How To Calculate Zakat On Salary

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How To Calculate Zakat On Salary. So you will calculate your zakat on the net amount. This means that if you calculate your zakat with the gold nisab and have more than pkr 723,000as the worth of your savings and assets for a full lunar year, you are eligible to pay zakat on them.

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The employee with a salary will find himself in one of the following two situations: You can calculate nisab in terms of either gold or silver value. Zakaah on the salary of an employee:

If net yearly savings falls below this amount, he or she is exempt from paying zakat.

Zakat is due on whatever balances you have maintained for a year or longer at the time of payment, as long as you have reached the nisab. Zakat should be calculated on 2.5% of all net savings one possesses that is above the nisab value. Use this calculator to calculate your zakat now. Your first concern, that whatever salary you received a month later wouldn't be zakated for another two years is true, but that's fine.