We experience a flow of time in everyday life. However, according to modern physics, time does not flow. In the psychology and neuroscience literature, different models and explanations have been made to try to answer the question of what time is besides an illusion of flow and to figure out how time is perceived. Different methods have also been used to learn how time is handled and to test how accurate these models are. People process time in two ways: implicitly and explicitly. We are talking about explicit timing when estimating the time interval length. Another distinction, according to the measurement method of time perception paradigms, is between prospective and retrospective time estimations. Although there are theorists who claim that these two methods involve similar cognitive processes, it is thought that different cognitive processes serve to experience and remember a time, depending on whether time perception is measured by the prospective or retrospective time estimation methods. This brings to mind different method-dependent constraints and advantages. As with any other kind of perception study, the method chosen for time perception research should fit the question being asked. This review presents a selective review of time perception studies to make it easier for a researcher planning to study time perception to choose the appropriate method for the study question. The time perception processes and related evidence were examined using prospective and retrospective time estimation measurement methods. But it's important to note that the time perception models and methods talked about in this review are only a small part of a very large field.