The various embodiments herein provide a method and system for parallelizing packet processing in wireless communication. The method comprises of creating, between an UE and a base station a plurality of radio bearers for carrying data packets of an Evolved Packet System (EPS) bearer, processing the data packets of the EPS bearer associated with the radio bearers by a transmitter using a first set of processing functions, distributing the processed data packets of the EPS bearer to the associated radio bearers, processing the data packets distributed of the EPS bearer in parallel by independently using a second set of processing functions, transmitting the processed data packets of each radio bearer to a receiver, receiving the data packets over a physical channel by the receiver and processing the received data packets of the EPS bearer associated with the radio bearers by the receiver.