered as his important contributions in the field of linguistics. Nyaya and Bhafta Mimamsa strongly criticize all these concepts, but Vishistadvaita and Dvaita schools are a little friendly in some respects. We are sure that a study of Prakbhakara thought in the light of modern developments in the area of epistemology and linguistics will be fruitful.