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Legislative Update for PeopleSoft HCM Global Payroll India

Paul Smit
Director Product Management

The Finance Minister presented the interim budget on 1st of February 2019. There are amendments with respect to tax rebates, standard deduction and interest exemption on deposits made. These changes are effective 1st of April 2019 and applicable for fiscal year 2019 - 20.

Our position statement has been updated with these legislative changes and its solution posting details. The Position Statement can be found on My Oracle Support, Document ID 2502935.1. We encourage our customers to review the latest Statement to keep up to date.

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