The invention provides a water-based alkali resistant paint, which comprises the following raw materials by weight: 40-60 parts of an organosilicon modified pure acrylic emulsion, 50-70 parts of water-based unsaturated polyester acrylate resin, 40-60 parts of waterborne polyurethane resin, 10-15 parts of triethylenetetramine, 11-14 parts of a film-forming assistant, 9-15 parts of a defoaming agent, 7-9 parts of a curing agent, 20-28 parts of an alkali-resistant emulsion, 10-13 parts of hydroxyethyl cellulose, 8-10 parts of a formaldehyde absorbent, 12-16 parts of titanium dioxide, 12-16 parts of talc powder, 18-25 parts of a pure acrylic emulsion, 2-4 parts of a preservative, and 30-40 parts of water. The water-based alkali resistant paint provided by the invention can adsorb formaldehyde and purify air, does not cause harm to human health, and is suitable for internal and external brick walls and the like. The paint contains alkali-resistant component, at the end of construction, the paint film has good effect, and efflorescence and floating are unlikely to appear, thus effectively preventing wall alkali efflorescence. Also, the water-based alkali resistant paint has strong adhesion and low VOC.