A tax calculator helps you easily add or extract tax (like VAT or Sales Tax) from a given amount. This is essential for accounting, shopping, and business invoicing.
Select whether you want to 'Add Tax' (find the gross amount) or 'Extract Tax' (find the net amount before tax). Enter the amount and the tax rate percentage.
To add tax: Net Amount × (1 + (Tax Rate / 100)). To extract tax: Gross Amount / (1 + (Tax Rate / 100)).
If a product costs $100 before a 20% tax, the final price is $120. If you have a $120 gross price and want to find the price before 20% tax, it is $120 / 1.20 = $100.