First principles calculations of the electronic and magnetic properties of Yttrium Chromite (YCrO3) are performed within generalized gradient approximation by ultrasoft pseudopotential with plane wave basis. Structural optimization revealed G-type antiferromagnet as the most stable structure for YCrO3. Electronic properties indicate that the material is an insulator and the introduction of Hubbard U parameter further increases the band gap from 1.43 eV to 1.64 eV. Using mean field approximation, the magnetic ordering temperature of YCrO3 is found to be 137 K which is close to the experimental value. © 2013 American Institute of Physics.