Thursday, 18 August 2022
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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).

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
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 |

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