The invention relates to a polyolefin composition, particularly to a thermo-oxidative-aging-resistant impact-resistant polypropylene composition and a preparation method thereof. The composition comprises the following raw materials: 88 to 97 parts of a polypropylene powder resin, 3 to 12 parts of metallocene linear low density polyethylene mLLDPE, 0.05 to 0.1 part of an antioxidant A, 0.05 to 0.1part of an antioxidant B, 0.03 to 0.07 part of a degradation agent, 0.02 to 0.08 part of an antistatic agent, and 0.02 to 0.1 part of an acid absorption agent, wherein the sum of the polypropylene powder resin and the metallocene linear low density polyethylene mLLDPE is 100 parts, the antioxidant A is mercaptan acrylate and has the number-average molecular weight of 1305, and the antioxidant B is tri(2,4-di-tert-butylphenyl) phosphite, and has the number-average molecular weight of 647. The preparation method comprises the following steps: uniformly mixing the raw materials, and carrying outtwin-screw extrusion granulation to obtain the polypropylene composition with good heat resistance, good impact resistance and good flowability.