lakhs

  1. P

    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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