ASSIGMENT-9
❖ PROBLEM STATEMENT:
➢ Create a worksheet containing the following record of Employees: Id, Name, Basic, HRA, DA,
MA, Gross pay Insert Name and Basic for an employee and then calculate the following by
typing formula in the formula bar:
i. HRA = 8% of Basic, DA = 15% of Basic, MA = 5% of Basic.
ii. Gross Pay = Basic + HRA + DA + MA.
iii. P Tax = 150 if Gross Pay <= 50,000, and 250 otherwise.
iv. Net Monthly Pay = Gross Pay – P Tax.
v. Yearly CTC = 12 * Net Monthly Pay.
vi. Income Tax as per the following slab:
Now create scenarios with the following values of Basic Pay:
• Rs. 15,000
• Rs. 30,000
• Rs. 45,000
• Rs. 75,000
• Rs. 90,000
• Rs. 1,20,000
Prepare scenario summary and scenario pivot table report of the above. The report should contain Basic
Pay. Yearly CTC and Income Tax.
❖ SOLUTIONS:
➢ The required worksheet containing the record of employees:
ID 1875544
Krishnendu
Name
Mali
Basic 15000
HRA 1200
DA 2250
MA 750
Gross Pay 19200
P Tax 150
Net Monthly
19050
Pay
Yearly CTC 228600
Income Tax 0
i. The worksheet containing HRA, DA, MA of an employee:
ID 1875544
Krishnendu
Name
Mali
Basic 15000
HRA 1200
DA 2250
MA 750
• To calculate HRA(B4): =BASIC(B3)*8/100
• To calculate DA(B5): =BASIC(B3)*15/100
• To calculate MA(B6): =BASIC(B3)*5/100
ii. The worksheet containing Gross Pay of an employee:
ID 1875544
Krishnendu
Name
Mali
Basic 15000
HRA 1200
DA 2250
MA 750
Gross Pay 19200
• To calculate GROSS PAY(B7): =BASIC(B3)+HRA(B4)+DA(B5)+MA(B6)
iii. The worksheet containing P Tax of an employee:
ID 1875544
Krishnendu
Name
Mali
Basic 15000
HRA 1200
DA 2250
MA 750
Gross Pay 19200
P Tax 150
• Formula of P TAX(B8): =IF(B7<=50000,150,250)
iv. The worksheet containing Net Monthly Pay of an employee:
ID 1875544
Krishnendu
Name
Mali
Basic 15000
HRA 1200
DA 2250
MA 750
Gross Pay 19200
P Tax 150
Net Monthly
19050
Pay
• To calculate NET MONTHLY PAY(B9): =GROSS PAY(B7)-P TAX(B8)
v. The worksheet containing Yearly CTC of an employee:
ID 1875544
Krishnendu
Name
Mali
Basic 15000
HRA 1200
DA 2250
MA 750
Gross Pay 19200
P Tax 150
Net Monthly
19050
Pay
Yearly CTC 228600
• To calculate YEARLY CTC(B10): =12*NET MONTHLY PAY(B9)
vi. The worksheet containing Income Tax of an employee:
ID 1875544
Krishnendu
Name
Mali
Basic 15000
HRA 1200
DA 2250
MA 750
Gross Pay 19200
P Tax 150
Net Monthly
19050
Pay
Yearly CTC 228600
Income Tax 0
• Formula of INCOME TAX: =IF(B10<=300000,0,IF(B10<=600000,(B10-
300000)*5/100,IF(B10<=900000,15000+(B10- 600000)*10/100,IF(B10<=1200000,45000+(B10-
900000)*15/100,IF(B10<=1500000,90000+(B10-1200000)*20/100,150000+(B10- 1500000)*30/100)))))
vii. o The required scenario pivot table is given below:
o The required scenario summary is given below:
• To create scenario pivot table and scenario Summary on the basis of Basic Pay, Yearly CTC and Income
Tax: Go to Data tab → Click What-If Analysis → Select Scenario Manager → Click Add in the Scenario
Manager pop-up window → Name your new scenario → Enter data into the spreadsheet → Go to
summary on Scenario Manager → Select Scenario Pivot Table, Scenario Summary and click ok.
