Friday, 22 December 2017

Calculation of Professional Tax

                                              Calculation of Professional Tax 


Herea are two method of calculation of professional tax.
1. Professional Tax on Total Salary.
2. Professional Tax on Basis Salary.

So Here is the Exanple

Formula:                                                                                                                                 =IF((E7>=$A$2)*(E7<=$B$2),$C$2,IF((E7>=$A$3)*(E7<=$B$3),$C$3,IF((E7>=$A$4)*(E7<=$B$4),$C$4,IF((E7>=$A$5)*(E7<=$B$5),$C$5,IF((E7>=$A$6)*(E7<=$B$6),$C$6))))) 

($ it is the sign that fix the cell, select the cell and press F4 or Fn+F4)




2. Calculation of professional Tax according to the basis salary

Salary of Employee's
Emp. Code
Basic
HRA
Conveyance
Total Salary
If Professional Tax on Basic Salary
Salary Range
Professional Tax Slab
1
                     3,000.00
             1,500.00
                       800.00
         5,300.00
 Nil
                  -  
         3,000.00
 Nil
2
                     5,000.00
             2,500.00
                       800.00
         8,300.00
                    130.00
     3,001.00
         4,500.00
        70.00
3
                     4,100.00
             2,050.00
                       800.00
         6,950.00
                       70.00
     4,501.00
         5,500.00
     130.00
4
                   15,000.00
             7,500.00
                       800.00
       23,300.00
                    800.00
     5,501.00
      10,000.00
     200.00
5
                   12,540.00
             6,270.00
                       800.00
       19,610.00
                    800.00
   10,001.00
   1,00,000.00
     800.00
6
                   14,500.00
             7,250.00
                       800.00
       22,550.00
                    800.00
7
                     3,000.00
             1,500.00
                       800.00
         5,300.00
 Nil
8
                   30,000.00
          15,000.00
                       800.00
       45,800.00
                    800.00
9
                   16,500.00
             8,250.00
                       800.00
       25,550.00
                    800.00
10
                   45,000.00
          22,500.00
                       800.00
       68,300.00
                    800.00
11
                   40,000.00
          20,000.00
                       800.00
       60,800.00
                    800.00
  

                                              Professional Tax on Total Salary


Salary of Employee's
Emp. Code
Basic
HRA
Conveyance
Total Salary
If Professional Tax on Total Salary
Salary Range
Professional Tax Slab
1
                        3,000.00
               1,500.00
                         800.00
            5,300.00
 Nil
                  -  
           6,000.00
 Nil
2
                        5,000.00
               2,500.00
                         800.00
            8,300.00
                        70.00
        6,001.00
         15,000.00
         70.00
3
                        4,100.00
               2,050.00
                         800.00
            6,950.00
                        70.00
      15,001.00
         25,000.00
       130.00
4
                      15,000.00
               7,500.00
                         800.00
          23,300.00
                      130.00
      25,001.00
         30,000.00
       200.00
5
                      12,540.00
               6,270.00
                         800.00
          19,610.00
                      130.00
      30,001.00
      1,00,000.00
       800.00
6
                      14,500.00
               7,250.00
                         800.00
          22,550.00
                      130.00
7
                        3,000.00
               1,500.00
                         800.00
            5,300.00
 Nil
8
                      30,000.00
             15,000.00
                         800.00
          45,800.00
                      800.00
9
                      16,500.00
               8,250.00
                         800.00
          25,550.00
                      200.00
10
                      45,000.00
             22,500.00
                         800.00
          68,300.00
                      800.00



       Formula is =

 =IF((E7>=$A$2)*(E7<=$B$2),$C$2,IF((E7>=$A$3)*(E7<=$B$3),$C$3,IF((E7>=$A$4)*(E7<=$B$4),$C$4,IF((E7>=$A$5)*(E7<=$B$5),$C$5,IF((E7>=$A$6)*(E7<=$B$6),$C$6))))) 
                         

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