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