VAT Calculator 2.0

VAT Calculator

Version : 2.0.0.1
Size : 700 KB
License : Freeware
Release Date : 28 /July/2013
Operating System : WinXP,Windows2003,Windows Vista, Windows 7, Windows 8
   
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VAT Inclusive Formula:

VAT Exclusive Formula:

  VAT Inclusive is calculated within the selling price.
     Formula: ("Payable amount" X 100) / ("VAT %" + 100) = "Price"
     "Payable amount" - "Price" = "Actual VAT Amount"

    e.g.. lets assume a DVD player costs 1500.00  and a VAT of 12%, the calculation would look like:-
        (1500.00 X 100) / (12 + 100) = 1339.28 (rounded), 1339.28 is the price without VAT.
         1500.00 - 1339.28 = 160.71 (rounded), 160.70 is the VAT

  VAT Exclusive TAX Calculation VAT is added to the price.
    Formula: ("VAT %" / 100 ) X "Price" = "Actual VAT Amount"
                "Actual VAT Amount" + "Price" = "Payable amount".

     e.g.. lets again assume a DVD player costs 1500.00  and a VAT of 12%, the calculation would look like:-
          (12 / 100) X 1500.00 = 180.00, 180.00 is the actual VAT
          Now we need to add the Actual VAT to the price.
          180.00 + 1500.00 = 1680.00, 1680.00 is the payable amount.

 

     
 
Amount :
VAT % :
VAT Inclusive :
   
Results  
VAT :
Actual Amount :
Total Amount :