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Legislative Update for PeopleSoft HCM Global Payroll India

Paul Smit
Director Product Management

The Finance Minister has presented the budget for Fiscal Year 2018-19 on 1st of February 2018. There are amendments with respect to deductions from total income, exemptions and taxes. These changes are effective 1st of April 2018. 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 2358716.1.

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