A method for manufacturing a thin cold rolled inner shield steel sheet for use in a braun tube is disclosed. With this method, a steel sheet with superior magnetic field shielding properties can be manufactured by carrying two steps of cold rolling without adding an expensive alloy element, and without using a special decarburizing facility such as OCA. The method includes the following steps. There is prepared a steel slab composed of, in wt %, 0.0025% or less of C, 0.05-0.25% of Mn, 0.05-0.15% of Si, 0.015 or less of Al, and a balance of Fe and other impurity elements. Then a hot rolling is carried out on the steel slab at a temperature of 910° C. or above. Then a first cold rolling is carried out, and a first annealing is carried out at above a recrystallization temperature. Then a second cold rolling is carried out at a reduction ratio of 25-45%.