No | Cost / Price | Tax % | Tax Amount | Total Amount | Break Up |
---|
Cost / Price is the cost / price of the product or service
Sales Tax is the percent to be applied on the cost / price of the product or service. This tax amount varies from region to region so you need to know approriate tax applicable to your transaction
Sales Tax Amount is that Tax amount applicable based on Sales Tax percentage
Total Cost / Price is the amount to be paid for the product or service inclusive of the price and tax.
Break up is the visual representation of what contributes as Cost/Price and Tax amount if total Cost / Price is 100%
Calculate button can be used compute the Tax amount and Total Cost / Price given Sales Tax percentage and Cost / Price of the product or service
e.g., To calcualte Sales Tax enter the Sales Tax % and Cost of goods
and then press Calculate button