Excel Formulas to Calculate Total Income Tax with Multiple Tax Brackets!!
Tags: excelformula, excelformulas
Published: 2021-07-03 03:32:49

---
title: Excel Formulas to Calculate Total Income Tax with Multiple Tax Brackets!!
published: true
date: 2021-06-27 17:05:03 UTC
tags: ExcelFormula,Excelformulas
canonical_url: https://geekexcel.com/excel-formulas-to-calculate-total-income-tax-with-multiple-tax-brackets/
---

Have you ever tried to find out the income tax in Excel? Here we will show the formulas to **calculate the total income tax with multiple tax brackets in Excel**. Let’s see them below!! Get an official version of ** MS Excel**  from the following link: [https://www.microsoft.com/en-in/microsoft-365/excel](https://www.microsoft.com/en-in/microsoft-365/excel)

[![Calculate income tax brackets](https://geekexcel.com/wp-content/uploads/2021/06/Calculate-income-tax-brackets.png)](https://geekexcel.com/excel-formulas-to-calculate-total-income-tax-with-multiple-tax-brackets/calculate-income-tax-brackets/#main)<figcaption id="caption-attachment-47918">Calculate income tax brackets</figcaption>

## Generic Formula:

- If you want to find out the income tax brackets, you can use the below formula.

**=[VLOOKUP](https://geekexcel.com/how-to-use-excel-vlookup-function-in-office-365/)(inc,rates,3,1)+(inc-VLOOKUP(inc,rates,1,1))\*VLOOKUP(inc,rates,2,1) **

## Syntax Explanations:

- **VLOOKUP** – In Excel, the [**VLOOKUP**  **function**](https://geekexcel.com/how-to-use-excel-vlookup-function-in-office-365/) will help to look up data in a range or table by row.
- **Rate** – It represents the interest rate.
- **Inc** – It specifies the total income.
- **Multiplication (\*)** – In this symbol will multiply any two values or numbers.
- **Plus operator (+)** – This symbol is used to add the values.
- **Minus Operator (-)** – This symbol will help to subtract any two values.
- **Comma symbol (,)** – It is a separator that helps to separate a list of values.
- **Parenthesis ()** – The main purpose of this symbol is to group the elements.

## Practical Example:

Let’s consider the below example image.

- First, we will enter the input values in **Column B** to **Column D**.
- Now we are going to find out the total tax amount based on the income which is given in **Cell G2**.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/06/Input-Ranges-69.png)<figcaption id="caption-attachment-47920">Input Ranges</figcaption>

- Select any cell and apply the above-given formula.

![Enter the formula](https://geekexcel.com/wp-content/uploads/2021/06/Enter-the-formula-83.png)<figcaption id="caption-attachment-47919">Enter the formula</figcaption>

- Finally, press the ** ENTER**  key, you can get the result as shown below.

![Result](https://geekexcel.com/wp-content/uploads/2021/06/Result-70.png)<figcaption id="caption-attachment-47921">Result</figcaption>

## Conclusion:

In this chapter, we have described the formulas to **calculate the income tax with multiple tax brackets in Excel**. Let me know if you have any **doubts** regarding this article or any other Excel/VBA topic.

Thank you so much for visiting  **[Geek Excel](https://geekexcel.com/)!! **If you want to learn more helpful formulas, check out [**Excel Formulas**](https://geekexcel.com/excel-formula/) **!! **

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