Hi,
It is true that basic wage should not be less than minimum wages, but gross salary is higher then 50%-60% should be kept in basic, 40% of basic should be in HRA , not more than Rs. 800/- will be kept in conveyence allowance.not more than Rs. 1250/- will be kept in medical allowance rest all be kept in other allowance. Medical allowance paid only to them who are not benefitted with esic scheme. But mind it basic wage should not be less than minimum wage of the state.
thanks & regards,
From,
Sumit Kumar Saxena,
9899669071