How to upgrade phpMyAdmin in XAMPP to latest?

Most of the windows users choose XAMMP to install Apache distribution containing MySQL, PHP, phpMyAdmin, and Perl. But, if you try to update any one of the softwares, you may face difficulties. Either you must have to install the latest version of XAMPP (or) you must update the software and configure the web server manually. In such case, we may either loss the data (or) it may remain nonfunctional. So it is safe to take backup of whole files, before trying to install manually.