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  • Zakat On A Single Source Of Income

    Posted by Fawad Shah on April 8, 2021 at 2:45 am

    AoA. My question is regarding zakat due on savings from a single source of income which has already been taxed e.g. Salary. Recently, Ghamidi sb explained that 10% zakat is to be given by an employed person on his/her salary.

    Now, if a person has already paid 10% or more as taxes on salary and has still managed to save in cash, stocks, bonds, etc from the taxed salary, will 2.5% zakat still be valid on these savings after an year?

    Faisal Haroon replied 2 years, 10 months ago 4 Members · 4 Replies
  • 4 Replies
  • Zakat On A Single Source Of Income

    Faisal Haroon updated 2 years, 10 months ago 4 Members · 4 Replies
  • Altamash Ali

    Member April 8, 2021 at 3:02 am

    Yes, but only if the savings is not saved for a particular task in future.

    2.5 % of Zakat is applicable on saved wealth, which anyone have for no purpose in future. Slight Smile

  • Umer

    Moderator April 8, 2021 at 3:12 am

    Please find summarized law of Zakat here:

    Discussion 4133 • Reply 4136

  • Fawad Shah

    Member April 8, 2021 at 8:04 am

    Thank you for the response and link @altmash and @UmerQureshi

    Just so that I can be sure that I have understood correctly, could you please verify if the following is a valid assumption:

    Yearly Salary: 100,000

    Yearly Tax (30%): 30,000

    Zakat liable (10%): 10,000

    Extra deducted: 20,000 (30,000-10,000)


    Savings (as investment): 50,000

    Nisab Silver (assumed): 400

    Zakat liable amount: 49,600

    Zakat liable (2.5%): 1,240

    But since 20,000 surplus was already deducted from yearly salary then its safe to assume that 1,240 on savings can be adjusted in this amount and waived off from Zakah?

    • Faisal Haroon

      Moderator April 8, 2021 at 9:14 am

      This is correct.

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