Does calculating income tax in Excel feel like solving a puzzle no one has asked for?
I still remember my early days in Excel training just before joining CA Articleship. We were all “forced” (as students often feel) to take those classes and the first thing we learned? How to calculate Income Tax using nested IFs.
Let me tell you, even back then, I thought: Why does this have to be so complicated? And over the years, seeing so many templates still using that same method, I can’t help but chuckle every time I see it.
Nested IFs might look smart, but they often leave people scratching their heads. And honestly, why make something simple feel so confusing?
This week, I’m breaking the pattern. In my live stream, I’ll show you a far simpler and smarter way to calculate Income Tax in Excel. No unnecessary complexity, no nested IF headaches.
And it gets even better: we’ll create a custom Excel function so you can do this effortlessly, without having to rewrite the same formulas over and over.
Follow Along:
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Download the Excel File to practice alongside the video: [ Ссылка ]
00:00:00 Introduction
00:00:36 Understanding Income Tax Basics
00:03:11 Simple Tax Calculation Using IF function
00:12:20 Tax Calculation with INDEX MATCH & XLOOKUP
00:18:12 The Power of Dynamic Arrays
00:29:20 Simplifying with MIN and MAX functions
00:33:21 Using MAP function to spill the above formula
00:37:09 Wrap-up and Q&A
#thegaminglearning #excel #finance #charteredaccountant #dataanalytics
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