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following is the difference between Tax and Zakat
1. A tax is levied on all the citizens of the state while Zakat is levied only on the Muslim members of the society.
2. Zakat is a compulsory payment which must be paid by the Muslims and tax is also a compulsory payment but it is remittable by the government of the state. The Zakat is not remit tenable.
3. Zakat has a religious sanctity behind it because it is one of the five pillars of Islam. But a tax is a compulsory contribution to the state to cover the cost of services rendered by it for the general benefit of the people.
4. The rate of Zakat (i.e. 2.5%) is fixed by the God in the Holy Quran and cannot be changed by the government of the state from time to time to meet its requirements.
5. The nature of the sources of Zakat is fixed but the sources of a tax are variable. The sources of a tax can be diversified in accordance with the need of revenue requirements.
6. The income collected from Zakat can only be spent on deserves of Zakat. The specified items of deserves are laid down by the Holy Quran but taxes can be spent on various requirements as determined by the government of a state.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoPayment
The payment of Zakat is a religious duty whereas the payment of tax is a national duty
Imposition
Zakat is imposed only on the Muslim members of the society whereas tax is imposed on all the citizens in proportion to their ability to pay.
Compulsion
Zakat is a compulsory payment which is not remitted by anyone whereas tax though compulsory payment, yet is remittable by the Govt.
Wiki User
∙ 11y agoInsightful question. Both are what we might call "Charity," however, zakat is compulsory when Islamic law is in effect; it is in practice a tax. Also, it's customarily collected by an official to be redistributed to the needy. It can, however, also be used for things not strictly chariable. For example, it can be used to buy weapons for Muslims to defend themselves; to replace lost income for someone who has recently become a Muslim or for Propaganda to spread Islam. Tsedakah, means literally means, "justice," is person-to-person charity, enforced only by social expectation in Jewish communitues, also one could also fulfill those expectations by giving to an organized charity, which many do. The ideas behind the two concepts are 1) Zakat is an obligation to the Ummah, or body of all Muslims, while 2) tzedakah is an obligation to one's fellow man.
Wiki User
∙ 13y agozakat is paid once in ayear while zakkatul fitr is paid in the idd day
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What is the similarities between tax and zakat?
zakat for 8 types of people like poor , ... tax for the government but there is some Condition to be taken from the People not like we-see today
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
Whats the difference between tax free income and taxable income?
You pay tax on taxable income and you don't on tax free income
What are the similarities and differences between Zakat and idea of global tax on wealth that is suggesting by Thomas Piketty?
The similarities between Zakat and Thomas Piketty on the idea of global tax on wealth included their reference on the gap between the rich and the poor but differed on Piketty's idea that the inequality could not be eliminated.
What is the difference between income tax expense and income tax payable?
Income statement & balance sheet.
Similarities between state income tax and federal income tax?
The taxable amounts of the income from each income tax return will be taxed at the tax rates for the state and for the federal.
What is the differences between VAT and income tax?
VAT is value added tax charge on sale and purchase. Income tax is tax charged on income received.
What are the similarties between the state income tax and the federal income tax?
The amount of your tax liability is based on your TAXABLE INCOME after your income tax return is completed completely and correctly down to the TAXABLE income line of each income tax return.
What percentage is withheld from your paycheck in California?
The tax table below will show in detail the California state income tax rates by income tax bracket(s). There are 7income tax brackets for California.If your income range is between $0 and $7,168, your tax rate on every dollar of income earned is 1%.If your income range is between $7,169 and $16,994, your tax rate on every dollar of income earned is 2%.If your income range is between $16,995 and $26,821, your tax rate on every dollar of income earned is 4%.If your income range is between $26,822 and $37,233, your tax rate on every dollar of income earned is 6%.If your income range is between $37,234 and $47,055, your tax rate on every dollar of income earned is 8%.If your income range is between $47,056 and $1,000,000, your tax rate on every dollar of income earned is 9.3%.If your income range is $1,000,001 and over, your tax rate on every dollar of income earned is 10.3%.Income tax brackets data last updated March 3rd, 2009.
What are the differences between tax rates?
Total income tax as a percentage of total taxable income is the average tax rate, whereas total income tax as a percentage of total economic income is the effective tax rate.
What is the GA state tax?
The majority of Georgia pays 4% state sales tax and 3% county sales tax, totaling to 7% sales tax. Georgia income tax is divided into six brackets as follows. If your income range is between $0 and $750, your tax rate on every dollar of income earned is 1%. If your income range is between $751 and $2,250, your tax rate on every dollar of income earned is2%. If your income range is between $2,251 and $3,750, your tax rate on every dollar of income earned is3%. If your income range is between $3,751 and $5,250, your tax rate on every dollar of income earned is4%. If your income range is between $5,251 and $7,000, your tax rate on every dollar of income earned is5%. If your income range is $7,001 and over, your tax rate on every dollar of income earned is 6%.
What is difference between tax free and taxable income?
You don't pay tax on the tax-free pay and you do pay tax on taxable income
