Assalam Alakum, I have been advised that zakah is only payable on money that has been with you for 1 year (i.e. not accumulated during the year). Please advise is that correct. Thank you.
Wa `alaykum As-Salamu wa Rahmatullahi wa Barakatuh.
In the Name of Allah, Most Gracious, Most Merciful.
All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.