calculating progressive tax
Try
=MIN($A$1-200,300)*10%+MIN($A$1-500,500)*15%+MAX(0,A1-1000)*20%
Mike
"lebasse" wrote:
How can i calculate progressive tax. For example if all income up to 200$ is
exempted from any tax and :
201-500 taxed 10%
501-1000 taxed 15%
1001 and above 20%
Or simply speaking income tax calculation in excel. How should the formula
is written?
Apprciate your help
lk
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