Excel formula
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2017
I have used below formula for calculating income tax F.Y. 2017-18. But, this formula not work properly any body can help me to modified this formula.
=SUMPRODUCT(--(BN4>{250000;500000;1000000}),(BN4-{250000;500000;1000000}),{0.05;0.1;0.1})
sent me : HRAHEVAR@YAHOO.CO.IN
=SUMPRODUCT(--(BN4>{250000;500000;1000000}),(BN4-{250000;500000;1000000}),{0.05;0.1;0.1})
sent me : HRAHEVAR@YAHOO.CO.IN
11 February 2017
Sir can I suggest you another formula for FY 2016-17 :
[Total Income in Cell D19]
=IF(D19>1000000,(D19-1000000)*0.3+125000,IF(D19>500000,(D19-500000)*0.2+25000,IF(D19>250000,(D19-250000)*0.1,0)))
Reduce rebate u/s 87A from this if eligible.
[Total Income in Cell D19]
=IF(D19>1000000,(D19-1000000)*0.3+125000,IF(D19>500000,(D19-500000)*0.2+25000,IF(D19>250000,(D19-250000)*0.1,0)))
Reduce rebate u/s 87A from this if eligible.
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