Calculate Bonus in Excel Using IF Function

Calculate Bonus in Excel Using IF Function video demonstration will help you to understand how you can use if function to calculate bonus of given set of employees.

In this video demonstration, we also covered how we calculated the results using the combination of IF & AND function and IF & OR function which were given as assignments in the previous video demonstration.

By the end of this video, you should be comfortable to use the IF function clubbed with AND or OR function.

We have also covered absolute reference very briefly under this video.

In case you are stuck, add your questions below in the comments section, and I will be happy to help you.

I hope that you're enjoying learning Excel through this Excel learning series with Syed. I request you to share these videos with anyone who desires to learn Excel from scratch.

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These functions apply to:
Excel 2019, 2007, Excel 2010, Excel 2013, Excel 2016, Office 365 and above

#excelLearningSeries #excel #excel2016 #excelLogicalFunction #HowWeExcel #excelconditionalfunctions #calculation #calculate #bonus

[Arturo-hcpl]

not what i was looking for but very useful information. good stuff m8!

[Arsene_co]

Thankyou sir
It's a very helpful video 👏👏🫶

[rishabharora]

Hello.!
Thanks for the Excel Education.!
I understand all the formula and also tried on the sheet that you provided in link.
but I stucked on "If with AND function" TAB
You applied this formula in excel : =IF(AND(B3>35, C3>35, D3>35, E3>35), "Passed", "Failed")
and When I applied this, I also got the correct answer
But I want different type in this : like for eg: "IF HARRY SCORED LESS THEN 35 MARKS IN ANY SUBJECTS THEN IT SHOULD SHOW FAIL"
but I tried this. : and showing "PASS" in all Cell..
Basically you applied : MORE THAN ">"
and I want to apply : LESS THAN "<"

By using MORE THAN ">"...the outcome shows correct.!
By using LESS THAN "<" .. the outcomes shows incorrect.!

By the way, I used this formula (eg. also attached below from excel sheet : =IF(AND(B4<35, C4<35, D4<35, E4<35), "Failed", "Passed")

In this Gandalf scored "29"in Math, So Outcome should show "FAILED", but it is showing "Passed"
then showing error

[seanhaggerty]

I am trying to produce the bonus amount for each of my staff, but having it match to a tiered qualification based around a percentage. I have been able to set up the qualifications and disqualifications to be included in the bonus structure, but am having trouble with returning the correct tier to be able to calculate their bonus.
I have the tier set up so that if they are 20% or more below the group average, they are tier 1. If they are 19%-1% below the group average, then they are tier 2. If they are at or up to 19% above the group average, then they are tier 3. And if they are 20% or more above the group average, they are tier 4.
Could you help me figure out how to format this? I am assuming I would have to nest multiple OR calculations?

[sudhakarramalingam]

Hi Syed,

if same 3moth your checking the condition either they are eligible or not, If eligible then value also should show in same column,
can you write the syntax...

thank you syed

[i_t_zmeaman]

Sir I have a doubt how to make such large bonus sheets is there any trick to type them fast?

[neilliasmith]

So would calculate the number of persons getting bonus like that, I got a question that said calculate the number of persons getting bonus if the pay is 200 or above its bonus.so I would calculate it like that

[ashfaqueivan]

Sir i wan to make a bonus sheet for the employees. But the condition is that the job duration must be if the job duration is 15% then the bonus will be 30% & if the duration is more than 1 year than the bonus will be 60%. Pls help to advise how can i prepare this in an excel sheet.

[nikitapagrawal]

Employees belong to Sales and Marketing Department with Basic Salary < 45000 get Bonus of 25000, how to write this in nested if and or function??

[excelmagic]

A bonus of 2% of sales will be paid to employees who meet the following criteria:
 
1. Sales are above target.
2. Have worked for the company for more than two years.
 
Note: Employees with more than five years service will receive the bonus even if sales are below target.

[baishajohnson]

I need help if the person's age is 50 and up the person receives a bonus based on the years of service. If less than 5 years then the bonus is 20%, if years of service 5-10 years bonus is 30%, if years of service is 11-15 years bonus is 40%, etc. If under 50 no bonus

[kuldeepdaundiyal]

Can you please help me ? can we use IF, AND, OR combined in excel ?

[FrenchieGiblet]

I like how Thor failed every subject except Social