+ Reply to Thread
Results 1 to 4 of 4

ETP tax capping formulas

  1. #1
    Registered User
    Join Date
    10-03-2014
    Location
    Australia
    MS-Off Ver
    2010
    Posts
    3

    ETP tax capping formulas

    Hi,
    I am trying to put a formula in Australian ETP capping tax but I am having trouble. I have attached the spreadsheet in question should anyone like to help me. What I need is on the "ETP calc on TIL" worksheet cel D21 is to show the dollar amount upto $180K which includes the ETP payment.
    I have tried numerous formulas but the one that is on the spreadsheet now is only working if the total whole of income is under the capping or if it is over the capping the ETP payment is less than the amount over the capping. If the total whole of income is greater than the ETP payment it is returning a negative amount.Redundancy Template WIP.xlsx
    Thanking you in anticipation.
    Belinda

  2. #2
    Forum Expert
    Join Date
    03-23-2004
    Location
    London, England
    MS-Off Ver
    Excel 2019
    Posts
    7,064

    Re: ETP tax capping formulas

    Let's look at your existing formula first.

    Your formula in D21 is incorrect, you have an = in both sides
    IF($D$18<= then blah blah blah else IF($D$18>=
    The second = will never be executed since the first = overrides this.

    In fact you dont even need the second IF condition.
    It should simply be

    =IF($D$18<=180000,$D$17,$D$17-($D$18-$D$14)))


    You say
    "If the total whole of income is greater than the ETP payment it is returning a negative amount."

    Ok, so what result are you expecting?
    Regards
    Special-K

    Ensure you describe your problem clearly, I have little time available to solve these problems and do not appreciate numerous changes to them.

  3. #3
    Registered User
    Join Date
    10-03-2014
    Location
    Australia
    MS-Off Ver
    2010
    Posts
    3

    Re: ETP tax capping formulas

    Hi Special K,

    Your formula partially works but i also need extra criteria.

    In answer to your question in this instance the i would like a zero value to be return.

    I will try and explain it the best i can but apologies if it is not clear (that is Australian tax for you).

    If D18 is > $180,000 and amount over the $180,000 is greater than ETP payment (D17) result is to be zero (D21)
    If D18 is > $180,000 but amount over the $180,000 is less than ETP payment (D17) D21 to return value upto capping of $180,000

    i think i also need to add some if/or formulas but i cannot get it to work.

    Thank you
    Belinda

  4. #4
    Registered User
    Join Date
    10-03-2014
    Location
    Australia
    MS-Off Ver
    2010
    Posts
    3

    (SOLVED) ETP tax capping formulas

    I changed the formual completely with a positive result. Issue is now resolved. Thanks for your help.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. 'capping' a cell value at 100%
    By dpcp in forum Excel General
    Replies: 5
    Last Post: 05-01-2012, 09:15 AM
  2. capping cell value
    By excelnonwizard in forum Excel Formulas & Functions
    Replies: 3
    Last Post: 12-18-2010, 03:38 AM
  3. Capping results
    By djarcadian in forum Excel General
    Replies: 4
    Last Post: 01-05-2006, 05:20 PM
  4. Capping a formula value?
    By Scot B in forum Excel General
    Replies: 2
    Last Post: 12-27-2005, 07:45 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1