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Aug 06, 2010 at 11:00 AM

Tax Rate Calculation

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Hello Experts

I have a Tax combination BED+VAT contains the following tax codes

BED = 16%

E Cess = 2% (on BED)

HS Cess = 1% (on BED)

VAT = 4% (on (BEDE CessHS cess) )

when manually calculated the total tax percentage is 21.1392%

where as in B1 under the tax code it shows Tax Rate as 23 % (1621+4)

Is there any possible way to get the correct Tax Rate in Business One 8.8 .

Regards

Arun