There is provided a torque detecting device for providing a highly accurate torque signal, and an electric power steering device using the torque detecting device. A torque sensor is provided with a first coil pair and a second coil pair, which detect a relative displacement between an input shaft and an output shaft by corresponding the relative displacement to a change in impedance. Magnetization signal generating units supply exciting currents with different magnetization frequencies to the first coil pair and a second coil pair, respectively. The magnetization frequency difference is set to 3.5 kHz or higher. Moreover, low-pass filters for intercepting passage of a frequency equivalent to the magnetization frequency difference are deployed in signal processing circuits respectively.