Zakat is due on any savings that finishes one year in your possession.

It is best to designate a specific date every Hijra year and in that
day, calculate whatever savings you have and give zakat on it
regardless when it came into your possession.

I wantd To ask abt paying zakat this Ramadan. Say I have Rs 1lac in my account for less than a year.. Do I have to pay zakat for it? And if I already had Rs 1lac in my account last year for which I already paid zakat in the month of Ramadan last year. Now this year one more lac got added to it but this lac was with me for less than a yr. do I have to pay zakat for 2lacs

Zakat | June 30, 2016 4:51 am
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When we calculate zakat on our gold do we take the actual current price of gold or do we take the price that we would get if we sold it to back to them
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Previously, I never paid Zakatul Fitr even when I was earning some money doing freelance work. My father usually paid it for me before eid, but I think he paid it in the form of cash, which I now understand is not the correct way as we should give food. I personally gave it in the form of food last year. For previous years if it was paid in cash by my father, what should i do?