Khums is an obligatory Islamic tax that requires paying 20% of one’s surplus income after deducting expenses. This tax is split into two equal parts: one part goes to the descendants of the Prophet Muhammad (sadaat), and the other part goes to the Imam of the time. The Khums Calculator helps Muslims calculate the amount of Khums they need to pay based on their income and expenses.
Inputs
- Total Income (TI): The total income earned in a year.
- Total Expenses (TE): The total necessary expenses incurred in the same year.
- Surplus Income (SI): The remaining income after deducting total expenses from total income.
Formulas and Calculations
1. Calculate Surplus Income
The surplus income is calculated by subtracting the total expenses from the total income:
[ \text{SI} = \text{TI} – \text{TE} ]
where:
- ( \text{SI} ) = Surplus Income
- ( \text{TI} ) = Total Income
- ( \text{TE} ) = Total Expenses
2. Calculate Khums Payable
Khums is 20% of the surplus income:
[ \text{Khums} = \text{SI} \times 0.20 ]
where:
- ( \text{Khums} ) = Amount of Khums to be paid
Example Calculation
Inputs:
- Total Income (TI): $50,000
- Total Expenses (TE): $30,000
- Calculate Surplus Income:
[ \text{SI} = \text{TI} – \text{TE} ]
[ \text{SI} = 50,000 – 30,000 = 20,000 ]
- Calculate Khums Payable:
[ \text{Khums} = \text{SI} \times 0.20 ]
[ \text{Khums} = 20,000 \times 0.20 = 4,000 ]
Summary
For an individual with a total income of $50,000 and total expenses of $30,000, the surplus income is $20,000. The Khums payable on this surplus income is $4,000.
Example Table
| Inputs | Values |
|---|---|
| Total Income (TI) | $50,000 |
| Total Expenses (TE) | $30,000 |
| Surplus Income (SI) | $20,000 |
| Khums Payable | $4,000 |
Conclusion
The Khums Calculator is a useful tool for Muslims to accurately calculate the amount of Khums they need to pay. By determining the surplus income and applying the 20% tax, individuals can ensure they fulfill their religious obligation correctly. This calculator simplifies the process, making it easier to fulfill an important aspect of Islamic finance.