How Is Divorce Alimony Calculated In India
Alimony Is A Legal Responsibility Which Is Imposed On A Person To Pay Financial Support To Their Spouse During Or After Marital Separation Or Divorce Under Indian Laws. How Is Divorce Alimony Calculated In India There Is No Fixed Formulae For Calculating The Amount Of Alimony Paid To Either The Husband Or The Wife. The Amount Can Be Paid As Periodic Payment, Monthly Payment Or Payment In Lump Sum Amount. In Case, Court Orders For Monthly Allowances, Then As Per The Guidelines Of Supreme Court, They Have To Give 25% Of Their Monthly Income. On The Other Hand, In The Cases Of One Time Payment, There Is No Such Strict Rule. The Husband Or The Wife Have To Pay 1/5th To 1/3rd Of Their Net Worth. There Are Several Factors Which The Court Considers While Calculating The Amount Of Alimony. These Are: The Net Worth Of Property Of Husband And Wife; Health Condition, Age And Social Status Of Both The Parties; The Conduct Of Both The Husband And The Wife; To Calculate The Husband Or Wife's Net...