calculating progressive tax
Hi
Try
=MAX(0,A1-200)*10%+MAX(0,A1-500)*5%+MAX(0,A1-1000)*5%
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Regards
Roger Govier
"lebasse" wrote in message
...
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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