Hi All
I need help. How to calculate allowance whenever there are various percent based on monthly salary.
12% - 6289 & above
15% - 4029-6288
17.5% - 2015-4028
20% - 1329-2014
22.5% - 1328 & below
If cells A1 4029 and cells B1 estimates continue 15% become 604.35. Cells B1 requires formula automatically calculation give to all percent above.
hi redza. place a table like this somewhere, say in D1:E5
22.50% 0 20% 1329 17.5% 2015 15% 4029 12% 6289
The ones on the right are the minimum values to get the %. then in B1,
=A1*LOOKUP(A1,$E$1:$E$5,$D$1:$D$5)
if you dont want the table, then:
=A1*LOOKUP(A1,{0;1329;2015;4029;6289},{0.225;0.2;0.175;0.15;0.12})
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Thanks benishiryo. The formula it works.
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