As per internal circullar of PF/ESIC inspector,
Basic + DA wages cannot be less than Miniumum wages.
if above minimum wages, Not less then 55% of gross.
Means Minimum wages or 55% of gross whichever is higer is applicable.
If you not follow the basic rules, PF and Labour dept may create objection and give the order of balance payment.
It has been no of time in india.
Now a days, PF Dept is online. they can easily check with basic wages, whether it is below then minimum wages or not ?
So please, I want to suggest everybody. Pleaase Follow the govt. rules if you not want any problum in future.