A conceptual design on the link budget of TC&R RF subsystem which transfers command and telemetry data as RF signal between the ground system and the 2005SAT spacecraft is presented in this paper. In order to perform the analysis of the link budget, we divided the analysis process into two processes, i.e., uplink and downlink process. For the uplink the power flux density at the spacecraft and the margin of the command receiver are calculated. In the case of the downlink the downlink EIRP and the margin of C/ No and Eb / No at the ground station are calculated. Through the uplink performance analysis, the power at the command receiver has well efficient margin, and the margin of C/ No and Eb / No is also fully proper for the downlink case.