Hemoglobin is the main component of red blood cells and transports oxygen throughout the body. It is composed of four protein subunits and iron. Various methods can be used to estimate hemoglobin levels, including visual colorimetric methods like Sahli's method, photometric methods like cyanmethemoglobin, and specific gravity testing. The cyanmethemoglobin method is currently recommended, as it converts all forms of hemoglobin except sulfhemoglobin to cyanmethemoglobin, which can then be accurately measured spectrophotometrically. Estimating hemoglobin levels provides important information about oxygen carrying capacity and anemia diagnoses.