The invention relates to a music signal controlled PWM dimming and color modulating LED lamp, which comprises a music signal acquisition module, a signal processing module, a mobile phone APP module, a bluetooth communication module, a digital-to-analog converter, a PWM control module and an LED lamp, and is characterized in that the LED lamp is an RGB LED lamp, the mobile phone APP module is wirelessly connected with the bluetooth communication module, the bluetooth communication module is connected with the digital-to-analog converter, the digital-to-analog converter is connected with the PWM control module, the PWM control module is connected with the LED lamp, and the PWM control module adjusts the color and brightness of the LED lamp through changing the duty ratio of the LED lamp. The corresponding duty ratio of required LED light can be directly calculated in an inverted way through inputting a corresponding parameter according to an algorithm chip and circuit, and dynamic adjustment is performed on the color and illumination under the condition of adjusting the duty ratio. PWM dimming has the advantages that the dimming is more accurate, the color changes faster, the dimming color is brighter, and the dimming mode has more color changes than the traditional mode. Meanwhile, the lamp is low in heat generation, and the efficiency is higher.