Dear Akhil,
If that's the actual question, as you know, the poster need not bother as long as his industry wages remain on par with the statutory minimum wages.
To ensure this, those components in the industry wage structure which are excluded from the definition of wages should not be taken into account while determining the parity.
As of now, a reconsideration of the so called parity is absolutely required, as the Code on Wages, 2019 is likely to come into force.
In my opinion, unnecessary breaking up of components introduced in the industry wage structure would not serve the intended purpose of reducing employer's indirect financial commitments as the definition of the term wages found in the COW, 2019 provides for automatic absorption of the excess of the sum of those components other than basic, D.A and retaining allowance into the wages when their proportion exceeds 50% of the gross.