danielcompton/gist:6724333

Created September 27, 2013 04:53

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Excel formula for calculating NZ tax paid on annual income.

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gistfile1.txt

=IF(B2<=14000,SUM(B2*10.5%),IF(B2<=48000,SUM(B2-14000)*17.5%+1470,IF(B2<=70000,SUM(B2-48000)*30%+7420,IF(B2>=70001,SUM(B2-70000)*33%+14020))))

Turbo-Jet commented Mar 21, 2024 •

edited

Hi all,
Just created a Google Sheet to help calculate the tax, also the ability to include deductions for Kiwisaver and ACC levy. You can add your custom values to the boxes in green.

https://docs.google.com/spreadsheets/d/1hPtxMEZgM4t4Z2_cyE-G05yDzwvaSKH_f3U48-s9B0o/edit?usp=sharing

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