A braking system for controlling braking of a machine is disclosed. The braking system includes a first set of sensors to detect a first set of information indicative of operational characteristics of an engine and a transmission system. The braking system includes a second set of sensors to detect a second set of information indicative of a load of the machine and a profile of a work surface. The braking system includes a receiving unit to receive a third set of information indicative of a predefined route of the machine. The braking system includes a controller configured to control an actuator for opening and closing of an exhaust port for engine braking, and to control a valve for achieving a predetermined gear-ratio during the engine braking, based on the first set of information, the second set of information, and the third set of information.