# Effective Tax Rate for Individual and Corporate Calculation, Formulas

# Effective Tax Rate Calculator

Calculates the average taxation rate for an individual or a corporation.

Step by step calculation

Step by step calculation

### Effective Tax Rate Formula for Individual

Effective Tax Rate = (Total Tax expense / Taxable Income) x 100

### Effective Tax Rate for Corporate

Effective Tax Rate = Total tax expense / (Net income + Total tax expense) x 100