A control device and a control method for an induction motor. The control device comprises: a magnetizing current adjusting unit used for calculating a magnetizing voltage instruction; a torque current adjusting unit used for calculating a torque voltage instruction; a flux linkage instruction angle generating unit calculating a flux linkage instruction angle according to a lower limit ω1th of a preset stator frequency, a stator frequency ω1, and a flux linkage estimation angle; and a motor stator voltage instruction calculating unit calculating, according to the magnetizing voltage instruction, the torque voltage instruction, and the flux linkage instruction angle, a stator voltage instruction for controlling a stator of the motor. The control system can be run outside an unstable area, and the stability of control by the control device is improved.