This article is concerned with the study of frictionless contact between a rigid punch and a transversely isotropic elastic layer. The rigid punch is assumed to be axially symmetric and is being pressed towards the layer by an applied concentrated load. The layer is resting on a rigid base and is assumed to be ufficiently thick in comparison with the amount of indentation by the rigid punch. The relationship between the applied load $P$ and the contact area is obtained by solving the mathematically formulated problem through use of Hankel transform of different order. Effect of indentation on the distribution of normal stress at the surface as well as the relationship between the applied load and the area of contact have been shown graphically.