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"In this video, we simplify tax concepts. We start by introducing tax as a source of government income using a restaurant bill as our example. Next, we explore sales tax with a practical example of a smartphone purchase, solving a question step by step. Then, we break down VAT by showing how it works from a manufacturer’s perspective to a retailer, and finally, we explain GST with a similar real-life scenario. This clear, NCERT–based explanation makes it easier for students to understand how different taxes work in everyday life. Whether you’re a student looking to grasp these concepts or a teacher searching for classroom resources, this video is your go-to guide for mastering tax basics in 8th grade. Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now! https://www.khanacademy.org/math/ncer... Timestamps: 00:00 Example of a tax 00:40 Introduction to tax 01:29 Sales tax 02:01 Solved example for sales tax 02:51 Value Added Tax 03:29 Solved example for VAT 04:45 GST 05:15 Solved example for GST Khan Academy India is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We have videos and exercises that have been translated into multiple Indian languages, and 15 million people around the globe learn on Khan Academy every month. Support Us: https://india.khanacademy.org/donate Created by Sarath Penumuru