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Is Zakat Not Necessary If You Are Paying Taxes?
In one of the discussions, you mentioned that if the Govt is collecting tax from you then your obligation to pay zakat is considered done and you are not required to pay zakat separately but you can pay with your own free will.
My question is that taxes are calculated based on your income in the past year whereas zakat I believe is supposed to be on your possession held for more than one year and they are within the zakat jurisdiction. So how do you see this?
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Is Zakat Not Necessary If You Are Paying Taxes?
updated 3 years, 5 months ago
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In a separate conversation on a similar topic, it was stated by the moderator that it is not just income tax that can offset Zakat obligation but other taxes too; more specifically property tax
But we pay lot of other taxes too. Here is a list of some major ones that I can think of.
State Income Tax
Federal Income Tax
City Tax
Sales Tax
Property Tax
Vehicle/boat tax
There is small amount of tax or sometimes named as fees on almost every thing.
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Any taxes paid can be deducted from the total zakat obligation.
Zakat on production / earnings is separate from zakat on savings / assets. Please refer to the following zakat FAQ for details:
Also you can enter appropriate numbers in our Zakat Calculator after reading description for each box. When you reach the end, it will generate a statement showing you exactly what you owe after any applicable deductions, and what percentage was applied to what. It’s also a great way to learn the sharia of zakat.
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