IF for multiple conditions.

Summary

IF to be used for multiple condtions and if they are TRUE only for it to work

Content

Hi

I have a case where im using a formula to calculate values based upon two smart list values user picks upon, following is the script i have written. 

but somehow, system only considers one of my very first if condition. and other is not considered. i need to work, where if both the if conditions are TRUE, only for the formula to work. 

 

"Insurance Commision" 

(

IF("Actual Or Budget" == 10)

if ("No Of Prior Months" == Jan)

"Insurance Commision"=(("Insurance Commision New Granting Percentage")*