What is Zakat Zakat is an obligatory duty and one of the five pillars of Islam. It is mandatory when two conditions are simultaneously satisfied:  Nisab and Due Date.

Nisab: It is 3 oz of pure Gold.  AS of 12/01/2000 NISAB is Rs750.00

Due Date: Zakat is due after one Lunar (Hijri) year starting from either the first day you acquired the amount of Nisab or the day you paid Zakat last year

I urge you dear brother/sister to calculate your Zakat now and to pay it as soon as possible

In order to calculate your zakat, please fill all of the fields. If the amount is -0-, please put 0
1. Cash on hand and in bank accounts (saving, checking, etc.)
2. Refundable deposits (e.g. on rented apartment)
3. Non-delinquent loans (money you loaned to others)
4. Expected Tax refund
5. Gold and its certificate1
6. Shares, stocks, bonds, IRA, pension plans, options, etc.
7. Business cash on hand and in banks plus invoices due.
8. Business inventory2
9. Net income you are entitled to as of Zakat due date.
10. Total amount subject to Zakat (lines 1 through 9).
11. Zakat amount : If the amount is 0, then no Zakat is due.