Work it out like this
a) Value
b) Custom duty = value*0.2
c) Value + Custom Duty =value*1.2
d) Sales Tax = Value *1.2*0.16
e) value +custom duty +Sales tax =value*1.2+Value *1.2*0.16
= value*1.2*1.16
=value*1.392
f)Income Tax =value*1.392*0.06
g) value +custom duty + sales tax + income tax =
value*1.392+value*1.392*0.06
=value *1.392*1.06
=value*1.47552
so the Custom duty, plus the Sales tax plus the income tax is
Value*0.47552
This is the formula you need in the single cell if the value is in A3
*=A3*0.47552*
Regards
David Grugeon
On 19 February 2013 17:48, Rasheed Razzaq <rashee...@gmail.com> wrote:
> Dear Experts,
> I need a formula or function for calculation of Taxes in single cell.
>
> Value 1,000,000
> Custom Duty 20%
> Sales Tax 16% x (Value+Custom Duty)
> Income Tax 6% x (Value+Custom Duty+Sales Tax)
>
> *Required Value (Custom Duty+Sales Tax+Income Tax)*
> Is there any single formula
> or
> function where I can calculate Taxes amount
> in a cell.
>
> Thanks in advance.
>
> Regards
> Abdul Rasheed
>
>
>
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