Need Salary Calculation from Net Salary to Gross Calcuation

gsuresh123

New Member
Joined
Dec 30, 2019
Messages
11
Office Version
  1. 2010
Platform
  1. Windows
Hi,
I'm looking for salary calculator which calculate Gross Salary if we input Net Salary. The Components bifurcation is as follows:
Basic Salary: 70% of Gross Salary
HRA: 30% of Basic Salary

ESIC: Gross Salary*0.25%(if Gross salary is Greater than 21,000, ESIC=0)
EPF:Basic Salary*12%(If Basic Salary is greater than 15,000, EPF=0)
PT:If Gross is Less than 15000 than PT =0, If Gross is Greater than 15,000 and Less Than 20,000 then PT=150 , If Gross is greater than 20,000, PT=200

Based on the above criteria, please help me in calculating Gross Salary if I Input Net Salary in Excel.

Thanks & Regards
Suresh
9959172919
 
Book1
FGH
6Component CategoryPer monthPer Annum
7Enter Gross Here15000
8Basic Pay10500126000
9HRA450054000
10Total Gross15000180000
11Employee Contribution to PF126015120
12Employee Contribution to ESI1131356
13Profession Tax00
14Net Take Home13627163524
15Employer Contribution to PF126015120
16PF Admin charges106
17Employer Contribution to ESI4885856
18Cost to Company 16748200976
Sheet2
Cell Formulas
RangeFormula
H8:H15, H17:H18H8=G8*12
G8G8=ROUND(G7*0.7,0)
G9G9=G7-G8
G10G10=SUM(G8:G9)
G11G11=ROUND(IF(G8>15001.01,0,IF(G8<15000.01,G8*0.12,0)),0)
G12G12=ROUND(IF(G10<21000.01,G10*0.75/100,IF(G10>21000.01,0)),0)
G13G13=ROUND(IF(G10<15000.01,0,IF(G10<20000.01,150,IF(G10>20000.01,200))),0)
G14G14=G10-G11-G12-G13
G15G15=ROUND(IF(G8>15001.01,0,IF(G8<15000.01,G8*12%,0)),0)
G16G16=ROUND(IF(G8>15001.01,0,IF(G8<15000.01,G8*1.01%,0)),0)
G17G17=ROUND(IF(G10<21000.01,G10*3.25/100,IF(G10>21000.01,0)),0)
G18G18=G10+G15+G17

Dear Dave.

As you required, Please find the attached sheet. Now i need a reverse calculation, that i i give input for Net Salarsy, then I shoukd get Gross Salary.

Please do the needful.

Regards
Suresh
 
Upvote 0

Excel Facts

Wildcard in VLOOKUP
Use =VLOOKUP("Apple*" to find apple, Apple, or applesauce
The taxes that I have seen increase as the income increases; your situation seems to be the opposite.
Does your post represent the information that you require?
Previously
HRA was specified as 30% of Basic; that is not what the sheet shows.
Is HRA a deduction from income?
Esic was specified as 0.25%; that is not what the sheet shows.
What is the actual Net Income?
 
Upvote 0
Actual N
The taxes that I have seen increase as the income increases; your situation seems to be the opposite.
Does your post represent the information that you require?
Previously
HRA was specified as 30% of Basic; that is not what the sheet shows.
Is HRA a deduction from income?
Esic was specified as 0.25%; that is not what the sheet shows.
What is the actual Net Income?
Actual Net Income is as per the Sheet is: Gross Salary - ESIC-PF-PT
Calculation for ESIC, PF and PT were given according to slabs
 
Upvote 0
Based on the rates and information shown on your last post and the net income shown.
The Net divided by 0.9085 yields the Gross.

Book1
FGH
21Gross income required1500015000
3e
Cell Formulas
RangeFormula
G21G21=G14/(1-(0.7*0.12+0.0075))
H21H21=G14/0.9085



Previously
HRA was specified as 30% of Basic; that is not what the sheet shows.
Is HRA a deduction from income?
Esic was specified as 0.25%; that is not what the sheet shows.
What is the actual Net Income?
 
Upvote 0

Forum statistics

Threads
1,214,975
Messages
6,122,537
Members
449,088
Latest member
RandomExceller01

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top