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Peoplesoft Tax update Generic and Specific instructions

I worked for Tax update in 2008, and through this post I will try to explain my experience on Peoplesoft Tax update for my blog visitors and students

FAQ's on Tax Update:
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1.How to now Tax update releases?
Ans. Oracle releases the Tax update calender every year, you can mark dates relevant to your Application . you can access calender by logon to support.oracle.com

2.My current Oracle support covers Tax Updates?
Ans. Oracle offers 3 level of customer support a.Premium Support b.Extended Support c.Sustaining support. Tax, Legal, and Regulatory Updates not covered in Sustaining support. Click here to Download Oracle Lifetime support policy doc

Peoplesoft tax update general steps:
Oracle publishes the tax update calendar for a year. You can get the release
dates from that calendar. The generic steps to be followed:

1. Keep the tax update calendar and mark the dates when the tax updates will
be available in support.oracle.com
2. Download the tax update file from the Oracle