Write a new formula
Posted: Sun Apr 21, 2013 10:19 am
Dear All,
I need to write a new formula for Transportation allowance. Allowance is 10% of Basic Salary but it should ensure minimum & maximum rates as per Grade rate Table where we Minimum & maximum values of allowance is recorded. We can even hard-code these values in the formula. For LOP days..Transportation allowance will be deducted. I don't want to call any functions in the formula. Can anybody suggest how to write this formula or share any model formula. First time i am doing this. Pl support me. Thanks in advance.
Regards,
Siva
I need to write a new formula for Transportation allowance. Allowance is 10% of Basic Salary but it should ensure minimum & maximum rates as per Grade rate Table where we Minimum & maximum values of allowance is recorded. We can even hard-code these values in the formula. For LOP days..Transportation allowance will be deducted. I don't want to call any functions in the formula. Can anybody suggest how to write this formula or share any model formula. First time i am doing this. Pl support me. Thanks in advance.
Regards,
Siva