How to Calculate Zakat on Salary

How to Calculate Zakat on Salary

How to calculate zakat on salary

How to calculate zakat on salary? Do you own zakat being a salary person? What is the percentage of zakat on a salaried person?

If you are a job holder, some of all of these questions might have surrounded you once or twice in your life. To make sure that you are paying off all the religious obligations on you, in a better way, you must get answers to all these questions.

Related Article: Must Read

-> Six Kinds Of People To Whom Zakat Can Be Given

How to Calculate Zakat on Salary

Purify Your Wealth By Giving Zakat

It requires giving a calculated amount (usually 2.5%) to the poor and needy. The more Zakat that is paid, the more beneficial it is to the poor and needy. There are many organizations all over the world that allows the users to pay their zakat online. First of all you’ll need to work out whether you’re obligated to pay Zakat online by looking at whether what you own meets the Nisab.

The value of the Nisab in prophetic tradition is 87.48 grams of pure gold or 612.36 grams of pure silver so the monetary value of the Nisab will vary according to current prices. Due to the significant difference in the cost of gold and silver, the Nisab for silver is now much lower. Although both values can be used, many scholars advise that we apply the Nisab of silver when calculating our Zakat so more of us are eligible to pay it.

Before you pay your zakat online to any charity organization, you must know that Zakat should be calculated and paid on any surplus wealth that you have owned for at least one lunar year.

Pay Zakat Online

This Include

  • Gold, silver, precious metal, including ornaments/jewelry containing gold/silver
  • Stocks and shares
  • The money you have lent to others
  • Cash in bank accounts, committees, or at home
  • Any business stock
  • Pensions
  • The property you own for investment purposes

The easiest way to pay zakat online is to first calculate your zakat amount. There are many charity organizations who give you a facility of zakat calculator which you can use to calculate your zakat amount. These zakat calculators let you find out the monetary value of each type of wealth and then work out 2.5% of the total sum.

You can also Calculate zakat Online on your salary by using our Online Zakat Calculator on our website

As to be eligible for zakat, you have to own a certain amount for one full year, if you are a salaried person, in a way that you are left with nothing by the end of the month, you do not have to pay any kind of zakat. Here important to note is that this one full year starts from the date of possession of the nisab which is said to be the minimum wealth on which zakat has to be paid.

According to the Muslim scholars, on this basis, you are not doing have to pay zakat. However, if you are saving some money from your earnings, the saved amount has reached nisab,  and one full year has passed on this, you have to pay zakat on that asset. Some of the important points for zakat on salary can be addressed as follow:

  • If any person falls under the following categories:
  • He spends all of his earning and has no saving
  • He saves some of the amount earned sometimes more sometimes less,

If he falls in any of these two situations, and he is not willing to give to any charity to anyone then he must align a written schedule of all the earning and spending and write down every amount with the date and then pay zakat for each amount noted, separately. But this amount can be given only on the saving that is with him for more than one year

However, if the person is generous and wants to give to people in need, he can pay zakat all the money he owns, by the end of one year from the time when his owned wealth first reached the defined value of nisab.

This one of the most common questions that is relevant to the willingness of a person and not, in terms of paying zakat. When it comes to talking about the zakat on salary topic, there is a long list of questions that need to be answered in detail for their actual and authentic clarifications.

Pay Zakat online here:

 

 


Comments

  1. Assalamualaikum…! Please let me know the following: I am a salaried person and the amount I get I spend legally for household expenses. But nothing remains. But still I would like to pay Zakat. I want to calculate zakat amount on the net salary I receive after deductions for this month of May.. Can I do so? Please respond.
    snashafi@yahoo.co.in

    1. Dear Shaik Nazim,
      Thank you for your query. As per our understanding, zakat is only applicable on the savings and gold/silver etc. after 1 year of possession and also after you pay for all your expenses. I recommend you to calculate your zakat using our zakat calculator to have an exact idea about how much amount you should pay. Kindly go to this link “https://www.transparenthands.org/pay-zakat-online/” and click on the “pay zakat now” bubble in the bottom right of your screen and calculate your zakat. Should you have any further questions, feel free to ask.

      Thanks.

  2. Asslamualekum my name is shabenaz m salaried prsn I have got 25844 some of this amount I had saving in bank like fd and Rd my qtion is what amount I have to be paid as my zakat. ..pls advise …

    1. Dear Shabenaz,
      Thank you for your query. I recommend you to calculate your zakat using our zakat calculator to have an exact idea about how much amount you should pay. Kindly go to this link “https://www.transparenthands.org/pay-zakat-online/” and click on the “pay zakat now” bubble in the bottom right of your screen and calculate your zakat. Should you have any further questions, feel free to ask.

      Thanks.

  3. I am a salaried person .i saved an amount of 6 lakhs in one year and gave zakat on it however i didnot spent any thing from my saving and next year i had 14 lakhs so do i have to give zakat on 8 lakhs this year as zakah because i already gave zakah for 6 lakhs previous year ..plz answer

    1. first year zakat on 6 lakhs.
      for next year zakat on remaining 5.85 lakhs and also new 8 lakhs after roughly 1 year accumulated wealth. so simply said yes zakat on the ≈14 lakhs.

      mathematically, if you do not grow your wealth annually. you wealth will decrease yearly. for example if you do not grow your 14 lakhs.
      after 10 years, wealth reduce to 11 lakhs. And so on… after 50 years you are left with just 4 lakhs from the original amount of 14 lakhs.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.