Zakat Calculation – Illustration For Year 1, Year 2
You’re confusing multiple things. Your zakat due in Year 1 will be $10,000 on earnings and no zakat on assets. In Year 2 your zakat will be $10,000 on earnings plus $1650 on assets of $66,000. I strongly encourage you to use our Zakat Calculator and plugin the numbers as explained. When you reach the end, it will generate a statement showing you exactly what percentage is applied to what and how much you owe. This will be a great way to learn as well. View Zakat Calculator