![]() ![]() If TRUE, it calculates the tax for the 2nd bracket (( C3-$F$5)*$H$5) and then adds the 1 previous bracket’s tax $I$4 ⭐ IF(C3>$F$5, (( C3-$F$5)*$H$5)+$I$4, Checks if the taxable amount is greater than the second largest amount in tax brackets. If TRUE, it calculates the tax for the 3rd bracket ((C3-$F$6)*$H$6) and then adds the 2 previous brackets’ tax $I$5+$I$4 ⭐ C3>$F$6, ((C3-$F$6)*$H$6)+$I$5+$I$4, Checks if the taxable amount is greater than the largest amount in tax brackets. This is my least recommended method as it is the slowest, most-prone to error and there are better alternatives to Nested IF. Using a LAMBDA Function to Calculate Tax.Using a SUMPRODUCT Function to Calculate Tax.Using a Nested XLOOKUP Function to Calculate Tax. ![]()
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