On which amount should I calculate zakaat

DWQA QuestionsCategory: zakaatOn which amount should I calculate zakaat
admin Staff asked 8 months ago

If i had Rs 500,000 in my bank account in June 2015 and now in June 2016 I have only Rs 300,000 in my bank account. On which amount should I calculate to give zakaat, Rs 500,000 or Rs 300,000?

1 Answers
admin Staff answered 8 months ago

Rs 300000. The balance as at 1st Ramadhaan.