The invention relates to a preparation method for flaky carbonyl iron powder with high magnetic permeability, and belongs to the field of magnetic wave absorbing materials. The method comprises the following steps: 1, carrying out a primary ball milling process: at a room temperature, weighing 100-150 g of steel balls with a diameter of 3-6 mm, 5-10 g of carbonyl iron powder, and 0.01-0.1 g of a surfactant calcium stearate, measuring 30-50 ml of an organic solution, adding the materials and the solution to a 100 ml ball mill tank, and carrying out ball milling in a planetary type ball mill; 2, washing the carbonyl iron powder with the primary ball milling three times by using ethanol, and carrying out blow-drying at a room temperature or carrying out rapid drying at a temperature of 50-70 DEG C; 3, carrying out a secondary ball milling process: mixing the dried carbonyl iron powder and steel balls with a diameter of 3-6 mm according to the ratio of the primary ball milling process described in the step 1, and then carrying out ball milling for 2-10 minutes at a speed of 400-600 rotation/min; and 4, cooling the ball milling tank, and then separating the iron powder and the steel balls to obtain the flaky carbonyl iron powder sample. The process of the preparation method of the present invention is simple. With the preparation method of the present invention, a dielectric property is not changed while high magnetic permeability is provided.