The present work deals with countercurrent extraction studies on the partitioning of uranium, neptunium, and plutonium using 30% tributyl phosphate (TBP) from simulated high level waste solution generated during reprocessing of spent uranium fuel from pressurized heavy water reactors. The oxidation states of neptunium and plutonium were adjusted either by 0.01 M potassium dichromate or 0.01 M dioxovanadium ion. Neptunium and plutonium, extracted in the TBP phase, were stripped together using a mixture containing 0.05 M ascorbic acid and 0.25 M hydrogen peroxide in 2.0 M nitric acid solution. Although dioxovanadium ion is more effective for proper adjustment of the oxidation states of plutonium and neptunium, subsequent recovery of these actinides from loaded TBP is better if potassium dichromate is used for the valency adjustment. Results of the stagewise analysis of extraction and stripping of actinides using mixer-settlers are presented.