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prashant100177's avatar
prashant100177
Copper Contributor
May 11, 2020

how to write Formula in excel

Hi,

I need help regarding excel formula for incremental bonus value.

Example: fix bonus is 1000 any Qtr

if 1st Qtr target fulfilment is more than 100 then x person get Rs.3000/-in 1st Qtr

if 1st & 2nd Qtr target fulfilment is more than 100 then x person get extra Rs.500 in 2nd Qtr

if 1st, 2nd & 3rd Qtr Target fulfilment is more than 100 then X person get extra 1000 in 3rd Qtr

if all qtr target fulfilment is more than 100 then X person get extra 1500 in 4th Qtr

But 

but X person does fulfil his target in 2nd Qtr then he gets only fix amount.

then start from 3rd Qtr again.

means continuously x person meet their target he will get Rs.500 extra.

please Help

 

2 Replies

  • prashant100177's avatar
    prashant100177
    Copper Contributor

    in other words

     

    Fixed Incentive Quarterly          Incremental Incentive Quarterly    Increased

    Earning

    Q1 > 100%

    Rs.1000

    Q1 > 100%

    Rs.1000

    Nil

    Q2> 100%

    Rs.1000

    Q2> 100%

    Rs.1500

    Rs. 500

    Q3> 100% Q4> 100%

    Rs.1000

    Rs.1000

    Q3> 100% Q4> 100%

    Rs.2250

    Rs. 3250

    Rs. 1250

    Rs.2250

     

    Thanks in advance

    • Mitchell Bakker's avatar
      Mitchell Bakker
      Iron Contributor
      Hi Prashant,

      Please post this in the excel community as this is not related to Microsoft Teams.

      Kind regards,
      Mitchell Bakker

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