Zakat and Tax

Zakat and Tax

INCOME TAX TREATMENT ON ZAKAT [REBATE]
 Income Tax Act (ACP) 1967, Section 6A (3): All zakat payments (including overdue zakat) can be deducted from individual income tax based on Section 6A(3) of the Income Tax Act 1967 in the same year.

 SCHEDULED TAX DEDUCTION (PCB) TREATMENT WITH SCHEDULED ZAKAT DEDUCTION (PZB) [REMISSION BASED ON ZAKAT RATE]
 According to the Government Gazette dated 1 January 2001 concerning amendments to the Income Tax (Deduction from Remuneration) Rules (2000 Amendment) effective January 2001, when an employee has made zakat payments to the zakat authority, the employer may adjust the PCB (tax deduction) amount based on proof of the zakat payment made.

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