I want any simulator that i can use as virtual machine to test my romimage without burning it in to actual chip.
I there is any such software or alternative .
Not really. Doing this is very difficult. Since to have an emulator up and running you already have chips that have been initialized and in a lot of cases you can't tell if your code really did what it was suppoed to do.
You might want to look at bochs or vmware both of those packages can be fed a bios image. But I don't think they will be that useful for the chip init phase of things.
Burning flashes is just one of the things you have to accept in the BIOS developement world. A good ROM emulator helps a _lot_ but only if you have a board that has a replaceable flash.