Do I have to pay zakah if I am in a lot of debt? If yes, what will be the percentage, keeping in mind 20% that I already pay to the government.
If we are in debt but we do not plan to pay the debt for the time being we will be obliged to pay zakah on the assets at hand. Zakah on assets is 2.5% yearly. If you intend to pay debt first then you will first pay that and consider the remaining part of your assets as zakatable.