Dear all

I want to know how to apply tax reduction formula in Ms. Excel 2003

something like this: Those who have salary above 12500, excel should automatically reduce 10% of their salary as tax.

can u help me how to do this formula

I will be extremly thankful

very urgent!

Abdul Naseer Ansari

Afghanistan

=IF(A1>12500,A1*0.9,A1) Meaning that if the value (salary) in A1 is greater than 12500 then multiply A1 times .9 (90% or -10%) but if A1 is 12500 os less then enter that value.

HTH

Bryan

Thank you very muc but I would appreciate if u help me as below

I have three columns:

Salary Tax reduced net paymentand the creteria for the tax is more than 12500 then reduce the tax and ( the reduced amount should be specified in 2nd column) and then the net payment.

Hope you will help meAbdul Naseer Ansari

Afghanistan

If I understand you correctly, an employee making 12,501 should show this: (Assume headings are in Row 1, Data starts in Row 2)

..A......................B.............................C

Salary.......Tax Reduced............Net Payment

12501.........1250.10....................11250.90If that is correct, then try this:

..A.......................B..............................C

Salary..............Tax Reduced........Net Payment

12501....=IF(A1>12500,A1*0.1,0)...=A2-B2Questions:

What if the employee makes more than 15,100? Wouldn't that put him into the next tax bracket?

What if the employee claims 20 dependents? Wouldn't that reduce their withholding?

Ask Your Question

Weekly Poll

Did you watch the X-Files when it was on TV?

Discuss in The Lounge

Poll History