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var fullPath = document.getElementById('P40_RATE_FILE').value;
if (fullPath) {
    var startIndex = (fullPath.indexOf('\\') >= 0 ? fullPath.lastIndexOf('\\') : fullPath.lastIndexOf('/'));
    var filename = fullPath.substring(startIndex);
    if (filename.indexOf('\\') === 0 || filename.indexOf('/') === 0) {
        filename = filename.substring(1);
    }
    alert(filename);
}