The invention relates to nitrogen containing martensitic stainless steel for a cutting tool and a manufacturing method of the nitrogen containing martensitic stainless steel. According to the technical scheme, chemical components of the nitrogen containing martensitic stainless steel for the cutting tool comprise 0.45wt%-0.70wt% of C, 13.0 wt%-17.0wt% of Cr, 0.10wt%-0.25wt% of N, 0.50wt%-0.80wt% of Si, 0.40wt%-1.0wt% of Mn, 0.0015wt%-0.0065wt% of Ca, not larger than 0.20wt% of V, not larger than 0.025wt% of Nb, not larger than 0.025wt% of Als, not larger than 0.03wt% of Mo, not larger than 0.008wt% of P, not larger than 0.005wt% of S and the balance Fe and inevitable elements. Meanwhile, the above chemical components meet the condition that C+N is 0.60-0.85wt%. The manufacturing method ofthe nitrogen containing martensitic stainless steel for the cutting tool comprises the steps of vacuum induction smelting, normal-pressure nitrogen increasing, casting, casting blank heating, rolling,quenching and tempering. The nitrogen containing martensitic stainless steel has the advantages that the alloy components are simple, the process is simple and convenient, the production cost is low,and large-scale production is easy. The manufactured nitrogen containing martensitic stainless steel for the cutting tool is high in hardness and good in toughness.