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Zakat Calculator Confusion
I am sure it’s my confusion instead. What is zakatable and what is not. So with following details, kindly help whether it’s like this or else
Accumulated assest
1. One house, approx value 4 crore on monthly rent 88000/- per month
2. Current balance in bank: 900000 (saving from pay, rent, pension)
3. 200,000/- in investment (saving)
Routinely, monthly earning for house running, and saving
285000/- pay
88000/- rent from house
185000/- pension
So what should I enter in calculator for zakat due?
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3 Replies
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Zakat Calculator Confusion
updated 4 months, 1 week ago
2 Members
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3
Replies
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Salary
Rent
Savings
Investment
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For the salary part, tax is deducted , so it’s still zakatable?
Plus salary, rent is utilised in expenses there and then and only some amount is saved over a period of time.
So how come annual salary, rent is also computed for zakat
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On salary and rent the zakat of production is applied. It is 10 percent of the income that is taxable. It is applied on every salary every month.
The taxes deducted on salary and rent are counted as zakat paid.
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