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Zakat On Pension And Other Post-Employment Benefit Plans
As Salaam o Alaikum,
Dear brother, please clarify the following. On retirement from government service, is zakat applicable on lumpsum (one time payment) amount received as (I)retirement gratuity, (ii)commutation of pension, (iii)leave encashment and (iv)deposits under General Provident Fund, although the same is exempted under government rules. And if so, what is the rate percentage in each of these cases.
Jazakullah Khair.
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