This is where you can create various Taxes relevant to your Business. You also have the option to edit the tax rates whenever there is a change in tax rates.
Step 1 : Click Settings Click income
Step 2 : Click tax settings under income tab then Click taxes Step 3 : Click Add tax
Step 4 : Fill the Tax details
(Tax Name, tax class, Abbreviation, Tax Type, subtype, Tax Number, Show Tax Number on Invoices, Ledger, Tax Rate)
Step 5 : If you want to Show Tax Number on Invoices Enable the checkbox Step 6 : Click Create