Dear Friends,
Lot's confusion on this.....would like to add few words..
State government has right to decide the minimum wages, it varies from industry to industry. So first do not give any kind of india untill and unless we dont know the the person is asking for minimu wages for which state...Minimum wages includes Basic+DA, HRA. For Chemical industries in Maharashtra it has been defined in three criteria:
1. Skilled
2. Semi Skilled,
3. Non Skilled
For all above category government has fixed an amount to pay. It could also be varies from location to location, if defines by govt. (see the case of Maharashtra)
Generally an organisation requires most of the semiskilled employees/worker, in this case for a chemical company in Maharashtra it has been decides as follows:
Basic + DA+HRA ( not below than 5% of Basic + DA) = 3258/month, whereas Rs. 648 has been decided as DA (Chemical industry, it can also be varies as per the industry), rest calculation can be done easily and we can get the minimum required amount for Basic.
Best Regards
Deepak Dwivedi