The invention relates to a compound air filter material and a method for preparing the same. The composite air filter material used for filter bags comprises a protective layer, a deodorizing layer and a filter layer, wherein the protective layer and the filter layer are compounded on two side faces of the deodorizing layer respectively; the protective layer is made of wood pulp fiber filter paper, spun-bond non-woven fabric or spun-lace non-woven fabric, and the gram weight of the material of the protective layer is 10 to 200g/m; the deodorizing layer is made of one of active carbon, zeolite , sodium bicarbonate, magnesium aluminum silicates and silica gel or a mixture of any two of the wood pulp fiber filter paper, the spun-bond non-woven fabric and the spun-lace non-woven fabric, and the gram weight of the material of the deodorizing layer is 10 to 300g/m; and the filter layer is made of melt-blown non-woven fabric, wood pulp fiber filter paper or SMS non-woven fabric, and the gram weight of the material of the filter layer is 10 to 100g/m. The compound air filter material has high filtration efficiency and deodorization efficiency, low filtration resistance and high dust capacity.