The present invention provides a process for desulfurizing gasoline fraction by solvent extraction: introducing the gasoline fraction into an extraction tower at a lower-middle part thereof, introducing a solvent into the extraction tower at the top thereof, injecting saturated C5 hydrocarbon into a reflux device at the bottom of the extraction tower, wherein the gasoline fraction which is desulfurized flows out from the top of the extraction tower; the solvent that has extracted sulfide, aromatics and C5 hydrocarbon flows out from the bottom of the extraction tower, and is separated into a C5 hydrocarbon-containing light component, a sulfur-rich component, water and the solvent. The present invention also provides a process for deeply desulfurizing catalytic cracking gasoline, which flexibly combines the process described above and an existing desulfurization technology.