-
Zakat On Inheritance Amount And Salary
Government deducts tax from my monthly salary. How I calculate my zakat on my saving? Secondly I receive some amount (turkay) after death of my mother. How is the total zakat calculated?
-
1 Reply
-
Zakat On Inheritance Amount And Salary
updated 1 year, 7 months ago
2 Members
·
1
Reply
-
Please go through the following law of Zakat which is summarized in the best way possible and feel free ask your follow-up questions in case of any confusion.
Discussion 58129 • Reply 58137
___
Some important points in your scenario that must be kept in mind:
1) There is 10% production Zakat applicable to your salary and production zakat (or earnings zakat) is separate from Zakat on wealth (or zakat on savings or zakat on assets) which is calculated at 2.5% at year-end.
2) The inheritance amount will become part of your welath and hence would be subject to 2.5% Zakat at year-end (if still with you at that time).
3) Total of zakat obligation (production+wealth) can be offset against all the government taxes paid throughout the year.
Sponsor Ask Ghamidi
