Thursday, 23 March 2023

Government fixes Nisab for Zakat at Rs80,933 for 2021

The federal government of Pakistan has fixed Nisab for Zakat deduction on bank accounts for the current year 2021 at Rs 80,933.

A notification issued by the Administrator-General Zakat about zakat Nisab. Where the Nisab on bank accounts decided to a minimum of Rs 80,933 balance. It applies to Bank accounts like savings bank accounts, profit and loss sharing bank accounts, or similar bank accounts. Zakat will be deducted on the first day of Ramazan. Bank will deduct zakat @2.5 percent on the total balance of their bank accounts.

Moreover, Minister for Science and Technology Fawad Chaudhry said about Ramazan prediction. That the Ramazan moon will sight on April 13 2021. The first Ramazan is likely to be on April 14 2021 (Wednesday).

A d v e r t i s e m e n t

Zakat | Nisab | 2021 | 1st Ramadan | Ramadan 2021 | Zakat Deductions by Banks | Ramazan 2021 | Zakat Nisab 2021 |

Related posts

When is the 1st Date of Ramadan

Table of Contents When is the 1st Date of RamadanWhen Does Ramadan Start in Pakistan?When Does…
Read more

Minimum Nisab for Zakat Deduction on Saving Bank Account 2023

Table of Contents Minimum Nisab for Zakat Deduction on Saving Bank Account 2023Who is eligible for…
Read more

List of City Dialing Codes in Pakistan

Table of Contents List of City Dialing Codes in PakistanTelephone Dialing Codes for Different…
Read more
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.