The invention discloses an environmentally-friendly interior wall putty powder, a putty paste, and preparation methods of the putty powder and the putty paste. The putty powder comprises, by weight, 45-72 parts of talcum powder, 18-30 parts of heavy calcium carbonate, 5-10 parts of calcium bentonite, 0.6-1.5 parts of carboxymethylcellulose sodium, 1-5 parts of polyacrylamide, 0.3-1.7 parts of hydroxyethyl cellulose, 0-20 parts of building gypsum powder, 0-0.8 parts of carboxymethyl cellulose, 0-8 parts of alpha-pregelatinized starch, 0-3 parts of hydroxypropyl methyl cellulose and 0-0.5 parts of sodium dodecyl benzene sulfonate. The preparation method of the putty powder comprises the following steps: uniformly mixing the above components, stirring for 10-15min, and discharging the above obtained mixture. The putty paste is obtained by adding water having a weight 0.3-0.5 times the weight of the putty powder and uniformly stirring. The putty powder/putty paste contains no or a tiny amount of formaldehyde and an extremely low content of heavy metal elements, is an environmentally-friendly product, and has the advantages of excellent impact resistance, excellent hydrophobicity and waterproofness, high elasticity, good crack resistance, stable storage and easy construction.