Assessment of structural behaviour of corrosion affected structures is an important issue, which would help in making certain decisions pertaining to the inspection, repair, strengthening, replacement and demolition of such structures. The paper presents formulations to predict the loss of weight and the loss of cross-sectional area of the reinforcing bar undergoing corrosion based on the earlier study carried out by the present authors (Bhargava et al. 2006). These formulations have further been used to analytically evaluate the ultimate bending moment and ultimate shear force capacity of the corroded concrete beams. Results of the present study indicate that, a considerably good agreement has been observed between the experimental and the analytically predicted values for the weight loss and reduction in radius of the corroded reinforcing bars. A considerably good agreement has also been observed between the experimental and the analytically predicted values of ultimate bending moment and ultimate shear force capacity for the corroded concrete beams.