Taxes

In Zoho Expense, you can associate taxes to your expenses. The Taxes section under the Settings allows you to:

Creating a New Tax

  1. Navigate to Admin > Settings.
  2. Go to the Taxes tab and click on the + New Tax button. Taxes window
  3. Provide a name for your tax and set the percentage.
  4. Click Save to add your newly created tax. Add New Tax

Creating a Compound Tax

Compound tax is calculated on top of the primary tax.

Let’s take an example where the price of an item is $100. After applying 10% primary tax, the value of the item sums up to $110. Now, adding a 10% compound tax will add 10% of $110 to the resultant value. Thus, the end value after applying the compound tax would be $121.

  1. Go to the Taxes tab and click on the + New Tax button or click on an existing tax entry.
  2. A new pop-up window will appear on the screen.
  3. If you wish to convert the tax into a compound tax, check on the ‘Yes, this tax is a compound tax option. Create Compound Tax
  4. Click Save for the changes to take effect.
  5. Now your tax of choice will be converted into a compound tax.

Creating a New Tax group

  1. Navigate to Admin > Settings.
  2. Go to the Taxes tab and click on the + New Tax Group button.
  3. You will see a window with the list of available taxes created under the Taxes tab. Add New Tax
  4. Provide a name for your tax group and check the taxes which you would like to add to your newly created tax group.
  5. Click Save to save your newly created tax group.