Zakat Versus Taxes
I understand there are two types of Zakat: 1. Zakat on income (which functions like a tax), and 2. Zakat on savings at 2.5%. My question is if: • My Zakat payable on income is 100,000, but I have already paid 140,000 in tax — meaning I’ve effectively paid 40,000 extra. • My Zakat on savings comes to 40,000. Since I have already paid 40,000 more than the income‑Zakat amount, does this excess cover my savings Zakat as well, so that I don’t need to pay the additional 40,000? Or are they treated separately?