I actually wanted to ask about the calculation of khums in the third year.
Could you please fill the table given below?
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Yr | Total amount | Mukhammas | khums | Total
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1 | $1000 | $0 | $200 | $800
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2 | $600 | $800 | $— | $—
———————————————————–
3 | $500 | $— | $— | $—
———————————————————–
4 | $2000 | $— | $— | $—
———————————————————–
Your chart sheet:
Year 1:
This is fine.
Year 2:
If the $600 remaining that year is from the $800 of year 1 then there is no khums due on this amount in year 2. However, if it is new profit that has remained unused for one year then it is subject to khums.
Year 3:
If the $500 remaining in the account is from the $800 of year 1 then there is no khums due on this amount for year 3. However, if it is new profit that has remained unused for one year then it is subject to khums.
Year 4:
If the $2000 is actually the $500 from last year (which was remaining from the $800 from year 1) plus a new $1500 then you must only pay khums on the $1500.