Inclusive vs. Exclusive Tax Calculator
Calculating Sales Tax, GST, or VAT can be confusing depending on whether the tax is already included in the price or needs to be added. This tool handles both scenarios effortlessly.
How to use?
- ➕ Add Tax (Exclusive): Choose this if your price is $100 and you need to add 15% tax on top of it.
- ➖ Remove Tax (Inclusive): Choose this if you have a receipt for $115 and need to find out what the original price was before tax.
Formulas Used:
Exclusive (Adding Tax):
Total = Amount + (Amount × Tax Rate / 100)
Inclusive (Removing Tax):
Original Price = Total / (1 + Tax Rate / 100)
This utility is essential for small business owners, freelancers, and accounting professionals to generate accurate invoices.
