The present invention discloses a photosensitive resin composition for black matrix, which shows no undercut after development. The photosensitive resin composition comprises (A) an alkali-soluble resin, (B) a photopolymerizable monomer, (C) a photoinitiator, (D) a solvent, and (E) a black pigment; wherein the alkali-soluble resin (A) comprises a functional group having a general formula (a-1);
(each R is independently H, linear or branch alkyl of C1-C5, phenyl, or halogen.) wherein a photoinitiator having a general formula (c-1)
(Z1 is selected from the group consisting of Ra, Rb—S, Rc-O, wherein each of Ra, Rb, Rc is independently H, alkyl or aryl; Z2 is H, alkyl of C1-C4, or halide.), wherein the moisture content of said photosensitive resin composition is less than 3,000 ppm, and the optical density value of said black matrixis is greater than 4.0.