1. Create a new file. Create a new layer. Draw the Elliptical button and fill it with the color shown in the figure.
2. Layer > Layer Style > Bevel and Emboss
Change the settings according to the following figure.
Please remember to change the size to 49
Gloss Contour to Ring - Double.
Click Drop Shadow also.
3. You will get the following result.
More Tutorials: 
