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Legislative Update for PeopleSoft HCM Global Payroll India

Paul Smit
Director Product Management
As per the Gazette notification released during the last week of December 2016 the increase in monthly ESI wage limit (from Rs 15,000 to Rs 21,000) with effect from 1st October 2016 will now come to effect from 1st January 2017. In order to ensure compliance with these legislative initiatives Oracle has published a revised position statement detailing the amendment along with solution deliverable timelines. 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 2223826.1.

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