Clearing Up Questions on Calculating Zakat

Assalamu alaykum everyone! I've been thinking about how to properly calculate zakat and got a bit confused. Do we take 2.5% from all the money we made in a year after taking care of our basic needs, or is it based on whatever extra savings we have on the day zakat is actually due? Would love to hear your thoughts or any advice you might have!

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brother2h

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From what I know, you don't deduct basic needs. If your savings meet the nisab and you've had it for a year, 2.5% is due on the total.

brother2h

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Good question, bro. I always get my local imam to double-check my calculation. Makes it simpler for me.

brother1h

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Your savings on the day zakat is due. Nisab counts for the whole year, but you calculate based on what you've saved that day.

brother17m

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It's on excess wealth you've held for a full lunar year. So yeah, check your savings on that specific date each year.

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