This chapter reviews some directions along which Craig’s proposal of subjective time as emergent from interoceptive and bodily dynamics allows to frame recent findings on prospective and retrospective time processing. Behavioral and neuroimaging evidence from prospective timing studies demonstrates that an interoceptive-insular system may support the development of a primary representation of time in the context of large-scale networks involved in duration processing. Studies showing a tight link between episodic memory and interoceptive, emotional, and sensorimotor states further provide insights on processes supporting retrospective timing. These lines of evidence show that acknowledging its dependence on bodily states is most likely a crucial step toward a mechanistic understanding of time perception.