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Formula for Income Tax Calculation

  1. #1
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    Post Formula for Income Tax Calculation

    Dear Sir,
    I stumbled into a problem as how to get the formula regarding tax calculation on income.Pls find enclosed in attachment my excel file where I have shown Income Range in Column B & Tax Rate in column C and I want tax to be calculated in C8 & C9 based on the income of B8 & B9 based on this Income range & Tax Rate.

    I will be eagerly waiting for your reply .

    With Best Rgds,

    Suresh
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    Re: Formula for Income Tax Calculation

    use VLOOKUP formula
    Attached Files Attached Files

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    Post Re: Formula for Income Tax Calculation

    Quote Originally Posted by zbor View Post
    use VLOOKUP formula
    Thanks for your prompt reply.Mistakely,I have attached wrong excel sheet.Pls find revised excel sheet & do the needful.In earlier file it was missing many things for the criteria.

    I will be eagerly waiting for your reply.

    With Best Rgds,

    Suresh
    Attached Files Attached Files

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    Forum Moderator zbor's Avatar
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    Re: Formula for Income Tax Calculation

    It's same workbook??

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    Re: Formula for Income Tax Calculation

    No sir, slight criteria of Income Slab in previous attached excel workbook it was missing.Above is revised workbook.

    With Best Rgds,
    Suresh

  6. #6
    Forum Moderator zbor's Avatar
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    Re: Formula for Income Tax Calculation

    Sorry, I don't see the difference...
    if you talking about changing 200001-300000 to just 200001 I did that so VLOOKUP function can work.

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