Tax, Calculation of Tax and Simple Application of Tax Calculation in Goods and Service Tax, Income Tax

Tax is not a penalty — it is the price of living in a society that builds roads, pays teachers, and keeps the lights on. In this section, you will learn how to compute tax in two real-world systems: Goods and Services Tax (GST), which you pay on almost every purchase, and Income Tax, which you pay on your earnings. The focus is on the simple arithmetic of tax calculation — finding the tax amount from a given rate, and then applying it to practical situations like billing or salary slips. O …