Nisab Application And Zakat On Salary On The Amount Above Nisab
Nd sir what if someone is earning 25k per month but he has some loan obligation whose EMI is 30k per month nd household exp are 10k per month meaning by he is earning 25k but expenditures are 40k still zakat will be applicable on gross receipts i.e 25k irrespective of income.. Same way if someone has business income but incurred net loss still he has to pay zakat on gross receipts rather than on net income