An analytical method is presented to estimate lateral shear strength (and identify likely mode and location of failure) in reinforced concrete (RC) cantilever columns of rectangular cross-section under combined axial force, shear force and bending moment. Change in shear capacity of concrete with flexural demand at a section is captured explicitly and the shear resistance offered by concrete estimated; this is combined with shear resistance offered by transverse and longitudinal reinforcement bars to estimate the overall shear capacity of RC columns. Shear–moment (V-M) interaction capacity diagram of an RC column, viewed alongside the demand diagram, identifies the lateral shear strength and failure mode. These analytical estimates compare well with test data of 107 RC columns published in literature; the test data corresponds to different axial loads, transverse reinforcement ratios, longitudinal reinforcement ratios, shear span to depth ratios, and loading conditions. Also, the analytical estimates are compared with those obtained using other analytical methods reported in literature; in all cases, the proposed method gives reasonable accuracy when estimating shear capacity of RC columns. In addition, the method provides insights into the shear resistance mechanism in RC columns under the combined action of P-V-M, and it is simple to use.