Dear Surjeet Singh,
Generally, wages should be taken as a single package. However, when your industry wages comprises of some more components than the statutory minimum wages, for the purpose of comparison to determine the parity between the two, you have to take into account only those components falling within the ambit of the definition of the term 'wages' u/s 2(h) of the Minimum Wages Act,1948 and leave out the excluded items of payment mentioned therein. After this exercise, if both the sum totals are equal or the industry wages sum total is more than the sum total of the minimum wages, it is 100% compliance. If not, you should bring out parity by raising any of the components. Since the D.A component fixed under the MW Act,1948 is linked to some Cost of Living Index, it has to be revised periodically as prescribed in the G.O. Therefore, it is imperative that constant parity should be ensured.