Deduction of Zakat At Source In Respect of Saving Banks.
I am directed to say that Administrator General Zakat has notified the Nisab af Zakat for the Zakat year 1440-41 AH at Rs.46,329.00- (Rupees: Forty six thousand three hundred twenty nine 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 than Rs,46,329.001- (Rupees: Forty six thousand throe hundred twenty nlno only) on the first day of Ramzan-u-Mubarak, 1441 A.H. First day of Ramzan-u-Mubarak has already been notified as tho “Deduction date” likely to fall on 24 or 25″ Apr, 2020 (subject to Appearance of the moon) for deduction of Zakat from Saving Bank Accounts, Profit and Loss Sharing Accounts and other shnlar Accounts having credit balance of Ra.46,329.00/- (Rupecs: Forty six thousand three hundred twenty nine only).
All the Zakat Collection Controlling Agancies (ZCCAs) are requested to 2. deduct the Zakat accordingly.
A copy of retum of Fom CZ-OBA may please be provided to this Division Immediately after depositing Zakat In Central Zakat Account No.CZ-08 being maintained with the State Bank of Pakistan.