Income Certificate Format Download

A typical affidavit format for income certificate looks like this

This is to certify that (Name) ______________________________

Son of / Daughter of / Wife of / Guardian of ________________________

Residing at

(Address)____________________________________________

His / Her Father / Mother / Husband / Guardian’s Monthly / Annual income is

In ₹ ________________________

In words ___________________________________________________

Signature: ____________________

Designation: __________________

Before issuing an income certificate the government authorities will cross verify all the financial gains and the sources of income that the particular individual and their family members benefit from.

From a legal point of view, income refers to a person's financial gain or recurring earnings while working under an organisation as an employee or conducting business or as an independent contractor. The income is usually certified through an income certificate. This determines the families wealth, earnings and other business aspects. The following family members' earnings are taken into consideration while drafting the Income certificate.

• Salaried members

• Pensioners

• A labourer's weekly or daily wage

• Income from the consulting business

• Any sort of recurrent financial benefits

• Commissions from employment with an agency

• Work bonus

• Dividends from the stock market and share markets that are deposited

• Lease for real estate

• Gains from asset sales

• Heirlooms and gifts.

Income from Salary

When calculating a salaried member's income, the basic pay, Dearness Allowance (DA), special pay, and other allowances, if any, are taken into account. Travel allowances, housing rent allowances, and honoraria for specialised labour are not included in pay income.

Income from Business or Profession

Any form of income accumulated by conducting a business or working as a consultation or agency will be calculated on the basis of income tax return filing. The income will be considered on the declaration of the assessor if the member is a non assessee.

Income from Real Estate

It will be considered income when a family member receives rent or brokerage fees from real estate. However, the income will not be included until annual maintenance costs have been deducted.

Income Through Pension

The Pension Payment Order (PPO) is a main criteria to calculate income directly from the pension gathered by the family members. It definitely excludes all the commutation amounts.

The income certificate serves as evidence of eligibility for numerous programmes and benefits offered by the state government in many domains, as was previously noted. These areas encompass, but are not restricted to:

• Schools that typically reserve a certain percentage of their enrollment for students from economically disadvantaged backgrounds offers free entry or at a discount using this certificate

• Scholarships provided by some organisations or governments with an objective of helping the underprivileged

• Receiving medical benefits, such as free or reduced treatment, discounted medications, financial support for moms

• Obtaining loans at a discounted interest rate from the relevant government employers

• Aiding individual affected by natural disasters

• Receiving various pensions, such as those for widows, elderly people, agricultural labourers

• Making financial aid for the veterans available

• Obtaining free food

• Submitting an application for a government position that is reserved for a particular group

• Claiming to be entitled to housing provided by the government, such as apartments or hostels

In most of the states there is a specific web page provided exclusively to administer these applications. The applicants can directly submit their applications online for procuring an income certificate. The regular process is explained in detail below:

• Initially you will have to visit the official website and create an account

• Take a note of the username and password and login on the website

• On the homepage, search to apply for the Income certificate option or other similar terms

• Fill in the required information on the online form and upload all the required data

• Ration card, driver's licence, voter's ID, or another kind of identification

• The Aadhar number is now required because it is used to individually identify a person and stop fraudulent claims

• Caste, religion, and sub caste certificates

• If SC, ST, or OBC, and specifics therein

• As evidence of income, you can use a parent's income certificate, an income tax return, an employer's form 16, a salary certificate, etc

• One can also provide maintenance phone utility bills as primary address verification

• Make sure to submit an affidavit stating that all the provider data is accurate.

Based on the infrastructure provided from the state government the application is completed and filed either by the person directly or through a local district authority. The documentation can be conducted both online and offline. The cost of the application is based on the stage it is applied for. Within a period of 10 to 15 days the certificate is issued.

The following documents has to be provided for procuring an income certificate:

• A voter ID card, an Aadhaar card, a driver's licence, a passport, or a photo identity card issued by the central or state governments

• Address proof

• A passport size colour photo

• National food security card or ration card

• Self-declaration from applicant and/or family head signed

• As per the specific requirements set by the government or union territory additional documents can also be requested.

The income certificate is valid for the fiscal year specified in the certificate. As a result, the certificate must be renewed each fiscal year to maintain its validity. Additionally, the outdated certificate could be needed as verification before a new income certificate is issued.

The main objective of Vakilsearch is to make all the government processes easy and hassle free for the general public. If you have any queries related to income certificates make sure to get on call with our experts. Our team of legal experts will provide you with clear guidance on how to apply and procure an income certificate. Book a slot right away and resolve all your queries.