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Hi,
I have newly joined in a company where i need to manage the payroll of more than 500 employees.I am managing the payroll in excel sheet.I am putting PT manually.Can anybody halp me to calculate PT - professional tax by using formula.
In karnatka rs.0/- - rs.9999/-PT is nil
rs.10000/- - rs.15000/-PT is rs.150/-
rs.15000/- and above PT is rs.200/-
how i ll manage this structure in excel by applying formula?

From India, Bangalore
try this =IF(D10>=15000,200,(IF(D10>=10000,150,IF(D10<=9999,0)))) d10 is the reference for your salary figure All the best!!!!! 500 employees in excel is a big task :)
From India, Pune
Dear Viraj, Thanx a lot. Probably I need yr help in future also to generate the payroll. pl keep in touch. Thnx n Rgds, Sukanya
From India, Bangalore
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