Zakat Calculator

Post on 14-Dec-2015

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Transcript of Zakat Calculator

Zakat CalculatorJust fill-in the provided fields and Zakat payable will be calculated automatically!

The value of assets on which Zakat is payable should be valued using the following system:

1. Gold/Silver in any shape/form for any purpose (value after deducting cost of stones and impurities-Khot)2. Value of land, house, building which is purchased for onward sale3. Cash in hand, Deposits with Banks or with any other person as Amanat (Custody)4a. Foriegn Currency4b. Prize Bonds4c. Insurance Premium already paid4d. Amount Deposited/paid for Hajj4e. Loans which are recievable4f. Amount deposited against BC (Committee)4g. Deposit against Imports (LC Margin)4h. Payment made to banks for goods4i. Investment as a partner in any business4j. Savings certificates of all sorts (such as NIT, NDFC, FEBC)4k. Provident Fund which is deposited with employer4l. Raw materials4m. Value of goods sold & payment of which is recievableTotal Value of Assets

DEDUCTIONS: You have to deduct the following before calculating Zakat Payable

5. Loans which are payable6. Mehar Payable7. Value of goods that are bought on credit8. Balance installment of BC which you have already received9. Salaries of staff which are payable for this month10. Rent payable11. Taxes Payable12. Utility Bills Payable13. Other LiabilitiesTotal Deductions

Net Value of Assets

Total Value of Assets

Net Value on which Zakat is Payable

Zakat Payable = 2.50% of Net Value of Assets = ** Rs.

** All calculations are based on the Islamic Calendar Year. To calculate Zakat for the English Calendar Year, use 2.58% of Net Value of Assets.

Less Total Deductions

Zakat CalculatorJust fill-in the provided fields and Zakat payable will be calculated automatically!

The value of assets on which Zakat is payable should be valued using the following system:

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 <<------------ Do Not Write In This Box

DEDUCTIONS: You have to deduct the following before calculating Zakat Payable

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 <<------------ Do Not Write In This Box

Net Value of Assets

0.00 <<------------ Do Not Write In This Box0.00 <<------------ Do Not Write In This Box

0.00 <<------------ Do Not Write In This Box

0.00 <<------------ Do Not Write In This Box

** All calculations are based on the Islamic Calendar Year. To calculate Zakat for the English Calendar Year, use 2.58% of Net Value of Assets.

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