We perform a detailed analysis of electronic polarizability of graphene with different theoretical approaches. From Kubos linear response formalism, we give a general expression of frequency and wave-vector dependent polarizability within the random phase approximation. Four theoretical approaches have been applied to the single-layer graphene and their differences are on the band-overlap of wavefunctions. By comparing with the textit{ab initio} calculation, we discuss the validity of methods used in literature. Our results show that the tight-binding method is as good as the time-demanding textit{ab initio} approach in calculating the polarizability of graphene. Moreover, due to the special Dirac-cone band structure of graphene, the Dirac model reproduces results of the tight-binding method for energy smaller than SI{3}{electronvolt}. For doped graphene, the intra-band transitions dominate at low energies and can be described by the Lindhard formula for two-dimensional electron gases. At zero temperature and long-wavelength limit, with the relaxation time approximation, all theoretical methods reduce to a long-wave analytical formula and the intra-band contributions agree to the Drude polarizability of graphene. Effects of electrical doping and temperature are also discussed. This work may provide a solid reference for researches and applications of the screening effect of graphene.
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