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Income Affidavit For Scholarship for Philippines

Income Affidavit For Scholarship Template for Philippines

A legally binding document used in the Philippines that formally declares an individual's or family's income for scholarship application purposes. This affidavit, which must be notarized under Philippine law, provides a detailed account of all income sources, including employment, business, and other revenue streams. It serves as a crucial supporting document for scholarship applications, particularly in cases where standard income documentation may be incomplete or requires supplementation. The document follows Philippine notarial laws and must comply with requirements set by both educational institutions and government scholarship programs.

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What is a Income Affidavit For Scholarship?

The Income Affidavit For Scholarship is a crucial document in the Philippine educational system, particularly for students seeking financial assistance for their education. This legal instrument is commonly required when applying for both government and private scholarship programs, serving as a formal declaration of the family's or individual's financial capacity. The affidavit must be executed before a notary public and includes comprehensive details about all income sources, employment status, and financial obligations. It is especially relevant in cases where traditional income documentation might be insufficient or when dealing with informal employment or multiple income sources. The document's format and content are governed by Philippine notarial laws and must meet specific requirements set forth by educational institutions and scholarship-granting bodies. This affidavit plays a vital role in ensuring fair and accurate assessment of financial need for scholarship allocation.

What sections should be included in a Income Affidavit For Scholarship?

1. Title and Jurisdiction: Specifies the document type and jurisdiction (Philippines)

2. Affiant Information: Full legal name, address, and identification details of the person making the declaration

3. Relationship Declaration: Declares the relationship to the scholarship applicant (if parent/guardian)

4. Income Declaration: Detailed statement of annual income from all sources

5. Employment Information: Current employment status, employer details, and nature of work

6. Additional Income Sources: Declaration of other income sources such as business, investments, or rentals

7. Dependent Information: Details of dependents including the scholarship applicant

8. Declaration of Truth: Formal statement affirming the truthfulness of the declarations

9. Jurat: Notarial section including date, place of execution, and notary details

What sections are optional to include in a Income Affidavit For Scholarship?

1. Business Income Section: Detailed section for business owners declaring business income and operations - include when affiant owns a business

2. Overseas Income Declaration: Special section for declaring foreign-sourced income - include for OFWs or those with international income sources

3. No Income Declaration: Special declaration for unemployed or zero-income affiants - include when affiant has no regular income

4. Support Receipt Declaration: Declaration of financial support received from others - include when affiant receives regular support from family members or other sources

5. Previous Year Comparison: Comparative income information from previous year - include when required by specific scholarship programs

What schedules should be included in a Income Affidavit For Scholarship?

1. Schedule A - Income Documentation: List of attached income supporting documents (e.g., ITR, payslips, bank statements)

2. Schedule B - Certification of Employment: Attached employment certification or business registration documents

3. Schedule C - Government IDs: List of government-issued IDs presented for notarization

4. Appendix 1 - Income Calculation Worksheet: Detailed breakdown of income calculation from various sources

5. Appendix 2 - Supporting Affidavits: Any additional affidavits from employers or support providers

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

Jurisdiction

Philippines

Publisher

Genie AI

Document Type

Affidavit

Cost

Free to use
Relevant legal definitions






























Clauses




















Relevant Industries

Education

Legal Services

Public Sector

Social Services

Financial Aid

Non-Profit

Government Administration

Academic Institutions

Relevant Teams

Financial Aid

Admissions

Student Services

Legal Affairs

Academic Administration

Enrollment Services

Compliance

Student Support

Documentation

Scholarship Administration

Relevant Roles

Financial Aid Officer

Scholarship Coordinator

Admissions Officer

Education Program Manager

Legal Compliance Officer

Student Services Director

Academic Affairs Manager

Enrollment Services Specialist

School Administrator

Financial Assessment Officer

Industries







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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