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Calculate Tax from Weekly Tax Table?

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    Question Calculate Tax from Weekly Tax Table?

    Hi guys,

    First post here but I love the power and flexibility of excel and have recently started tracking my financials and have hit a snag in some automation.

    I was wondering if there was a formula (simple or complex) that allowed me to calculate the amount of tax that would be taken from a weeks pay.

    I mention the weekly tax table as I do not earn a salary (Shift work unfortunately) and I lose money to tax by varying amounts each week dependent upon total amount earned. Is there a way to do this? Would I be required to import the tax table into excel (see attachments - page 5/6/7) - the only things that really relate to me are $357 (as that's just before tax is taken) to $1000 - in a manner that would allow to me to use a formula that references that table(or sheet or whatever) and decides what to deduct? If so, what type of formula(s) would/could I use for such a task?

    Any help is appreciated.
    Attached Files Attached Files

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    Forum Moderator - RIP Richard Buttrey's Avatar
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    Re: Calculate Tax from Weekly Tax Table?

    Hi,

    Don't know anything about Oz tax but usually the tax deductible depends on earnings to date in the tax year. In which case you'll need to upload a copy of the table into a list and then use a VLOOKUP() formula to return the relevant tax amount.
    Richard Buttrey

    RIP - d. 06/10/2022

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  3. #3
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    Re: Calculate Tax from Weekly Tax Table?

    Sorry for my tardiness in my reply, but thank you. I was hoping I could avoid that but nevertheless I have done it and it does what I want it to. Just the tediousness of entering all the numbers was a drain.

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