Lately, the demand of multimedia product development is Increasing fastly, Storage and transmission of the digital image have become more of a necessity than a luxury these days, hence the importance of Image compression. Image data files commonly contain a considerable amount of information that is redundant and irrelevant leading to more disk space for storage. Image compression is minimizing the size in bytes of an image file without degrading the quality of the image to unacceptable level. Recent technological breakthroughs in high-speed processing units and communication devices have enabled the development of high image compression schemes. In this paper, we use Multi-level Compression where the image is compressed with Binary plane technique and then with Huffman Coding Technique, which yields better compression ratio than other compression techniques. This Paper also, consists of lossless and lossy compression results in a still image. The main objective of this Multi-level Compression is to show the better compression ratio than other compression techniques.