Question Summary:
How do I pay my Zakāh?

Question Detail:

How to pay zakaat?
I would like to know how to pay Zakaat should i pay Zakaat from my annual salary or my annual savings?
And if i have an average lifestyle and did not manag0e to save any money h0ow much Zakaat should i pay?

Answer :

In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Zakāh is due upon every Muslim who is sane, adult, and possesses the Nisāb which equals the value of approximately 612.36 grams of silver or more.
After the expiry of one year, Zakāh is due upon all cash money, gold, silver, and trade stock in your ownership.  You may refer to the following link for a detailed explanation on Zakāh: http://askimam.org/public/question_detail/17114
 
And Allah Ta’āla Knows Best
Mawlana Abdul Azīm bin Abdur Rahman,
Student Darul Iftaa
U.S.A.
Checked and Approved by,
Mufti Ebrahim Desai.