Topic: Incorrect Tax Calculation
I am new to system, i defined a withholding tax as 4.5%. When i create invoice it calculates 4.3%, can anyone help findingout out the reason? i am using ver.2.4.11.
Thanks.
2 05/23/2022 03:12:51 pm (edited by rafat 05/23/2022 03:29:24 pm)
Re: Incorrect Tax Calculation
Mention php and os versions. Give example of how you define this Tax
Re: Incorrect Tax Calculation
Thanks for response. It’s deployed on web-hosting. Below are the details:
Apache Version 2.4.53
PHP Version 7.0.33
MySQL Version 10.3.35-MariaDB
Architecture x86_64
Operating System linux
Re: Incorrect Tax Calculation
Can u please mention how you setup this Tax and give example of where the difference is?
Re: Incorrect Tax Calculation
May be you have checked included sales type from price list. Which makes the price included tax, which makes the amount of calculated tax vary. And it makes you to feel like the tax is less than actual.
Or you have adding shipping cost, but while checking the tax calculation you might missed to calculate shipping tax.
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Re: Incorrect Tax Calculation
Hello Kvvaradha,
you pointed out correct, it was due to Sales Type check mark, thanks. I have not checked shipping tax and not using it for now. However, when I uncheck it calculates correctly but now system is calculating tax as separate, which is increasing the net amount of invoice. E.g.. item1 sales price is 1600, it is adding 4.5 tax and making receivables 1672. How can I make price inclusive of tax. Thanks.