Regarding the Provident fund, it's the 5% that the Company provide which will need to exceed the statutory EOB, or else the latter is paid. Our own compulsory 5% is NOT factored into the calculations and would be in addition to the above sum.
I do agree, however, that there is too much protection built into our scheme and the recent results of the A + B fund is nothing short of criminal. People really need to start asking some searching questions.