If the institute is having tax slab for fees, the admin/privileged user can create tax slabs in which the tax will automatically get calculated inside the portal.
In order to enable and create tax slab, the user has to perform the below steps:
Steps 1: Go to Menu > Administration > Settings > Finance > Tax
Step 2: Click on the tax slab option.
Step 3: Click on the “New Slab” button to create a new slab.
Step 4: Enter the Name, Rate, and Description for new Tax Slab.
Step 5: Click on Create Tax Slab to save it.