I found good blog for image handling in IOS. It is good and they explained well. Please refer the link.
http://blogs.innovationm.com/image-handling-in-ios/
http://blogs.innovationm.com/image-handling-in-ios/
CGRect rect = CGRectMake(0,0,75,75);
UIGraphicsBeginImageContext( rect.size );
[image drawInRect:rect];
UIImage *picture1 = UIGraphicsGetImageFromCurrentImageContext();
UIGraphicsEndImageContext();
NSData *imageData = UIImagePNGRepresentation(picture1);
UIImage *img=[UIImage imageWithData:imageData];