The invention discloses a novel method of using a novel extracting agent to extract scandium oxide from titanium dioxide waste acid. The method comprises the following steps of: S1, preparation of rawmaterials: preparing a titanium dioxide waste acid water raw material and a concentrated sulfuric acid raw material; S2, sulfuric acid dissolution: adding water and a concentrated sulfuric acid solution into titanium dioxide waste acid water, stirring and mixing; S3, precipitation: adding a flocculating agent into the mixed solution, performing precipitation, and filtering the after-precipitationsolution; and S4, washing: adding water, sulfuric acid and hydrogen peroxide into the filtered solution, mixing and stirring, adding hydrogen peroxide, and continuously stirring. According to the method, a new extraction method is carried out by adopting dioctyl phosphate and tributyl phosphate to replace a traditional old extracting agent; during extraction, the separation effect is better, therecovery rate is high, the scandium oxide can be further purified, the extraction rate is increased from about 60% to 85%, and the price of the dioctyl phosphate and the tributyl phosphate is low; andfurthermore, the added flocculating agent is cheap and practical, and the flocculating agent is non-toxic and high in flocculating capacity.