is zakat tax
Two Zakats are therefore equal to two simple terms. Tax rate is very high and zakath rate is very lawonly 25 of all your balance There is no zakath for your daily usage things and necessary items like food dress medicine home and groceriesetc. Pin On Zakah Zakat The 3rd Pillar Of Islam Poor S Right Zakat and Taxes What category does Tax come under. . The Prophet Muhammad on him be peace established Zakat as the third of the five pillars that Islam is built on. It is not permissible for the taxes which people pay on their wealth to be counted as part of the zakaat which they are obliged to pay. Zakat is calculated at 25 percent of the annual income of a person or a family. Zakat is a charity God obligates Muslims to pay yearly on their money and property. Self-employed expatriates such as doctors accountants lawyers etc. How Is Zakat Tax Calculated. Therefore regardless of what money you might gain or lose