The invention relates to an underground percolating water treatment plant, comprising a water inlet pipe, a purified water outlet pipe, an aeration bucket and a filtering jar; wherein the aeration bucket and the filtering jar are buried underground, the filtering jar comprises a pressurized water pass room, a filter material layer and a water purification room from top to bottom; a decompression plate is arranged between the pressurized water pass room and the filter material layer, the side wall is communicated with the water inlet pipe, the top is communicated with a back washing discharge pipe, the lower part of the filter material layer is provided with a bearing filter plate; the middle of the filtering jar is fixed with a charging hole flange provided with an observing window, the bottom of the filtering jar water purification room is communicated with the aeration bucket, the aeration bucket is an umbrella top, the umbrella top is connected with an air inlet pipe and a cylinder which are symmetrical, the mouth part of the cylinder is connected with an air outlet pipe, the interior of the aeration bucket is provided with an aeration tube, the upper end of the aeration tube is provided with an aeration water separator, a water purification outlet pipe penetrates the aeration bucket to be communicated with the water outlet at the lower end of the aeration tube, the aeration tube is arranged at the center of the aeration bucket, annular space thereof forms the water purification room, and the upper end of the back washing discharge pipe and the interior of the water purification room are respectively provided with a water level sensing head. The invention has low delivery lift, high flow, low comprehensive cost and wide application field and is energy-saving and efficient.