Stay informed about the updates applied to PeopleSoft applications to keep your organization compliant

Legislative Update for PeopleSoft HCM Global Payroll India

The Ministry of Labour and Employment has released notification for reducing the contribution under the Employees’ State Insurance (ESI) Act to 4% from 6.5%. This includes a reduction of 1.5% in employers’ contribution to 3.25% from 4.75% and 1% reduction in employees’ contribution to 0.75% from 1.75%. These changes are effective 1st July 2019.

Our position statement has been revised to include these legislative updates and information on solution delivery. 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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