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.

Video Demonstration

Calculate Bonus in Excel Using IF Function

Click on the following button to download the file used in the demo to practice along with us.

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

Excel Learning Series – TOC

  1. Excel 2016 – Basics – Find Sum, Average, Min and Max
  2. Excel 2016 Difference Between Formulas and Functions
  3. Excel 2016 Copy Formulas or Functions
  4. Microsoft Excel Auto Fill
  5. Excel 2016 Manage Views using Freeze Panes
  6. Microsoft Excel – Saving Workbooks
  7. Excel Upper and Lower Text Functions
  8. Excel 2016 – Text Function – Proper
  9. Excel Text Functions – Trim Function
  10. Excel – Text Function Left Function
  11. Excel Text Function – Right Function
  12. Excel Text Functions – MID Function
  13. Excel Concatenate Text Function
  14. Excel Nested Functions
  15. Excel Search Function
  16. Excel – Calculate Age using Date Function Today
  17. Calculate Tenure in Excel with Days Function
  18. Autofill Dates in Excel
  19. Formatting Dates in Excel
  20. Excel Date Format Shortcut
  21. Calculating Sum of Time in Excel
  22. Calculate Expiry Date in Excel 2016 – EDATE
  23. Find Age or Tenure using DATEDIF in Excel 2016
  24. RandBetween – Generate Random Dates in Excel 2016
  25. Excel Weekday Function
  26. Excel WeekNum and ISOWeekNum Functions
  27. Excel Networkdays and Excel Networkdays.INTL
  28. Excel Workday and Workdays INTL Functions
  30. Calculate Time Difference in Excel
  31. Calculate Quarter in Excel
  32. Rounding Day, Hour and Minutes in Excel
  33. Excel Pay Rate and Downtime Cost Calculation
  34. Excel Logical Functions IF, AND, OR
  35. Calculate Bonus in Excel Using IF Function
  36. Excel Learning – SumIF and SumIFS
  37. How to use Excel Count Functions
  38. How to use VLOOKUP in Excel
  39. How to vLookup in a different workbook in Excel
  40. VLookup for Multiple Sheets with Example
  41. Excel Custom Quarters
  42. Vlookup Return Custom Value

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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

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Syed Hussaini

I am a Support Specialist with 15+ Years of experience and exposure in Training, website development on WordPress, Joomla, and Google Sites, Customer Support, IT Operations, Team Management, Knowledge Management. My engagement in a corporate environment and freelance projects has taught me to be highly productive and independent.


  1. I have a formula that I am entering using the IF function in the PowerPoint 2016 Excel book that is not coming out valid: [Years of Service]>=10 comes up invalid, next ‘Data Tables’!$B$19, comes up 500, next IF([Years of Service]>=5,’Data Tables’!$B$18,’Data Tables’!$B$17) comes up with all that I wrote. I need to have a false or true answer indicating who will get the bonus but a syntax warning pops up. I have asked my Professor she had me use another formula which did not work! I am stuck! Do you have any suggestions. My email would appreciate it tremendously!

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