Let \(\mathbb {D}\) denote the open unit disc in the complex plane. Let \(\varphi (z)=z^m\) , and \(\psi (z)=z^{k_1}+z^{k_2}\) for all \(z \in \mathbb {D}\) , where \(k_1, k_2\) and m are positive integers. Let \(C_{\psi ,\varphi }\) , be the weighted composition operator on the weighted Hardy space \(H^2(\beta )\) , induced by \(\varphi \) and \(\psi .\) In this paper, we completely determine the point spectrum, spectrum and essential spectrum of the operators \(C^*_{\psi ,\varphi }C_{\psi ,\varphi }\) , \(C_{\psi ,\varphi }C^*_{\psi ,\varphi }\) , self-commutators of \(C_{\psi ,\varphi }\) and anti-self-commutator of \(C_{\psi ,\varphi }\) . Additionally, we determine the eigenfunctions corresponding to these operators.