Zakat Questions and Answers
Example: Talha's zakat year begins on the 5th of Safar. On the 25th of Muharram, only a few days before his zakat year elapsed, he was given a gift of £3000. Ten days later, when the 5th of Safar comes around, he has to pay £75 in zakat.
I earned a large amount of cash a few days before the zakat year was up, do I pay zakat on this amount now, or after a year has passed from when I received it?
You pay zakat when the zakat year has elapsed, irrespective of when particular portions of your wealth came into your possession. Even if the cash came into your possession a day before the zakat year had elapsed, you would have to pay zakat on it the following day.