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WebAs the taxable value is between 1.5 to 2.5 lakhs so that 5% will apply to income. Step 5: Now, calculate the tax on extracted taxable value. Apply the following formula in cell B7: =B6*5/100. Step 6: Press the Enter key and get the income tax value calculated on the taxable income. WebMar 14, 2024 · 6 Easy Steps to Create a Monthly Salary Sheet Format in Excel. Step 1: Calculate Allowances of Each Employee from Dataset. Step 2: Use SUM Function to Find … WebGovernment Teachers New Salary 2078 Updated. Community School Teacher Salary: Here are the list of Old and New Salary Sheet of Government School, College and University … kasey broussard