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Computer Operator Pracitcal Excel Question; How to calculate Tax and Net Salary of employees (Salary Sheet)

Mohan Dutt Bhatt

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Question: Prepare the following salary sheet and calculate the income tax, social tax and net salary.

EmpCode

Name

Address

MonthlySalary

IncomeTax

SocialTax

Net Salary

A001

Hari Sharma

Banepa

22500

 

 

 

A002

Ramita Gurung

Kathmandu

27000

 

 

 

A003

Anjana Giri

Bhaktapur

30000

 

 

 

A004

Sarita Ghimire

Sanga

20000

 

 

 

-Social Tax is 1% of salary. Income tax is not charged upto annual income of Rs.250000, 15% tax is charged for annual salary above 250000. 20% income tax is charged for annual salary above 350000.

Solution:-

Write down the above data in the excel sheet and type the following formulas in the cells.

Formula:-

Income Tax (E2):-   

=IF(D2*12<=250000, 0, IF(D2*12>250000, D2*12*15%,D2*12*20%))

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Social Tax (F2):-    =D2*12*1%  

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Net Salary (G2):-      =D2*12-(SUM(E2:F2))

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Tags:
12898219_1183980278308200_5578493824332739496_o

Hey there, i am trying to provide you the new way to learn PSC. I am working hard and pushing the boundaries of possibilities to widen the horizon of the regular tutorials and provide high quality learning materials to all hardworking learners!

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