Zakat On Business Income
My income is taxable so I am liable to pay zakat of production but earlier it was only me doing labour so I used to do 10% zakat. Now I have got an employee whom I pay salary. Now would my zakat lessen to 5%? (Given the fact that the salary I pay to him is a very small portion of my overall monthly income?
Sorry there has been a misunderstanding. No my income is not small. Its definitely taxable the confusion I have is that I was paying 10% zakat earlier but now I have got that employee but his salary is a very small amount of my monthly income. Should it still lessen my zakat to 5%? For sake of example I earn 10 lacs and I was paying 10% zakat on it. Now I got employee at 30000 salary. Its a small one as compared to the 10 lacs. Still it would lessen the zakat to 5%?