Calculating zakaat

Q: I have a question on zakat.

I was supposed to give my zakat this year Ramadan 2020 But till August I have not paid my zakat on gold jewellery of my wife, as I am paying on her behalf. The other zakat on my bank balace I have paid.

Now my questions are:

1. The value of gold in April 2020 in Ramadan in which I calculated my zakat every year was farz, and at that time the value of gold in India was less and not due to lock down or other reason the value of gold has shot up very high. So will I weigh the gold jewellery and pay zakat on the total value of gold 2.5% in the new rate of gold which is in August 2020 or will I have to pay zakat 2.5% on the rate of gold which was in April 2020 in Ramadan this year.

2. Will my wife be liable to pay zakat or I can pay on her behalf from my bank balace?

3. I had some gold jewelley which I purchased few years back and I purchased some jewellery in August 2020 when I married. Now my zakat date every lunar year is on 27 Ramadan. So this year 2020 Ramadan was in April-May 2020. So the jewellery which I purchased in August 2019 last year has not completed 1 (one) complete lunar year so will I calculate my zakat on the particular jewelley or will I calculate after August 2020 as it will complete full one lunar year. But my zakat date is in Ramadan, either I have to take out the zakat on full jewellwey this year 2020. Or I have to pay my the zakat on the particular jewellery which I purchased in 2019 the following year i.e. 2021 in Ramadan. But then it will be over one year for this particular jewelley which I purchased in August 2019. What should I do?

4. Some gold jewelley is of 21 carat and some are of 24 carat so will I have to pay zakat on their differnt value or I have to just weigh it all as one and pay the zakat 2.5% on the total gold jewellery?

5. How would I know that zakat has become farz or wajib upon me? How much money in Rupees do I have to have so that I become saahib e nisaab. Whether it is 20,000/- or 50,000/- or what amount? What is the mark? I am asking the nisab in relation to indian money in Rupees. Not the value of gold or silver as I heard that if one has 612.36 gm of silver or 87.48 gm of gold one is called saahib e nisaab. Suppose I have cash in bank Rs 30,000/- (thirty thousand) - indian money and I have gold jewelley a small ring, a nose pin small, and a silver anklet so now how do I know that I am a saahib e nisaab. As I do not have 612.gm of silver nor do I have 87.48 gm of gold. How do I calculate zakat on this. It is very confusing. 

Q: If I gave zakaat out of $1000, and when I will reach $1000 again, will I have to pay zakaat again

Q: I had taken out a life insurance policy with a dread disease cover many years ago. (I call that my pre-hidayat days). I have now been paid out part of the money for a dread disease, which is part of the life cover. Can I calculate all the premiums I paid over the years and take the money out of the payout as halaal money for myself? Can I use the balance of the payout for Income Tax payment. I would then cancel the policy. 

Also, what are the zakaat implications regarding this money if it is halaal. Do I need to calculate zakaat from the time I started paying the premiums or not?

Q: I have 2 investments and want clarity on my responsibility when it comes to zakaat.

1. I have purchased shares in company x for long term investment (probably 5 to 15 years). Do I pay zakaat on the quarterly/yearly dividends received or do I pay zakaat on the full value of the share?

2. I am investing in a retirement annuity, which is now only accessible upon my retirement. Do I pay zakaat yearly on the amount that is in my retirement account or would I only pay zakaat when the investment matures (when I retire)?

Q: My wife is a housewife and does not earn an income. I provide her with an allowance as well as contribute into a savings/investment account for her.

Questions:

1. Is she liable for zakaat on the money in her investment account (which I contribute towards) or am I?

2. If we have a joint savings account (in both our names), who is responsible for the zakaat in this account?

3. Since we are married in-community-of-property, would she be responsible to pay zakaat on any investments that are in my name?

Q: I work in a supermarket. My annual salary is 600 thousand. How do I calculate my zakaat?

Q: How do I pay zakaat on shares of my company in the JSE. Some are in property, some in merchandise stores like Shoprite, some in gas and oil. The shares are worth a lot but dividends are less.

Q: Recently my husband and I received a lot of money as gifts for our wedding. My zakaat due date is coming up soon. Since the money was given to both, me and my husband, do I need to take into consideration all of it or half of it when calculating my zakaat?

Q: As an employee, I am facilitated to take 3 types of loan from my employer.

Loan type 01:

This loan is termed as 'Salary Advance'. In case of emergency, the employee can take a loan from the employer to a maximum of 6 times his basic salary. The lent amount will be deducted from the monthly salary in 12 installments. If the employee leaves the job before the settlement of the loan, then the left amount will be deducted from the gratuity scheme, provident fund, etc.

Loan type 02:

This loan is termed as 'Investment loan'. The employee will receive an amount every year on 1st of June from the employer/company to invest in some particular investment schemes to get tax rebate on yearly income received from the company. The lent amount will be deducted from the monthly salary in 12 installments. If the employee leaves the job before the settlement of the loan, then the left amount will be deducted from the gratuity scheme, provident fund, etc.

Loan type 03:

The employee can take a loan from the compulsory provident fund. The lent amount will have to be adjusted as per agreement with the company. If the employee leaves the job before the settlement of the loan, then the left amount will be deducted from the gratuity scheme, provident fund, etc.

My question is, with a view to calculating zakaat of these loans, how will the lent amounts be considered? Whether assets, liability or amaanat?

Q: I sold my business including the stock before year and invested that money in another business right after selling. Do I have to calculate my zakat year since I have started my first business or from the date when I started my 2nd business? I am in doubt because money which I have invested is from my first business.