Tax Rates


From this page you can create the tax rates that you want to levy on Product/Invoices. The Tax would be active if Active = Y.



(Figure 1 - Tax rates page)


How to create Tax rates :


1. Navigate to TaxRates page

2. To enter a new Tax, click on (+) Add and enter the following details

3. Save the record (see figure 2).



(Figure 2 - Tax rates entry pop up)


Different fields in this page are:


  1. Tax Name : here you can set the tax name as you would like to define it
  2. Ledger : choose the ledger type from the drop down with which you would like to associate the tax
  3. Tax Type : here you can set Tax type
  4. Returnable : here you can set returnable percentage
  5. Tax Rate : here you can set tax rate from this field
  6. Return Rate : here you can set return rate
  7. Description : add some description regarding the tax type
  8. Active check box : click on this box if you want to keep the tax type active