## Tax rate calculation with fixed base in Excel

This tutorial shows how to work Tax rate calculation with fixed base in Excel using the example below; Formula =IF(A1<limit,A1*rate,(A1-limit)*rate+fixed) Explanation This example shows how to set up simple formula using the IF function to calculate a tax amount with both fixed and variable components. In the example shown, the formula in C5 is: =IF(B5<limit,B5*rate,(B5-limit)*rate+fixed) in a …