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Using Excel Formula To Calculate Personal Income Tax

2011/5/4 16:11:00 40

Excel Calculating Personal Income Tax

It seems that the calculation of personal income tax is rather complicated. It seems impossible to calculate only by using VBA formula instead of macro programming.

In fact, the function formula provided by Excel can not only calculate personal income tax, but also have great flexibility: it can change the tax base at will, and change the tax threshold value and tax deduction at will.

tax rate

Maybe it can be used to adjust personal income tax in the future.

)


Whether it is programming or using formulas, it is necessary to pform the method of personal income tax into mathematical formulas, and it is best to simplify this formula for future work.

Take X as your representative.

Pay taxes

Income tax (minus tax base).

salary

For example, Tax represents the income tax payable.


When 500TAX=X*10-25


When 2000TAX=X*15-125


...


By analogy, the general formula is: personal income tax = paid income * * the tax rate - deductions


Here, deduct the number = the upper limit of the taxable wage income * the scope tax rate - the last deduction.


In fact, there are only four formulas, that is, the green background.

The yellow background is the place where data are input when calculating.

The formula set up everywhere is as follows:


E3:=C3*D3-C3*D2 E2


E4-E10: fill in according to E3, or copy E3 paste to get it.


C15:=IF (B15>$B$12, B15-$B$12, 0), if the salary is greater than the non deductible base, the tax payable shall be reduced to zero or no tax base, otherwise the tax payable will be zero.


D15:=VLOOKUP (C15, $C$2:$C$10, 1) checks which tax deduction is payable for taxable wages.


E15:=C15*VLOOKUP (D15, $C$2:$E$10, 2) -VLOOKUP (D15, $C$2:$E$10, 3) refer to the deductible tax rate and the deductible deduction.

The VLOOKUP function is mainly used here, which can be consulted for more information.


The formula of C15 and D15 can be merged into E15, which is much less readable, but the form will be clearer.

The formula after merging is =IF (B15& gt; $B$12, B15-$B$12, 0) *VLOOKUP (VLOOKUP (IF, B15>$B$12, B15-$B$12, 0), $C$2:$C$10, 1), $C$2:$E$10, 2) (((0), 0, 1, 1, 3) is actually replacing the formula in the formula with its formula.


Here we simply calculate the personal income tax payment through several commonly used formulas.

In fact, there are many similar applications in Excel, so long as you use the formula well and make a reasonable combination, there will be more harvest waiting for you.


 

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