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Dear Seniors,
I jus wanna know the excel formula for the the details given below.
If gross salary is greater than 6500 then pf should be 780, and if lesser than 6500 the pf amount should be 12% gross pay.
I need the formula in excel... pls help me out.

From India, Madras
Dear Please use this can be resloved your query - =IF(G4<=6500,G4*12%,0) G4 stand for Cell where is the actual calcualated Basic can be
From India, Delhi
Dear Hemanth, I tried ur formula but i didnt get the exact output. Pls find attachment and pls revert me regards Prabhakaran
From India, Madras

Attached Files
File Type: xls New Microsoft Excel Worksheet.xls (15.5 KB, 678 views)

Just make a small change in Hemanth's formula. Since you want the amount to be Rs.780/- if basic is above 6500/-, replace the zero in the formula with 780/- and check.
The IF STATEMENT will check the basic amount - if it is less than or equal to 6500/- then it will produce 12% of it in the cell where the formula is keyed in. Otherwise, (i.e. when basic is above Rs.6500/-) it will simply fetch 780/-
Raja C S N
Sr Trainer / Consultant / Content Creator,
BTW, if you are in Chennai, you can get my personal services on all your excel related queries at a reasonable cost, if you are interested.

From India, Madras
Need to be amend =IF(N5<=6500,N5*12%,0) Wrong On Actual Basic Not on Gross Formula in same sheet can be =IF(F5<=6500,F5*12%,0) and check it again
From India, Delhi
PFA the file as per requirement. Feel free to reach me in case of query.
From India, Indore

Attached Files
File Type: xls Book1.xls (18.5 KB, 117 views)

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