The invention discloses a planetary reducing structure of a bevel wheel of a steering drive axle. The structure comprises a thrust bearing(18), a spring (17), a bell-shaped hub (1), a planetary bracket (27), a thrust washer (28), a helical tooth gear ring bracket (26), a kingpin (4), a space ring (2), a fixed steel wire ring spring (6), an adjusting pad (11), a retainer ring (13), a helical toothsun wheel (21), a helical planetary gear (3), a helical internal tooth gear ring (5) and a helical tooth gear ring bracket (26). A straight tooth planetary reducing mechanism is optimized, and meanwhile, a steering function is added to the helical tooth planetary reducing mechanism, so that the axial fore is overcome effectively. Meanwhile, the axial force is converted into a force of rolling friction effectively, so that the power loss is reduced, and furthermore, the helical planetary reducing mechanism of the drive axle with the steering function is additionally arranged.