Income tax calculation can be done using the IF and MIN functions in Excel. The IF function allows you to return different values depending on certain criteria being met, while the MIN function returns the minimum value from a range of values. Together these functions can help automate income tax calculations based on income levels and tax rates.
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Income Tax Calculation Using IF Function
Income tax calculation can be done using the IF and MIN functions in Excel. The IF function allows you to return different values depending on certain criteria being met, while the MIN function returns the minimum value from a range of values. Together these functions can help automate income tax calculations based on income levels and tax rates.