In normal circumstances, Excel places a limit on the number of nested conditional formulas that you can use. The limit is 7. However, it is possible to circumvent the limitation over the number of ...

So cleverly, instead of forcing you to return a hard value such as 3, Excel lets you use this false field to test another condition using a nested IF statement.

Added by Microsoft in 2016, the IFS function replaces the need for multiple nested IF statements. You can put all your conditions (percentage grade cutoffs in this example) in one function, making it ...

Now, you can use nested IF statements in Excel to achieve results. But if you have many income tiers, the end formula would be complex and difficult to read.