Money & finance
Calculation method and formula
Net → gross: Starting amount × (1 + Tax rate [%] ÷ 100); Gross → net: Starting amount ÷ (1 + Tax rate [%] ÷ 100)
Understand the inputs
- Direction
- Choose the matching option; it determines the table value or calculation variant.
- Starting amount
- Use a measured value or your own assumption.
- Tax rate
- Unit: %. Use a measured value or your own assumption.
Assumptions and limitations
Tax is applied to the net amount. Removing it requires dividing the gross amount by the tax factor. The entered rate is not checked against law or country.
The formula uses the specified units. Displayed numbers are rounded; whole packs, item counts and full time periods may also be rounded within the calculation.