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Published by ibfimlms, 2024-03-13 20:35:13

Zakat Calculator 2020

Zakat Calculator 2020

INCOME ZAKAT CALCULATOR 2020 PART A INCOME COMPONENT A1 Yearly Salary and Wages A2 Yearly Professional Fee and Other Income A3 Income from rental of house/ transport; Income from agricultural produce – e.g. rubber, palm oil; Income from farm animal produce – e.g. chicken egg, dairy, honey. A4 Income from gift or donation E.g. Hibah, monetary token/ honorarium, pension of spouse, sadaqah, reparation/ compensation, inheritance. TOTAL (A1 + A2 + A3 + A4) PART B THRESHOLD (HAD KIFAYAH) DEDUCTION B1 (Household Threshold) Self RM 12, 936 Wife RM 4,848 p.p Dependent studying in University RM 7,104 p.p Dependent not working (18 years and above) RM 2,172 p.p Children between 7 - 17 years RM 4,008 p.p Children below the age of 6 years RM 1,740 p.p B2 Additional threshold (if applicable) Dependent is disabled RM 2,688 p.p Dependent with chronic disease RM 2,664 p.p Child Care Cost RM 3,480 p.p TOTAL THRESHOLD DEDUCTION (B1 + B2) *p.p. = per person PART C EPF DEDUCTION Employees Provident Fund (KWSP) contributions for employee under the age of 55. (The amount of gross yearly salary x 11%) PART D OTHER DEDUCTION Current amount of annual savings in Tabung Haji (if available) PART E ZAKATABLE INCOME TOTAL OF PARTS (A) MINUS (TOTAL OF B + C + D) X 2.5% Note: Info based on Lembaga Zakat Selangor 2020 Nisab value for Selangor in 2020 at RM 18,530


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