tax on salary calculation
Posted: Fri Jun 19, 2020 11:19 am
Hi Dear
How is it going? hopefully you're doing good
I need your help to calculate tax on salary .
Example:
5,000,000 I would do simply
1300000*0%=0
(2000000-1300000)*5%
(5000000-2000000)*10%
Then I sum this equal:35,000
Is there any formula in excel can do this more faster than this?
I attached a template with the tax table
Best wishes
How is it going? hopefully you're doing good
I need your help to calculate tax on salary .
Example:
5,000,000 I would do simply
1300000*0%=0
(2000000-1300000)*5%
(5000000-2000000)*10%
Then I sum this equal:35,000
Is there any formula in excel can do this more faster than this?
I attached a template with the tax table
Best wishes