How to give different tax percentage for different products

Question

I want to give different % of tax for for products of different attribute set.I know very little about taxation. kindly someone guide me.

Answer 1

Add your Tax rate information by navigating to Sales -> Tax-> Manage Tax Zones & Rates .
Add the tax rule by navigating to Sales -> Tax -> Manage Tax Rules -> Add New Tax Rule. Use above Tax rule while creating your product.

Tax Rate is a combination of place, or tax zone, and percentage. A zone can be a country, state, or zip code.
A Tax Rule states that you pay this amount of tax if you are this class of purchaser, and you bought this class of product for this amount, and are shipping it to this place.
More details: https://www.packtpub.com/books/content/creating-tax-rules-magento