Finance

Generic Tax Rate Calculator

Add a user-supplied tax rate to an amount or remove an included percentage rate from a total.

Generic Tax Rate Calculator

Finance
Calculated amount 1,180

Enter the rate applicable to your transaction. No country-specific statutory rate is assumed.

Add a user-supplied tax rate to an amount or remove an included percentage rate from a total.

HOW TO USE

How to use this calculator

Enter the amount and the rate that applies to your situation. Choose Add tax or Remove included tax, then calculate.

EXAMPLE

Worked example

Adding 18% to 1,000 returns 1,180. Removing an included 18% from 1,180 returns 1,000.

ASSUMPTIONS

Assumptions

The rate is entered by the user and is treated as a simple percentage applied once to the amount.

LIMITATIONS

Limitations

This tool does not determine which tax law, exemption, slab, threshold or statutory rate applies to a person or transaction.