Dear Member,
Pls find attached 02 notifications showing Minimum Wages for the year 2021.
There are different opinion in considering the Minimum Wages (Gross Salary or Basic Salary).
In some cases if the gross wages is more than the MW, then it is acceptable under the MW Act.
But during inspection of records under various act (PF, ESI, S&E Act, CLRA etc) the inspector insists the Basic Wages should not be less than the MW.
Hence, in general, it is advisable "the basic salary should be equal to the Minimum Wages."