Annual Zakat On Savings In Addition To Zakat On Production?
Please guide me on following questions. After paying 10% Zakat on salary each month, lets say first time calculation of annual savings of same money earned through monthly salary on which 10% Zakat is already paid, reached to 100K, do I also have to pay 2.5K annual Zakat?
If YES then next year, if savings are still 100K, do I still have to pay annual Zakat on 100K as Zakat is already paid on same amount last year (like we don’t pay taxes for same amount each year)?
Follow up question, If savings becomes 150K, annual Zakat would be on 50K or 150K?
And if another year, savings reduced to 120K, do I have to pay Zakat on 120K or no Zakat and keep 30K loss to be calculated in next year Zakat? And lets say next year zakat again becomes 150K, you pay no zakat since Zakat is already paid on 150K. But if your saving becomes 180K, you still pay no Zakat since you carry over loss of 30K from previous years?
Moreover, if all jewelry is for personal use, I mean, not wearing everyday but in family get togethers and occasions, is Zakat still applicable on that yearly which only used occasionally but not daily?
if YES then same question, if Zakat paid once then it has to pay every single year on same jewelry?
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