We present a comprehensive photometric analysis of a young open cluster NGC 1960 (M36) along with the long-term variability study of this cluster. Based on the kinematic data of Gaia DR2, the membership probabilities of 3871 stars are ascertained in the cluster field among which 262 stars are found to be cluster members. Considering the kinematic and trigonometric measurements of the cluster members, we estimate a mean cluster parallax of 0.86+/-0.05 mas and mean proper motions of mu_RA = -0.143+/-0.008 mas/yr, mu_Dec = -3.395+/-0.008 mas/yr. We obtain basic parameters of the cluster such as E(B-V) = 0.24+/-0.02 mag, log(Age/yr)=7.44+/-0.02, and distance = 1.17+/-0.06 kpc. The mass function slope in the cluster for the stars in the mass range of 0.72-7.32 M_solar is found to be gamma = -1.26+/-0.19. We find that mass segregation is still taking place in the cluster which is yet to be dynamically relaxed. This work also presents first high-precision variability survey in the central 13x13 among which 72 are periodic variables. Among them, 59 are short-period (P<1 day)and 13 are long-period (P>1 day). The variable stars have V magnitudes ranging between 9.1 to 19.4 mag and periods between 41 minutes to 10.74 days. On the basis of their locations in the H-R diagram, periods and characteristic light curves, the 20 periodic variables belong to the cluster. We classified them as 2 delta-Scuti, 3 gamma-Dor, 2 slowly pulsating B stars, 5 rotational variables, 2 non-pulsating B stars and 6 as miscellaneous variables.
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