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Legislative Update for PeopleSoft HCM Global Payroll India

Guest Author
The Finance Minister has presented the budget for Financial Year 2015-16 on 28th of February 2015. There are amendments with respect to deductions from total income, exemptions and taxes. These changes are effective 1st of April 2015. Also note that the Finance Bill tabled in Parliament is pending royal assent from The President. The Position Statement has been revised to include more details about these legislative updates and the patch availability. We advise customers to review the position statement to keep up-to-date. The Position Statement can be found on My Oracle Support, Document ID 1962660.1.

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