GPIND: Global Payroll India Legislative Changes for Tax Year 2015-2016
(Doc ID 1970139.1)
Last updated on FEBRUARY 06, 2019
Applies to:
PeopleSoft Enterprise HCM Global Payroll India - Version 9 to 9.2 [Release 9]Information in this document applies to any platform.
Details
The intent of this document is to describe solutions for problems or questions related to Global Payroll India Legislative Changes for Tax Year 2015-2016 This solution applies to customers on PeopleSoft Release {9.0, 9.1 & 9.2}. This is a living document and will be updated as new solutions are created; please review thoroughly on a regular basis.
(Last updated April 1st 2015) Summary Table - see below for details:
Please see table below for details.
Legislative Change | Effective Date | Additional Info | P1 Patch Fix Target Date | Targeted into PUM Image/Patchset |
---|---|---|---|---|
DIGITAL SIGNATURE FOR FORM-16 USING USB TOKEN DIGITAL SIGNATURE FOR FORM-16 USING USB TOKEN DIGITAL SIGNATURE FOR FORM-16 USING USB TOKEN DIGITAL SIGNATURE FOR FORM-16 USING USB TOKEN DIGITAL SIGNATURE FOR FORM-16 USING USB TOKEN |
2015 | N/A |
Release 9.2: Patch 20159437, May 5th Release 9.1: Patch 20159466
|
HCM 9.2.013, GP 9.1 Update 2015-C, ETA July 27th
|
BUDGET CHANGES 2015-16 | April 1st 2015 |
1. Increase in Surcharge - 10% to 12% Along with the above the following are also delivered in the patch A) PF admin charges reduced to 0.85% B) PT changes for Karnataka
|
Release 9.2: Patch 20636765 Release 9.1: Patch 20650098 Release 9.0: Patch 20650109
|
HCM 9.2.013,
GP 9.1 Update 2015-C GP 9.0 Update 2015-B |
PT CHANGES FOR MAHARASHTRA 2015-16 PT CHANGES FOR MAHARASHTRA 2015-16 PT CHANGES FOR MAHARASHTRA 2015-16 |
2015 | Currently professional tax is applicable to all persons drawing salary above Rs.7, 500 per month. The salary limit has been increased to Rs.10, 000 for women employees effective 1st April 2015. |
Release 9.2: Patch 20636765 Release 9.1: Patch 20810253 Release 9.0: Patch 20810233 |
HCM 9.2.013,
GP 9.1 Update 2015-C GP 9.0 Update 2015-B |
To stay up with the legislative changes that will impact your PeopleSoft Application visit https://blogs.oracle.com/psftlegupdates/
Actions
You need to apply the critical patches / GP Updates whenever their legislative fixes are posted.
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