Prayers & Duties >> Zakat & Charity

Question # : 170677

india

I am a private tutor and earn money through fees of the tuitions. Till end of year 2018, I accumulated 4 lakh. Now this year in 2019, by end Shaban my TOTAL amount in bank would be 8 lakh (that is 4 lakh of year 2018+4 lakh earned from Ramadan of 2018 till Shaban of 2019). I have a loan of Rs 75000. So how much Zakat will I have to pay?

Answer : 170677

Published on: Jun 20, 2019

بسم الله الرحمن الرحيم



(Fatwa: 816/707/SD=09/1440)



 



You will have to pay zakah on the remaining amount after deducting 75000 from eight lakh.




Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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