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IF Function in Excel

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10 June 2011 My question is related to IF Function in Excel for HRA Amount Formula

Write formula for HRA Amount in B2 Cell under two condition if Basic salary is in A2

Condition no. 1 :- If salary is upto 15000,HRA will be 40% of Basic Salary with a minimum amount of HRA is Rs. 3000


Condition no. 2 :- If salary is more than Rs.15000,HRA will be 30% of Basic Salary with a maximum amount of HRA Rs. 10000

Both condition's formula written separately
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
10 June 2011 **************************
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
10 June 2011 I can do simple formulation, in which case you need to put one intermediary cell for both formulas as both cases are having two conditions each.

I think , there is some technical problem, becoz, I am submitting a reply, but it gets displayed in complete different.

Give me your email ID, may be I can send the same there.
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