Net income after tax formula
- how to calculate net income in excel
- how to calculate net pay in excel
- how to calculate net salary in excel
- how to calculate net profit in excel
How to calculate revenue...
Gross income formula
Calculate Net Salary Using Microsoft Excel
A net salary formula calculates an employee's actual take-home pay in light of gross wages and relevant deductions. If you need to figure out what your take-home pay will be, create an Excel spreadsheet to calculate your paycheck with a handy formula.
Instructions in this article apply to Excel for Microsoft 365, Excel Online, Excel 2019, Excel 2016, Excel 2013, Excel 2010, and Excel for Mac.
Collect Payroll Data
Create a new workbook in Microsoft Excel, using your pay stub or payroll remittance advice form as a guide.
Populate the sheet's columns as follows:
| Column | Value |
|---|---|
| A | Pay Date |
| B | Hours Worked |
| C | Hourly Rate |
| D | Positive Adjustments (for example, reimbursements or stipends) |
| E | Negative Adjustments (for example, voluntary payroll deductions) |
| F | Pre-Tax Deductions (for example, insurance premiums) |
| G | Post-Tax Deductions (for example, garnishments) |
| H | State Income Tax Rate |
| I | Local Income Tax Rate |
| J | Federal Income Tax Rate |
| K | Medicare Tax Rate |
| L | Pre-Tax Retirement
|