Minimum wages means Basic + vda/special allowances as revised by appropriate government(central or state). I shall be splitted by any means.
Further, for any company while deciding salary structure of its employees to ensure that their basic salary is not less than the minimum wages (basic+vda/spl allwnce) applicaple to that industry's scheduled employment as per mw act.
Moreover, for the purpose of PF contribution, please refer EPFO circular No coord/4(6)2003/clarification/vol II/7394 dt 23 may 2011. Copy attached