Poly (lactic acid) (PLA) is a promising thermoplastic aliphatic polyester to replace petroleum-based polymers in many fields. However, its flammability has limited its application in areas where fire safety is crucial. Chitosan (CS) is a type of natural alkaline polysaccharide with abundant content and good biocompatibility. In this study, a bio-based flame-retardant phosphating chitosan (PCS) was prepared and the effects of PCS on the flammability, mechanical and thermal properties of PLA were evaluated. The limiting oxygen index (LOI) of PLA/PCS blend containing 9 wt% PCS reached 28.9% which was relatively higher than LOI of pure PLA of 20% and passed UL-94 V-0 rating. PCS accelerated the carbonization of PLA matrix, and increased the char residue at 800°C. The combustion process was further investigated by cone calorimeter test, and the peak heat release rate and total heat release were significantly decreased. X-ray photoelectron spectrometer and thermogravimetric-infrared analysis were used to analyze the composition of char residue and pyrolysis products, which further confirmed that the flame-retardant mechanism of PCS was the combination of condensed phase and gas phase. However, the mechanical properties of PLA/PCS blend inevitably decreased with increasing of PCS content.