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Hi I am struggling with a calculation to find the take home pay for a month including added commission where appropriate plus tax,national insurance and pension deductions. Can someone please help
Hi I am struggling with a calculation to find the take home pay for a month including added commission where appropriate plus tax,national insurance and pension deductions. Can someone please help
Last edited by gaz76; 11-25-2015 at 09:05 AM.
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Last edited by JohnTopley; 11-25-2015 at 09:13 AM.
There is no personal data it is all fictitious
Just checking is everything ok with my post now?
Thanks
Glad about the data: thought I would check !.
Re you problem .. perhaps this or similar might help ..
http://iknowtax.com/thingy/tax-calcu...el-spreadsheet
Thanks for the link but I need to use formulas for each step. I don't even know where to start if someone could tell me the steps I so I can study (understand) it and work it out?
The attached sheet "Tax-NI" has the "basic" calculations you may need. You could check the accuracy by using one of the n=many TA/NI calculators found on the Web.
Most calculations are simply maths =: subtractions and multiplications
e.g, =(D1-C1)*0.20 to calculate tax at 20% rate, where D1= is Monthly Salary and C1 is monthly tax allowance.
Hope this helps get you started.
Why on earth do you want to run and rely on spread sheet for payroll is beyond me? Payroll is very sensitive area and excel is not the right tool. Why can not you invest like £10 per month on payroll software? Money manager or Moneysoft is no brainer and the best one I have come across? In fact there are many free payroll applications on the net. How are going to handle AE? Do you know all the NI and Tax thresholds and exemptions?
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