ABC company employee monthly salary report

basic Gross income

name salary overtime allowance salary tax pension Deduction net salary
abebe 4500 150 500 5150 727.5 315 1042.5 4107.5
Hiwet 559 520 500 1579 97.9 39.13 137.03 1441.97
1348.7
dejene 7000 55 600 7655 5 490 1838.75 5816.25
kebede 6193 6193 983.25 433.51 1416.76 4776.24
mahalet 855 789 522 2166 182.4 59.85 242.25 1923.75
dinkinesh 11785 588 545 12918 3021.3 824.95 3846.25 9071.75
tadwos 750 878 588 2216 189.9 52.5 242.4 1973.6
miheretu 509 78 578 1165 56.5 35.63 92.13 1072.87

1, Gross salary

Basic salary +overtime+allowance=Gross salary

=SUM(C4:E4)

2,Income Tax

=IF(F4<600,0,IF(F4<1650,F4*10%-60,IF(F4<3200,F4*15%-
142.5,IF(F4<5250,F4*20%-302.5,IF(F4<7800,F4*25%-565,IF(F4<10090,F4*30%-
955,IF(F4>10090,F4*35%-1500)))))))

3, pension

Basic salary *7%

=C4*7%

4, Deduction

Income tax +pension= Deduction

=SUM(G4:H4)

5, Net salary

=Gross salary –Deduction

=F4-I4