DEDUCATION OF ZAKAT AT RS.39,198/- AT SOURCE IN RESPECT OF SAVING BANKS / PROFIT AND LOSS SHARING AND SIMILAR BANK ACCOUNTS (ASSET CODE NO 101) AND DEPOSIT THEREOF IMMEDIATELY AFTER DEDUCTION DATE
Government of Pakistan, Ministry of Religious Affairs & Interfaith Harmony, Accounts Officer-I issued schedule of deduction of Zakat at source in respect of saving banks / profit and loss sharing and similar bank accounts and deposit thereof immediately after deduction date.
- Administrator General Zaka has notified the "Nisab of Zakat" for the Zakat year 1438-39 AH 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 thant Rs.39,198/- on the first day of Ramzan-ul-Mubarak, 1439 AH. First day of Ramzan-ul-Mubarak 1439 AH has already been notified as the "Deducation 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/-.
- All the Zakat Collection Controlling Agencies (ZCCAs) are requested to deduct the Zakat accordingly. A copy of return of Form CZ-08A may please be provided to this Ministry immediately after depositing Zakat in Central Zakat Account No. CZ-08 being maintained with the State Bank of Pakistan.