IF+AND+OR Combined Real World Example: Bonus & Commission in Excel | #IFFormula #LogicalFunctions

Welcome to Dr. Sourav Sir’s Classes, your destination for mastering Excel with real-world business logic! In this video titled "IF+AND+OR Combined Real World Example: Bonus & Commission in Excel", we tackle one of the most commonly used formulas in corporate Excel workflows—how to use IF, AND, and OR functions together to calculate employee bonuses and commissions based on performance metrics.

This tutorial is designed to show you exactly how these logical functions work in harmony, using a real-world business scenario. Whether you're an analyst, manager, accountant, or student, this example is something you'll encounter regularly in salary sheets, appraisal reports, sales data, or HR dashboards.

???? What You’ll Learn in This Video

✅ How the IF function works as a decision-maker

✅ How to combine AND conditions inside an IF formula

✅ How to combine OR conditions with IF for alternative logic

✅ Syntax and structure of =IF(AND(...), ..., IF(OR(...), ..., ...))

✅ How to assign bonus based on targets and tenure

✅ How to assign commission based on either revenue OR special performance

✅ Real-world scenario: Multiple employees, multiple conditions

✅ Tips for making your formula scalable and error-free

???? Real-Life Scenario Explained in This Video

Imagine a company where:

Employees get a bonus only their years of service is more than 2

Alternatively, they received a special performance rating, they get a commission

???? Why This Topic Is Important

In today’s data-driven world, knowing how to apply logical conditions in Excel is a must for:

HR professionals managing appraisal and compensation

Business analysts generating performance reports

Accountants handling incentive structures

Students preparing for Excel tests and interviews

Entrepreneurs automating staff management sheets

????‍???? Who Should Watch This Video?

Excel beginners and intermediate learners

Business and finance professionals

BBA/MBA students

Data entry operators and MIS executives

Anyone who builds Excel sheets for people management, sales, or finance

???? You’ll Also Enjoy Watching

➤ Nested IF Formulas Explained with Salary Grades

➤ Excel VLOOKUP vs IF with Conditions

➤ Using COUNTIF and SUMIF in Performance Reports

➤ Dynamic Drop-Downs with Dependent Lists

➤ Excel Dashboard with Real-Time Salary Adjustments

???? About Dr. Sourav Sir’s Classes

We offer complete Excel training from beginner to advanced levels:

Excel, Advanced Excel, Power Query, Power BI

Data Analysis, Financial Modeling, Python for Data Science

Coaching for ISI, IES, CUET PG, UGC NET, IIT JAM, and more

Skill-based programs for professionals and students

Mode: Online and Offline – both available
???? Website: www.souravsirclasses.com
???? Contact: +91 9836793076

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Let’s make Excel smart, practical, and fun—one formula at a time!

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