The government has set the ‘Nisab for Zakat’ at Rs 80,933/- for the year 1441-42 AH, a statement from the Poverty Alleviation & Social Safety Division read.
A notification issued by the Poverty Alleviation and Social Safety Division, quoting Administrator General Zakat for lunar year 1441-42 AH, said the Nisab had been fixed at Rs. 80,933/- (Rupees Eighty Thousand Nine Hundred Thirty-Three only) for the year 1441-42 AH.
“No Deduction of Zakat at source shall be mentioned in column 2 of Serial No. 1 of the first schedule of Zakat and Usher Ordinance, 1980 is less than Rs. 80,933/- (Rupees Eighty Thousand Nine Hundred Thirty-Three only), on the first day of Ramazan-ul-Mubarak, 1442 A.H as the “Deduction Date” likely to fall on 14th or 15th April 2021 (subject to appearance of Moon) for deduction of Zakat from Saving Bank Accounts, Profit and Loss Sharing Accounts and other similar Account having credit balance of Rs. 80,933/-” read the statement.
