Taxes are managed via templates. A Tax contains a list of Tax Detail which contain Tax Account and Rate. You can create different Taxes for your Items and set them in the Item Master. You can also apply these taxes while creating an invoice and bill it to the customer.
Creating a new Tax:
Step 1: Click on the Tax option from the sidebar in order to get the list view.
Step 2: Click on the new Button, you will get a blank form.
Step 3: Fill in the details and click on save, a new tax will be created and the name of the tax will appear in the list view.