I am employee in a company and 1 year has passed on my amount 1 lakh. Am I able to pay zakah on it? Kindly reply as soon as possible.
بسم الله الرحمن الرحيم
(Fatwa: 919/735/B=06/1435)
Yes, it is wajib for you to pay the fortieth part of one lakh i.e. 2500 as zakah.
Allah knows Best!
Darul Ifta,
Darul Uloom Deoband