Excel Formulas to Calculate the Tax Rate with Fixed Base with IF Function!
Tags: excel, excelformula, excelformulas
Published: 2021-03-08 11:45:36

---
title: Excel Formulas to Calculate the Tax Rate with Fixed Base with IF Function!
published: true
date: 2021-03-08 11:44:26 UTC
tags: Excel,ExcelFormula,Excelformulas
canonical_url: https://geekexcel.com/excel-formulas-to-calculate-the-tax-rate-with-fixed-base-with-if-function/
---

The Excel **IF function** is helpful if you want to check something on a worksheet, then show results A or B. In this tutorial, we will show the simple formula used to **calculate the tax rate with a fixed base in Excel by using the IF function**. Let’s get into this article!! 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)

[![Tax rate with Fixed Base](https://geekexcel.com/wp-content/uploads/2021/03/Tax-rate-with-Fixed-Base.png)](https://geekexcel.com/excel-formulas-to-calculate-the-tax-rate-with-fixed-base-with-if-function/tax-rate-with-fixed-base/#main)<figcaption id="caption-attachment-22349">Tax rate with Fixed Base</figcaption>

## Generic Formula:

- To calculate the tax rate with a fixed base rate in Excel, you can use the below formula.

**=[IF](https://geekexcel.com/use-if-function-in-microsoft-excel-365-simple-steps/)(A1<limit,A1\*rate,(A1-limit)\*rate+fixed)**

## Syntax Explanations:

- **IF** – In Excel, the **[IF function](https://geekexcel.com/use-if-function-in-microsoft-excel-365-simple-steps/)** helps to return one value for a **[TRUE](https://geekexcel.com/use-true-function-in-microsoft-excel-365-simple-methods/)** result, and another for a **[FALSE](https://geekexcel.com/use-false-function-in-microsoft-excel-365-simple-methods/)** result.
- **Limit –** It represents the fixed-rate limit.
- **Rate** – It specified the tax rate.
- **Fixed** – It represents the fixed base rate.
- **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.

## Example:

Refer to the below example image.

- Here, we will enter the input values in **Column B**.
- Now we are going to calculate the tax rate with a fixed base amount given in **Column F**.

![Input Ranges](https://geekexcel.com/wp-content/uploads/2021/03/Input-Ranges-10.png)<figcaption id="caption-attachment-22347">Input Ranges</figcaption>

- Apply the above-given formula to the **formula bar** section and press the **“Enter”** key.

![Enter the formula](https://geekexcel.com/wp-content/uploads/2021/03/Enter-the-formula-11.png)<figcaption id="caption-attachment-22346">Enter the formula</figcaption>

- Finally, it will display the result in the selected cell.

![Result](https://geekexcel.com/wp-content/uploads/2021/03/Result-13.png)<figcaption id="caption-attachment-22348">Result</figcaption>

## Wrap-Up:

From this chapter, we have described the simple formula used to **calculate the tax rate with a fixed base rate in Excel by using the IF function**. Hope you like it. Let me know if you have any **doubts** regarding this article or any other article on this site. We will assist you. Click here to know more details **[Geek Excel](https://geekexcel.com/) **and [**Excel Formulas**](https://geekexcel.com/excel-formula/) **!!**

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