How To Calculate Zakat On Salary. Only if your total due zakah is more than the total tax you are paying then you need to top it up with the balance. As an example, if your total assets (after any debts owed) amounted to £10,000, then you would be required to pay £250 as zakat.
As for paying the zakat on that jewellery, the easiest way to calculate is to consider the current value of all that gold, and give 2.5 per cent of it as zakat, according to dr alkobaisi. If you want to know whether you are eligible to pay zakat or not, here is a simple formula. For example, an rrsp fund contains $100,000.
As for paying the zakat on that jewellery, the easiest way to calculate is to consider the current value of all that gold, and give 2.5 per cent of it as zakat, according to dr alkobaisi.
As this is extremely impractical to calculate for funds, you can take 25% of the value of your investment in the fund and pay 2.5% zakat on it. These zakat calculators let you find out the monetary value of each type of wealth and then work out 2.5% of the total sum. If what you have paid is less than your due zakat, then you must pay the outstanding sum. Use this calculator to calculate your zakat now.