Today's Nisab Value
S$ 10,975.00
Intention: The amount contributed as the fulfilment of ZAKAT on wealth, which is obligatory on me/my family for the year for Allah Ta'ala.
Thank you for your contribution.
Under Section 14(1)(f) of the Income Tax Act Cap.134, Zakat contribution is an allowable expense which is deductible against the contributor's income. This is not an auto included in IRAS. You will need to input your contribution as a deductible expense upon your tax returns.