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?

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