Zakat calculator 2025: Check your dues for this Ramadan here
Notification says no Zakat deduction at source if account balance is below Rs179,689
As the government has fixed the Nisab for Zakat at Rs179,689 for 1445-46AH, which is applicable to savings, profit and loss sharing accounts, and similar deposits, here’s a simple way to calculate your zakat obligation this Ramadan.
Zakat is calculated at 2.5% of the total amount surpassing the Nisab limit. To estimate how much zakat you owe, enter the figures and get your results here:
In a notification issued on February 26, 2025, to the State Bank of Pakistan (SBP) and Zakat collection controlling agencies, the Administrator General Zakat has announced the Nisab of Zakat.
The notification reads that no deduction of Zakat at source shall be made, in case the amount standing to the credit of an account in respect of the assets mentioned in column 2 of Serial No.1 of the first schedule of Zakat and Ushr Ordinance, 1980, is less than Rs179,689 on the first day of Ramzan-ul-Mubarak, 1446 AH.
“The first day of Ramazan-ul-Mubarak has already been notified as the ‘deduction date’ likely to fall on 1st or 2nd March 2025 (subject to appearance of the moon) for deduction of Zakat from saving bank accounts, profit and loss sharing accounts and other similar accounts having a credit balance of Rs179,689.”
“A copy of the return of Form CZ-08 (A & B) may be provided to this ministry immediately after depositing Zakat in Central Zakat Account No.CZ-08 is being maintained with the State Bank of Pakistan (SBP),” according to the notice.
It is worth noting that in 2024, the Nisab for Zakat was set at Rs135,179 for the year 1444-45AH, while in 2023, it was Rs103,159.
-
Netflix stock sinks 9% on weak Q3 forecast amid viewership data pullback
-
China jails blogger for 20 months over fake Xiaomi EV video
-
How the SpaceX IPO earned millions for SBA Administrator Kelly Loeffler
-
Why Brazil is pushing back against US 25% tariffs: What to know
-
SpaceX stock under pressure as short sellers increase bets
-
Bank of Canada sees economic recovery despite tariff and Middle East risks
-
AWS executive Dave Brown to leave Amazon after 19 years
-
Publix shuts select supermarkets despite continued sales growth