Thanx Manish, but i've review many of Salary slips, in which, most of Organisations are not keeping Basic + DA equally to minimum wages, still i am confused on the same, is it legal or not if Basic + DA is less than minimum wages?
Also my question is nobody wants less Net take, if we keep minimum wages as Basic + DA than PF deduction of low salaried people will be higher, and they will get less net take home, on other side Law also says we have to keep 40 % to 50% basic of gross, if Gross salary is 10,000/PM, than how is it possible to match with Minimum wages.
Either we can follow the rule of % or minimum wages, what actually laws says, please suggest me.
As per minimum wages act (Reference ILO)
" Wages means all remuneration capable of being expressed in terms of money, which would be, if the terms of the contract of employment, express or implied were fulfilled, be payable to a person employed in respect of his employment or of work done in such employment."
There is not even mentioned in the law that it should be " Basic + DA = Minimum wages"
It is urgent for me to short out this query.