🕌 Zakat Calculator 2026: How Much Do You Owe?

By Amiel Riss · Published 10 March 2026 · Updated 26 March 2026

Zakat is one of the Five Pillars of Islam — a 2.5% annual obligation on wealth above a minimum threshold called Nisab. For Indian Muslims, calculating Zakat in Rupees with fluctuating gold prices and diverse investment portfolios can be confusing. Let's break it down.

What Is Nisab in Indian Rupees?

Nisab is the minimum wealth threshold. There are two standards:

Gold Nisab: 85 grams of gold (~₹6,35,000 in March 2026 based on Indian gold prices)
Silver Nisab: 595 grams of silver (~₹49,400 in March 2026)

Most scholars recommend the Gold Nisab as the Silver Nisab is very low and would make Zakat obligatory on relatively modest savings.

Which Assets Are Zakatable?

Zakat applies to wealth held for one full lunar year (Haul):

Cash & Savings: Cash at home, savings accounts, FDs, receivables
Gold & Silver: Jewelry, bars, coins at current market value (check today's rate on MCX)
Investments: Stocks, mutual funds (SIPs), PPF balance, business inventory
Rental Income: Accumulated rental payments

Deduct outstanding debts (home loans EMI, personal loans). If the net exceeds Nisab, pay 2.5%.

Step-by-Step Calculation

Total all zakatable assets in ₹
Subtract debts owed
Compare net wealth against Nisab
If above Nisab → pay 2.5%

Example: ₹4,15,000 cash + ₹12,45,000 gold + ₹16,60,000 stocks − ₹8,30,000 loans = ₹24,90,000 net. This exceeds Gold Nisab (₹6,35,000), so Zakat = ₹24,90,000 × 2.5% = ₹62,250.

Indian-Specific Considerations

Gold jewelry: India is the world's largest gold consumer. Don't forget to include the current market value of all gold jewelry
Mutual Funds & SIPs: Include the current NAV of all fund holdings
Fixed Deposits: Include the principal + accrued interest
Property for investment: Rental property income is zakatable; personal residence is exempt

Where to Pay Zakat in India

Zakat can be paid directly to eligible recipients (the eight categories mentioned in the Quran) or through trusted organizations like Zakat Foundation of India, Islamic Relief, or local mosque committees.

Use our Zakat Calculator to calculate your exact obligation in ₹ within seconds. It handles gold valuation, multiple asset types, and Nisab comparison automatically.

FAQ

How much Zakat on ₹10 Lakh?

If your net zakatable wealth is ₹10,00,000 and exceeds Gold Nisab (~₹6,35,000), Zakat = ₹10,00,000 × 2.5% = ₹25,000.

Is gold jewelry subject to Zakat in India?

Yes, most scholars consider personal gold jewelry zakatable at current market value. India's gold prices can be checked on MCX.

Should I include mutual funds in Zakat?

Yes, the current NAV of all mutual fund holdings (including SIPs) is zakatable.

Do I pay Zakat on my home loan?

Your primary residence is exempt, but you can deduct outstanding home loan EMIs from your zakatable wealth.

📊 Data source: Standard financial models. Prices and data in this article are reviewed and updated semi-annually. Last update: March 2026.

Try Our Calculator

Free Zakat Calculator for Indian Muslims. Calculate your Zakat obligation in INR covering cash, gold, silver, stocks, and mutual funds with the latest Nisab values.

🕌 Zakat Calculator

Tags: #Zakat #Islamic Finance #Charity

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