It is an official document that assesses your family’s overall income.
It is required to avail benefits of government subsidies and schemes as well as scholarships.
It highlights the annual income of the applicant and his/her family members from various sources. Individuals from any income group, caste or category can get an income certificate.

Example:
For example, when applying for scholarships which are given based on your financial condition, you will be asked to give an income certificate.