Annual Income for Visa Processing | Income Statement and Income Sources for Abroad Study
Source of Income for Visa Processing | Income Statement and Income Source for Abroad Study | Annual Income Verification Certificate | Supporting Documents for Annual Income.
Income Source Certificate is a document issued by the VDC/Municipality stating the source of income of the applicant’s sponsor. This can contain the income from Land lease, House rent, Pension book, Salary, etc.
Annual income refers to how much income you earn in one year before deductions.
The evidence of annual income must be provided in the form of official government documentation, such as a tax assessment.
Timecodes:
0:00 Video Starts
0:52 Income Source Certificate?
1:50 Who can be your Sponsors?
2:15 Source of Income for Visa Processing
5:23 Important of Annual Income for Visa Approval
7:15 How to verify annual Income?
8:45 Supporting Documents for Annual Income
12:02 Recap: Verification of Annual Income
12:49 Ideal Value of Annual Income for Visa Processing
14:00 Recap: Sponsors for Annual Income
14:52 Basic Documents for Annual Income
16:16 Sample Documents
Annual Income Verification Certificate verifies and provides evidence that you are cable to cover all of your expenses during abroad study.
Annual income includes:
• Wages, salary, overtime pay, commissions, and tips or bonuses before deductions
• Any social security, retirement funds, or pensions
• Welfare or disability assistance
• Court-ordered alimony or child support payments
• Net income from operating a business or a second job
• Interest, dividends, and any other net income from properties
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