Calculating Progressive Tax in Excel

To calculate progressive tax in Excel, use the following formula:

1. Replace A1 with the cell where you input the income amount.
2. The formula checks if the income is less than or equal to 200, in which case the tax is 0.
3. If the income is between 201 and 500, the formula calculates the tax as (income-200)*10%.
4. If the income is between 501 and 1000, the formula calculates the tax as (income-500)*15%+30.
5. If the income is above 1000, the formula calculates the tax as (income-1000)*20%+130.
6. Adjust the income brackets and tax rates as needed for your specific situation.