A method for identifying touch object on a touch panel has steps of (A) reading m capacitance variations on a first direction, wherein the m capacitance variations respectively correspond to m sensed units of the touch panel; (B) determining whether a difference between the capacitance variation of a kth sensed unit and that of another sensed unit exceeds a preset noise ripple, wherein k is equal to or smaller than m, m is a positive integer; (C) determining whether the capacitance variation of the kth sensed unit exceeds those of the adjacent sensed units; and (D) determining a touch stylus touched on the touch panel when the difference exceeds the preset noise ripple and the capacitance variation of the kth sensed unit exceeds those of the adjacent sensed units. Accordingly, the method can correctly identify a range touched by a stylus from the sensed signals combined with LCM noise signals.