Tax Systems Zakath and Jizya Comparisons
Consider a following scenario.
A person earns 1000,000 (10 laks/1 million) per year.
Tax for a Citizen of India
Assume that he/she saves the maximum limit of 100000(1 lakh/0.1million) through tax saving schemes.
He Pays - 180,250.00 ( 1.8 Lakhs/0.18 million )
She Pays - 177,160.00 ( 1.7 Lakhs/0.17 million )
Tax for a Muslim Citizen under Sharia
Assume that the individual saves about 30% of his money at the end of the year, this could be more taking into consideration previous years savings etc.
Savings = 333333.33 (3.33 Lakh/ 0.33 Million)
He/She pays = 8333. 33 ( eight thousand ) ( 2.5 % of Savings at end of the year)
Tax for a Non Muslm under Sharia – Jizya
For Women/children/slaves/lunatics/paupers/monks/hermits/sick/Sanyasi/Pujari = 0 ( Zero – per year )
He Pays = between INR 5352 – 3500 (if he is well to do) – per year
He Pays = between INR 2676 – 1750 (middle income) – per year
He Pays = between INR 1338 – 875 (manual workers, tailors cobblers etc) – per year
You might be wondering how any state could run by collecting such low taxes. The Islamic way of administration incurs minimal amount of expenditure and financial model not based on usury/ interest. The core principle of taxation in the islamic way is based on the following narration.
It has been related that the Apostle of Allah - may Allah bless him and grant him peace - said: "Whoever oppresses a protege or taxes him beyond his means, will have me as that mans advocate"
For all the hue and cry made for uniform civil code, could we have a Sharia based tax system for all citizens please ....
Continued here
A person earns 1000,000 (10 laks/1 million) per year.
Tax for a Citizen of India
Assume that he/she saves the maximum limit of 100000(1 lakh/0.1million) through tax saving schemes.
He Pays - 180,250.00 ( 1.8 Lakhs/0.18 million )
She Pays - 177,160.00 ( 1.7 Lakhs/0.17 million )
Tax for a Muslim Citizen under Sharia
Assume that the individual saves about 30% of his money at the end of the year, this could be more taking into consideration previous years savings etc.
Savings = 333333.33 (3.33 Lakh/ 0.33 Million)
He/She pays = 8333. 33 ( eight thousand ) ( 2.5 % of Savings at end of the year)
Tax for a Non Muslm under Sharia – Jizya
For Women/children/slaves/lunatics/paupers/monks/hermits/sick/Sanyasi/Pujari = 0 ( Zero – per year )
He Pays = between INR 5352 – 3500 (if he is well to do) – per year
He Pays = between INR 2676 – 1750 (middle income) – per year
He Pays = between INR 1338 – 875 (manual workers, tailors cobblers etc) – per year
You might be wondering how any state could run by collecting such low taxes. The Islamic way of administration incurs minimal amount of expenditure and financial model not based on usury/ interest. The core principle of taxation in the islamic way is based on the following narration.
It has been related that the Apostle of Allah - may Allah bless him and grant him peace - said: "Whoever oppresses a protege or taxes him beyond his means, will have me as that mans advocate"
For all the hue and cry made for uniform civil code, could we have a Sharia based tax system for all citizens please ....
Continued here
Comments
Post a Comment