title: How to set taxes following in OpenERP?
body: <p>How to set taxes following in OpenERP?
  PRIVATE LIMITED FORMULA FOR INVOICE.</p>
  
  <pre><code>PRODUCT NAME     QUANTITY       RATE    AMOUNT.
  Sugar            22000KG        21.00   4,62,000/-
                                          ________
  (Gross Price including
  With Profit margin)                     4,62,000/-
  BASIC EXCISE @12% (462000*12%)            55,440/-
   EDU.CESS@2%         (55440*2%)            1,109/-
   SEC.HIGHER EDU CESS@1%                     5,54/-
   (55,440*1%)                                
                                          ________
                                          5,19,103/-
  VAT @4% (519103*4%)                        20764/-
  ADD VAT@1% (519103*1%)                      5191/-
                                          _________
                                      5,45,058/-
  </code></pre>