Disclosed subject matter relates to digital media including a method and system for generating a contextual audio related to an image. An audio generating system may determine scene-theme and viewer theme of scene in the image. Further, audio files matching scene-objects and the contextual data may be retrieved in real-time and relevant audio files from audio files may be identified based on relationship between scene-theme, scene-objects, viewer theme, contextual data and metadata of audio files. A contribution weightage may be assigned to the relevant and substitute audio files based on contextual data and may be correlated based on contribution weightage, thereby generating the contextual audio related to the image. The present disclosure provides a feature wherein the contextual audio generated for an image may provide a holistic audio effect in accordance with context of the image, thus recreating the audio that might have been present when the image was captured.