Notification of Deduction Zakat Bank Accounts Nisab of Zakat (Rs. 39198/-)

Government of Pakistan, Ministry of Religious Affairs & Interfaith Harmony has issued Notification on 14-05-2018 in connection with Deduction Zakat Bank Accounts Nisab of Zakat. Detail is as as under:

I am directed to say that Administrator General Zakat has notified the “Nisab of Zakat” for the Zakat year 1438-39 A.H at Rs. 39,198 /- (Rupees Thirty-nine thousand one hundred ninety-eight only). No deduction of Zakat at source shall be made, in case the amount standing to the credit of an account in respect of the assets mentioned in column 2 of Serial No.1 of the first schedule of Zakat and Ushr Ordinance, 1980, is less than Rs. 39,198/- (Rupees Thirty-nine thousand one hundred ninety-eight only) on the first day of Ramazan-ul-Mubarak, 1439 A.H. First day of Ramazan-ul-Mubarak 1439 A.H. has already been notified as the “Deduction date” likely to fall on 17th or 18th May, 2018 (subject to appearance of the moon) for deduction of Zakat from Saving Bank Accounts, Profit and loss Sharing Accounts and other similar Accounts having credit balance of Rs. 39,198/- (Rupees. Thirty-nine thousand one hundred ninety-eight only).

 

Deduction Zakat Bank Accounts Nisab

 

 

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