# lakh

1. ### conditional calculation

sir, This is Income Tax calculation where for 1st 2,50,000 rupees no tax. For the next 2,50,000 rupees tax is 5%. Above 5 lakh but below 10 lakh tax, it is 20%. Above 10 lakh, tax is 30%. if taxable income is 450000(4.5 lakh) for 250000 nil tax upto 500000 5%...
2. ### nestedif or only if condition

Sir, I am getting 12 lakh rupees annual salary. While paying tax, for 1st 2.5 lakh tax is nil. For next 2.5 lakhs 5% tax i.e. 12,500. For next 5 lakh, 20% tax i.e. one lakh. Above 10 lakhs, 30% tax i.e. 60,000. So, I pay 0 + 12500 + 1 lakh + 60000 = 1,72,500. How can I compute through a formula...

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