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How to calculate zakat, step by step

Zakat is 2.5% of the wealth you've held for a lunar year, once it's above the nisab threshold. Here's the whole calculation in four steps, with a worked example at today's rates.

The four steps

  1. Add up everything zakatable you own on your zakat date: cash, bank balances, FDs/RDs, gold and silver, shares and mutual funds, crypto, business stock, money owed to you, and property bought to resell.
  2. Subtract short-term debts — credit card dues, bills, borrowings and the loan instalments due in the coming year (not the whole home loan).
  3. Compare with nisab. Today that's ₹1,22,411 on the silver standard (612.36 g of silver) or ₹12,14,835 on the gold standard (87.48 g of gold).
  4. If you're at or above nisab, zakat is 2.5% of the whole amount — not just the part above nisab.
Abu Bakr's letter on zakat, dictated to Anas ibn Malik: “…for silver, one quarter of one-tenth [is due].”Sahih al-Bukhari 1454

Worked example at today's rates

Cash at home₹40,000
Bank balances₹2,60,000
30 g of 22k jewellery × ₹12,730/g₹3,81,893
Fixed deposit₹1,00,000
Less: credit card + this year's EMIs−₹45,000
Net zakatable wealth₹7,36,893
Above nisab (₹1,22,411)? Yes → zakat at 2.5%₹18,422

Rates used: 24k gold ₹13,887/g, silver ₹199.90/g (India, median across cities), as of 2 November 2026.

When is it due?

Once your wealth has stayed above nisab for one lunar year (about 354 days) — the hawl. Most people keep it simple: pick one date (many choose a day in Ramadan) and each year calculate on whatever they own that day.

“When you possess two hundred dirhams and one year passes on them, five dirhams are payable… When you possess twenty dinars and one year passes on them, half a dinar is payable.”Sunan Abi Dawud 1573, narrated by Ali ibn Abi Talib (graded hasan)

More guides

Zakat on gold and gold jewellery · Zakat on silver · Zakat on savings, FDs and RDs · Zakat on shares, mutual funds and crypto · Zakat on PPF, EPF and provident funds · Zakat on property and land · Zakat for shop owners and businesses

Work out your exact zakat in 2 minutes

Zakatify walks you through it one question at a time — gold by karat, savings, investments, debts — with today's rates for your city. Free, private, made for India.

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Common questions

Is zakat 2.5% of all my money or only the amount above nisab?

2.5% of your whole net zakatable wealth, once it is at or above nisab — not only the part above the threshold.

Which nisab should I use, gold or silver?

Both are valid views. The silver nisab (₹1,22,411 today) is lower, so more people qualify and more reaches the poor; many scholars recommend it. The gold nisab (₹12,14,835 today) is also widely followed.

Do I deduct my home loan?

The common view is to deduct only the instalments due in the coming year, not the whole outstanding loan.