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Excel formula for calculating slabs

CA.Sonia (professional) (517 Points)

03 April 2013

Hi ,

Can any body provide the excel sheet of formula to be used for calculating the income tax slabs for different Incomes.

Thanks

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38 Replies

Vaibhav Jandey (Life iz Hard; I'm Harder) (1178 Points)
Replied 03 April 2013

Originally posted by : CA.Sonia
	Hi , Can any body provide the excel sheet of formula to be used for calculating the income tax slabs for different Incomes. Thanks

Here is it

=IF(D952<200000,0,IF(D952<500000,(D952-200000)*0.1,IF(D952<1000000,(D952-500000)*0.2+30000,IF(D952>1000000,(D952-1000000)*0.3+130000,))))

Replace the extreme left figure in above formula with the exemption limit of other person(s).

6 Like

Vivek B. Bhinde (Action Creates Energy !!) (824 Points)
Replied 03 April 2013

The Income Tax Calculator is hereby attached....

Attached File : 1021728 1158990 income tax calculator ay 2013 14.xls downloaded: 12127 times

Vivek B. Bhinde (Action Creates Energy !!) (824 Points)
Replied 03 April 2013

In the above attachment there is a minor formula error, Please use the hereby attached file...

Attached File : 1021728 1159045 income tax calculator ay 2013 14.xls downloaded: 6948 times

Swapnil (student) (23 Points)
Replied 26 December 2013

It is not working, if a person having income of Rs Rs. 10,00,000. Kindly copy Properly

Swapnil (student) (23 Points)
Replied 26 December 2013

Cheat This One =IF(H6<220000,0,IF(H6<500000,(H6-220000)*0.1,IF(H6<1000000,(H6-500000)*0.2+28000,IF(H6=1000000,(H6-500000)*0.2+28000,IF(H6>1000000,(H6-1000000)*0.3+128000,)))))

amit kumar (ASSISTANT ACCOUNTANT) (22 Points)
Replied 23 June 2015

income tax calculator if excel formula

=IF(AND(A4>0;A4<=250000);"not tax";IF(AND(A4>250001;A4<=500000);(A4-250000)*10/100;IF(AND(A4>500001;A4<=1000000);(A4-500000)*20/100+25000;IF(AND(A4>1000000);(A4-1000000)*30/100+125000))))

Rekha (MBA) (21 Points)
Replied 24 June 2015

thanks Amit....

Rakib (Finance Professional) (30 Points)
Replied 17 August 2015

Please help me to calculate tax in excel

First 250000 0%
Next 400000 10%
Next 500000 15%
Next 600000 20%
Next 3000000 25%
4750000 30% if total amount is above forty sevel lac fifty thousand then 30% tax on rest of the amount

Regards

Rakib

Kiran. S (CTO) (745 Points)
Replied 17 August 2015

@ amit kumar Logical operators "and" and "if" take comma "," instead of semicolon ";"

Thanks.

S. Shiroor (Others) (1212 Points)
Replied 17 August 2015

Goto Developer -Visual basic- tools - references - tick visual basic for apllications [VBA] then

insert module.

Paste following code in module

Function Tax2015(Inco)
Select Case Inco
Case Is < 250000
Tax2015 = 0
Case Is <= 500000
Tax2015 = (Inco - 250000) * 0.1
Case Is <= 1000000
Tax2015 = 25000 + (Inco - 500000) * 0.2
Case Is > 1000000
Tax2015 = 125000 + (Inco - 1000000) * 0.3
Case Else

End Select

End Function

any where you can type =Tax2015 (A5) a5 is cel where taxabale income is there

I hope this helpsl

Rakib (Finance Professional) (30 Points)
Replied 18 August 2015

I posted a problem and got a solution through email. But it doesn't work.

Problem was:

Please help me to calculate tax in excel First 250000 0% Next 400000 10% Next 500000 15% Next 600000 20% Next 3000000 25% 4750000 30% if total amount is above forty sevel lac fifty thousand then 30% tax on rest of the amount

and solution was:

excel-formula-for-calculating-slabs

Goto Developer -Visual basic- tools - references - tick visual basic for apllications [VBA] then

insert module.

Paste following code in module

any where you can type =Tax2015 (A5) a5 is cel where taxabale income is there

I hope this helpsl

Please help me get out from this problme. I can't work with it

Regards

Rakib

Rakib (Finance Professional) (30 Points)
Replied 18 August 2015

Suppose income is 1,000,000

1st 250,000 0% -

Next 400,000 5% 20,000

Next 350,000 10% 35,000

Total 1,000,000 Tax 55,000

Rakib (Finance Professional) (30 Points)
Replied 18 August 2015

	Suppose income is	4,800,000
1st	250,000	0%	-
Next	400,000	10%	40,000
Next	500,000	15%	75,000
Next	600,000	20%	120,000
Next	3,000,000	25%	750,000
Next	50,000	30%	15,000

Total	4,800,000	Tax	1,000,000

S. Shiroor (Others) (1212 Points)
Replied 18 August 2015

Function Taxs(Inco)
Select Case Inco
Case Is < 250000
Taxs = 0
Case Is <= 650000
Taxs = (Inco - 250000) * 0.1
Case Is <= 1150000
Taxs = 40000 + (Inco - 650000) * 0.15
Case Is <= 1750000
Taxs = 115000 + (Inco - 1150000) * 0.2
Case Is <= 4750000
Taxs = 235000 + (Inco - 1750000) * 0.25
Case Is > 4750000
Taxs = 985000 + (Inco - 4750000) * 0.3
Case Else
"Error"
End Select

End Function