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How do I calculate the amount of sales tax that is included in total receipts?

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Its very simple, Just apply this formula sales tax=Amount of Receipt*tax rate/(100+tax rate)

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Very simple. For example , if you sell a product for Rs100 and the sales tax on it is 10% , so the totoal billing is Rs110 . So you receive Rs100 as total receipt . Now 9% of the total receipt is your tax amount . So it is always 1% less than the tax amount . Hope it answers your question.

Amount (included sales tax) * sales tax rate / 100+ sales tax rate

Sales tax = (amount received * Rate of tax)/(100 + rate of tax). Eg. If total receipt is INR 110 and tax rate is 10% then Sales tax will be 110*10/110= , 10 I. e. Sale value =110-10 =100 And Tax = 10

CA-Inter Cleared (Accounting Technician Executive)

Go for Cross Muliplication

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