Скачать или смотреть SLAB BASED TAX OR COST OR REVENUE FORMULA

Slab Based Tax or Cost or Revenue Formula

What is Slab based or Marginal Rate:
A marginal or slab based tax rate is the rate at which tax is incurred on an additional income

In this method, total income will be split into the slabs and respective tax rate will be applied on the particular slab income. Finally, all the slabs tax will be summed up.

Same logic applies to slab based cost or revenue.

In this video, I have explained a step by step approach to compute the total tax amount with slab based rate structure.

Following are the 4 steps used.
Step 1: Lookup the cumulative amount for fully covered slab
Step 2: Compute the incremental value over and above the fully covered slab
Step 3: Multiply the incremental value with the corresponding slab rate
Step 4: Add the values from Step 1 & Step 3

Thank you for watching this video.

Demo file used in this video can be downloaded here:
https://drive.google.com/file/d/1hkGp...

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