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Income Affidavit For Scholarship

Income Affidavit For Scholarship Template for India

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Income Affidavit For Scholarship

"I need an Income Affidavit for Scholarship for my daughter's engineering program at IIT Mumbai, declaring our family's combined income including my government salary and rental income from two properties, to be submitted by March 2025."

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Document background
The Income Affidavit For Scholarship serves as a crucial document in the Indian educational system, required by various institutions and organizations offering financial aid and scholarships. This legal instrument, governed by Indian law, enables educational institutions and scholarship committees to assess the financial eligibility of applicants based on their family's income status. The affidavit must be executed before a notary public or appropriate legal authority and includes comprehensive details about all income sources, supported by relevant documentation. It plays a vital role in ensuring fair distribution of educational financial aid by providing verified income information, with serious legal consequences for false declarations under the Indian Penal Code.
Suggested Sections

1. Title and Jurisdiction: Specifies the type of affidavit and the jurisdiction where it is being executed

2. Deponent Details: Full name, age, occupation, and residential address of the person making the affidavit

3. Student Information: Details of the student for whom the scholarship is being sought, including their educational institution and course details

4. Income Declaration: Primary declaration of annual income from all sources, including salary, business, or other regular income sources

5. Verification Statement: Standard verification clause stating that all information provided is true and correct

6. Notary Attestation: Space for notary's signature, stamp, and date of attestation

Optional Sections

1. Agricultural Income: Required when the family has income from agricultural sources

2. Business Income: Required when the deponent or family members own a business or are self-employed

3. Rental Income: Required when there is income from rented properties

4. Pension Declaration: Required for retired persons receiving pension

5. No Income Declaration: Required when declaring zero income or unemployment

6. Family Member Income: Required when including income details of other family members

Suggested Schedules

1. Income Tax Returns: Copies of income tax returns for the previous financial year

2. Salary Certificates: Employer-issued salary certificates or pay slips for the last three months

3. Bank Statements: Bank statements showing income transactions for the last six months

4. Property Documents: List of owned properties and their approximate value, if applicable

5. Identity Proof: Copies of government-issued ID proofs of the deponent

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Education

Legal Services

Public Sector

Financial Services

Non-Profit Organizations

Government Administration

Social Services

Relevant Teams

Legal Affairs

Student Services

Admissions

Financial Aid

Compliance

Document Processing

Administrative Services

Academic Affairs

Relevant Roles

Education Administrator

Scholarship Coordinator

Legal Officer

Compliance Manager

Financial Aid Officer

Admissions Officer

Student Services Manager

Document Verification Specialist

Legal Administrative Assistant

Education Counselor

Social Services Coordinator

Industries
Indian Oaths Act, 1969: Governs the administration of oaths and affidavits, providing legal validity to sworn statements made before authorized officials
Income Tax Act, 1961: Defines income categories, calculation methods, and documentation requirements for income declaration in India
Indian Penal Code, Section 199: Deals with false statements made in declaration which is by law receivable as evidence, providing penalties for false income declarations
Notaries Act, 1952: Regulates notary functions and provides legal framework for document verification and attestation
Right to Education Act, 2009: Contains provisions related to educational support and scholarships, particularly for disadvantaged groups
University Grants Commission Act, 1956: Provides framework for scholarship schemes in higher education and related documentation requirements
Court Fees Act, 1870: Specifies the stamp duty and fees applicable for affidavits and legal documents
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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