Automating Payroll Tax Calculation in Excel Ghanaian Setting

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Download the 2024 Graduated Tax rates (PAYE 2024): https://noohrabusiness.com/wp-content... • Full course on Payroll: http://noohrabusiness.com/courses/pay... • PAYE formula using the IF function: • Formulating Personal Income Tax in Ex... • PAYE formula using the SUMPRODUCT function: • Calculating Personal Income Tax in Ex... • • In this video, we delve into the intricacies of automating payroll tax calculations for PAYE income tax in Ghana using Excel. Join us as we navigate through the process of setting up a master payroll and linking it to tax tables for seamless calculation. • We'll demonstrate the concept of soft coding, where the tax tables are integrated into the spreadsheet, eliminating the need for manual formula updates. Our method ensures accurate tax calculations for 2024 without the necessity for a new formula. • Discover how to access and utilize the annual and monthly tax rates, essential for computing taxes on a monthly payroll basis. Follow along as we adjust chargeable income and witness the immediate impact on tax deductions. • Furthermore, we showcase a before-and-after comparison to illustrate the effectiveness of our method in reducing tax liabilities. • For those seeking to deepen their understanding, we have videos on formulating the PAYE Income Tax formula in Excel, exploring techniques such as the IF function and SUMPRODUCT function. Additionally, consider exploring our comprehensive payroll course available on our website. • Leave a comment if you require a discount on our course, and we'll be happy to provide you with a coupon code. Don't forget to subscribe for more tutorials and insights into efficient payroll management in the Ghanaian context. Check the description for links and resources mentioned in the video.

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