Zakat On Inheritance Amount And Salary
Please go through the following law of Zakat which is summarized in the best way possible and feel free ask your follow-up questions in case of any confusion. Discussion 58129 • Reply 58137 ___ Some important points in your scenario that must be kept in mind: 1 ) There is 10% production Zakat applicable to your salary and production zakat (or earnings zakat ) is separate from Zakat on wealth (or zakat on savings or zakat on assets ) which is calculated at 2.5% at year-end . 2 ) The inheritance amount will become part of your welath and hence would be subject to 2.5% Zakat at year-end ( if still with you at that time ). 3 ) Total of zakat obligation (production+wealth) can be offset against all the government taxes paid throughout the year.