Particulars
Weight In Grams
Price/Gm
Estimated Value
Zakat Payable
Zakat On Gold(2.5%)
Gold/Jewellery
ZAKAT ON PRECIOUS STONES (2.5%)
Calculate the nett Market Value of the Precious stones like Diamonds, Rubies, Etc. and add them to the Estimated Value Column.(Contentious subject. Refer Notes. Don’t Calculate if you disagree or are uncomfortable.)
ZAKAT ON SILVER (2.5%)
Include Household Silver Utensils, Artefacts, and Jewelery. For Utensils, usually the silver is 90% pure so take 90% of the total weight
ZAKAT ON CASH IN HAND /BANK (2.5%)
Cash in Hand
Cash in Bank in Savings Accounts
Cash in Bank in Current Accounts
Cash held in Fixed Deposits
ZAKAT ON LOANS / INVESTMENTS/ FUNDS/ SHARES, ETC (2.5%)
Loans Receivable from Friends and Relatives
Investment in Govt Bonds
Provident Fund Contribution to date.
Value of Shares (stocks) including Dividends. Take their market value on the date of calculation
Government Security Deposits, ADRs, etc
Investment in Private Chits, Funds, etc
Other Sources of Wealth
ZAKAT ON LANDED PROPERTY (2.5%)
Landed Property held as an Investment / Business (Estimate the current Maket Value)
Zakat on Rentals Coming from Property (After Deducting for all expenses)
ZAKAT ON BUSINESS (2.5%) ----------(STOCK-IN-TRADE)
Value of Saleable Stock
Value of Damaged / Dead Stock
Amount Receivable from Credit Sales
LESS: Amount Payable to Suppliers (Credit taken from suppliers for stocking goods)
LESS: Bad Debts
TOTAL VALUE OF STOCK (7a+7b+7C-7d-7e)
ZAKAT ON SHARE IN PARTNERSHIP FIRMS (2.5%)
Capital Balance as per Last balance Sheet
Loans Advanced by you to the Firm as of Date
LESS: Withdrawals made by you during the current Year.
Accumulated Profit from the date of Balance Sheet to this Date (Estimate the Profit Value as it is difficult to get exact figures in the middle of Accounting Year)
NETT TOTAL WORTH CALCULATED
GENERAL LIABILITIES - You need to deduct your direct Payables or Liabilities which have not been deducted earlier - Usage of the loan should have been on Zakatable Wealth only.
Loans taken from from Friends / Relatives
Loans Taken from Banks / Institutions
Income Tax / Wealth Tax Payable
TOTAL LIABILITIES
TOTAL ZAKAT PAYABLE
