Should Zakaat be paid on earnings/wages which have been spent during the course of the year?

Answer

Zakaat is paid once a year on the cash, gold and stock-in-trade in one's possession. Zakaat is not paid on earnings which have been used up during the course of twelve months. After twelve months, pay 2.5% of the value of your Zakaat assets (cash, gold, silver and stock-in-trade).