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Legislative Update for PeopleSoft Global Payroll India

The Finance Minister presented the budget on February 1, 2020. The finance bill proposes to provide an option for individual taxpayers to apply lower tax rates as per the new tax regime. These changes are effective April 1, 2020 and applicable for fiscal year 2020 - 2021.

Our position statement has been revised to include these legislative changes and appropriate information on solution delivery. The position statement can be found on My Oracle Support, Document 2626375.1. We encourage our customers to review the latest statement to keep up to date

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