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Zakat On Saved Salary On Which Production Zakat Has Already Been Paid
If you paid tax on your salary and amount is saved in account, do we still pay zakaat?
If invested in a business for saving purposes does apply zakaat on amount invested.
Thank you
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1 Reply
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Zakat On Saved Salary On Which Production Zakat Has Already Been Paid
updated 3 years, 2 months ago
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Yes, if you have saved money from your salary on which you have paid zakat, on saving you have to pay the zakat of saving once a year at the rate of 2.5% of the amount if it meets Nisab.
The money invested is also liable to pay zakat like that of savings.
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