A polarization multiplexing and transmitting apparatus generates polarization multiplexed light by multiplexing modulated signal components that having varying intensities and are in polarization states orthogonal to each other. The polarization multiplexing and transmitting apparatus includes a converting unit that converts light generated by a light source into signal components having a varying intensity synchronized with a clock signal input thereto and a varying intensity inversely synchronized with the clock signal, respectively; a modulating unit that modulates the signal components, respectively; and a polarization adjusting unit that orthogonalizes polarization states of the signal components.