if function in Excel

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Querist : Anonymous

Querist : Anonymous (Querist)

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

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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