The invention provides a preparation method for a fluorescent and transparent polycarbonate grating for an LED (light-emitting diode). The materials of the fluorescent and transparent polycarbonate grating for an LED are composed of polycarbonate, fluorescent powder, an antioxidant, a coupling agent and a light dispersing agent. The fluorescent and transparent polycarbonate grating for an LED is formed by performing the preparation processes of sieving, preparing, mixing, drying, matching with auxiliaries, mixing, banburying, forming, annealing, cutting, etching and the like on the composition materials. The fluorescent and transparent polycarbonate grating can be used for an LED lamp bead / lamp, for adjusting the colour temperature of the LED, and solving the problems of the glare of the LED, the non-uniform distribution of the traditional silica gel fluorescent powder, and the like. The problem of non-uniform coating of the fluorescent powder is effectively solved, so that the light-emitting efficiency, the service life and the light spectrum stability of the white-light LED are improved; and moreover, the fluorescent and transparent polycarbonate grating is relatively simple in structure and preparation process, high in reliability, low in cost, good in plasticity and capable of being widely applied to LED manufacturing, as well as opens up unprecedented flexibility and creativity for the field of light sources.