Nisab Application And Zakat On Salary On The Amount Above Nisab
As for individual debt , please refer to the following thread : Discussion 80543 __ As for business losses , two points must be kept in mind: i ) Taxes paid to the Government can be adjusted against Zakat Obligation. This includes all forms of taxes including income tax, sales tax etc. ii ) If one is still not in a position to Pay Zakat obligation because of a net loss then Zakat obligation would be waived and one should do Charity to the best of their ability. Please also refer to the video below from 23:45 to 26:55 https://youtu.be/AhtsALu32_k?t=1425