Page 9 - Obligatory Zakat Made Easy
P. 9

METHOD 2                               RM
       INCOME ELIGIBLE FOR ZAKAT x 2.5%
       (After deducting basic allowable expenses)

       Example:
       A. INCOME FROM ALL SOURCES (Annually)  48,000.00

       B. LESS ALLOWABLE EXPENSES (Annually)
       i. Self                               12,000.00
       ii. Wife                               5,000.00
       iii. Child  Note 2
         a) Aged below 18 years: 1 child x RM2,000.00  2,000.00
         b) Aged above 18 years (studying in tertiary  5,000.00
           education institutions): 1 child x RM5,000.00
       iv. Self-education                     2,000.00
       v. Allowance to parents (RM100.00 x 12 months)  1,200.00
       vi. EPF (11%)                          5,280.00
         TOTAL DEDUCTION OF EXPENSES        32,480.00

       C. INCOME ELIGIBLE FOR ZAKAT (A - B)  15,520.00

       D. ZAKAT REQUIRED TO BE PAID           388.00
         (C is more than nisab       )
                         Note 1
         RM15,520.00 x 2.5%
       E. LESS ZAKAT ON ANNUAL                 30.00
         CONTRIBUTION OF THE ORGANISATION
         WHICH PAID ZAKAT ON BEHALF OF THE
         CONTRIBUTOR  (Example: Pilgrims’ Fund)
         RM1,200.00 x 2.5%
       F. TOTAL ANNUAL ZAKAT                  358.00
       G. TOTAL MONTHLY ZAKAT DEDUCTION        29.90
         (RM358.00 / 12 months)

      Note 1:  Nisab is the current value of 85 grams of gold.
      Note 2:  Relief for children under care.



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