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HomeEconomyNo zakat deductions to be made on assets less than Rs44,415: Ministry

No zakat deductions to be made on assets less than Rs44,415: Ministry

May 3, 2019 (MLN): The Ministry of Religious Affairs on Friday released a statement which says that for the Zakat year 1439-40 AH, ending on the last day of the Sha’aban-ul-Muazam, 1440 AH, 5th or 6th May, 2019 (subject to the appearance of moon), 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 First Schedule to Zakat and Ushr Ordinance is less than Rs. 44,415 on the first day of Ramadan.

Posted on: 2019-05-03T12:12:00+05:00

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