Alimony And Child Support In India In Franklin
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Often, people confuse alimony with child support. However, they are two completely different types of financial remedies. In simple terms, the financially weaker spouse receives alimony. Whereas child support is about providing financial assistance by one parent to the other, who has custody of the child.
For child maintenance from the father, in India you, the mother on behalf of the minor child can file maintenance petition under section 125 CrPC. You need to file petition in the district Family Court where you with your child is living. The cour...
The alimony or maintenance varies from case to case and depends on the number of children, age, assets of the husband, the earning capacity of the wife, and her education. But in general, you can expect up to 25%-30% of the monthly salary of the husband as maintenance for the wife and for children it is different.
Child support is never deductible and isn't considered income. Additionally, if a divorce or separation instrument provides for alimony and child support, and the payer spouse pays less than the total required, the payments apply to child support first. Only the remaining amount is considered alimony.
You are not legally obligated to support her. If a divorce is filed the court could make alimony retroactive.
You'll need to submit proof of all of your income streams when you apply for a mortgage, and lenders consider alimony checks to be a valid source of income.
How do mortgage lenders verify employment and income? Mortgage lenders usually verify income and employment by contacting a borrower's employer directly and reviewing recent employment and income documentation.
